Out of the total 6,800 acres of land that was acquired in the top seven cities in the country over these five years, the city has secured 24 deals for 970 acres of land for $0.9 billion, ranking second highest in terms of the number of land deals behind Delhi NCR over the 2018–22 period.
According to the report, “Indian real estate: Betting on a capital future,” Bengaluru came in at number one with 10% of all transactions by land size, followed by Chennai at number two with 8%, and Pune at number three with 7%. Delhi NCR accounted for nearly 26% of all land acquired over the course of the five-year period.
Out of the total 6,800 acres of land that was acquired in the top seven cities in the country over these five years, the city has secured 24 deals for 970 acres of land for $0.9 billion, ranking second highest in terms of the number of land deals behind Delhi NCR over the 2018–22 period.
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According to the report, “Indian real estate: Betting on a capital future,” Hyderabad and Mumbai accounted for roughly 14% of all transactions by land size, followed by Bengaluru at 10%, Chennai at 8%, and Pune at 7%. Delhi NCR accounted for close to 26% of all land acquired during the five-year period.
But according to the most recent report by CBRE South Asia Pvt Ltd, when it comes to the total investments made in these deals, Delhi NCR and Mumbai came out on top with investments of $3. 8 billion each for 1,760 acres and 960 acres, respectively.
This was true even though Mumbai recorded a somewhat smaller amount of land acquired than Hyderabad, partly as a result of Mumbai’s premium pricing due to the restricted amount of land available. According to the report, residential and mixed-use land parcels accounted for about 60% of the total investments made in land acquisition, totaling $7 billion in the top markets. Additionally, about 60% of the total acquisition of 6,800 acres was completed between January 2021 and December 2022.
A total of $12 billion was invested in these land purchases over the course of the five-year period, of which 30% went to residential real estate, 29% to mixed-use projects, 19% to the office sector, 9% to I&L, 7% to data centers, 3% to retail, and 3% to other uses. Hyderabad attracted $2. 24 billion of the $31. 8 billion in equity investments into the real estate sector, or 7% of all investments in India. However, Mumbai received 25% of all investment inflows into the sector ($8 billion), followed by Delhi-NCR at 21% ($6. 6 billion), Bengaluru at 16% ($5. 2 billion), Chennai at 9% ($2. 9 billion), and Pune at 5% ($1. 4 billion).
Anshuman Magazine, chairman & CEO of CBRE for India, South East Asia, the Middle East, and Africa, stated that investment flows into the industry were anticipated to stay constant over the following two years with a cumulative inflow of $16–17 billion. We predict that the office sector will continue to draw the highest proportion of institutional inflows, followed by I&L and sites or land parcels, taking into consideration historical and present trends as well as the money that existing investment platforms have raised over the past 2-3 years. Additionally, we think alternative investments, particularly in data centers, may take off. The fact that 2022 was a watershed year for land activity is indicative of the long-term wagers investors are prepared to take on the Indian real estate market, according to Magazine.
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