m3m smart homes - Acres 21 - One Place for All Your Real Estate Needs https://acres21.com Wed, 24 Apr 2024 10:37:17 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 https://acres21.com/wp-content/uploads/2023/12/cropped-Gold-White-Elegant-Property-Logo-250-x-250-px-100-x-100-px-125-x-80-px-125-x-50-px-500-x-500-px-32x32.png m3m smart homes - Acres 21 - One Place for All Your Real Estate Needs https://acres21.com 32 32 Gurugram Leads Land Deals in FY24: Top 10 Transactions in NCR https://acres21.com/gurugram-leads-land-deals-in-fy24-top-10-transactions-in-ncr/ Wed, 24 Apr 2024 10:36:42 +0000 https://acres21.com/?p=4085 The Delhi-NCR region remains a bustling hub for real estate transactions, with land deals serving as catalysts for development across diverse sectors. According to ANAROCK, a renowned real estate advisory firm, the number of land deals in Delhi-NCR surged to 29 during FY24, covering approximately 314 acres, a rise from 23 deals spanning 273.9 acres […]

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]]> The Delhi-NCR region remains a bustling hub for real estate transactions, with land deals serving as catalysts for development across diverse sectors. According to ANAROCK, a renowned real estate advisory firm, the number of land deals in Delhi-NCR surged to 29 during FY24, covering approximately 314 acres, a rise from 23 deals spanning 273.9 acres in FY23.

Residential Projects Dominate Acquisitions

Residential and township developments took the lead, accounting for nearly 298 acres across 26 transactions. Additionally, commercial real estate saw two significant land parcels, each exceeding seven acres, while an 8.61-acre plot was allocated for an educational venture.

Gurugram Takes the Lead

Gurugram emerged as the epicenter of major land deals, recording 22 transactions. Noida followed with 5 deals, and Greater Noida trailed with 2. Delhi and Faridabad registered minimal activity with one transaction each.

Leading developers like DLF Homes secured 29 acres, while Signature Global acquired 25.75 acres, both for expansive residential ventures.

Top 10 Land Deals in FY24 by Land Area

  1. Prestige Group: Ghaziabad (township development, 62.5 acres)
  2. DLF Homes Developers: Gurugram (residential, 29 acres)
  3. Signature Global: Gurugram (residential, 25.75 acres)
  4. Godrej Properties: Gurugram (residential, 14.8 acres)
  5. Oberoi Realty: Gurugram (residential, 14.8 acres)
  6. Adore Group: Faridabad (residential, 15 acres)
  7. Eldeco Group (Q3-2023): Gurugram (residential, 8.5 acres)
  8. Eldeco Group (Q4-2023): Greater Noida (residential, 8.9 acres)
  9. Multiple Transactions (Year-Round): Various locations (residential & retail, range: 5.56 – 8.35 acres)

Notable Individual Transaction

A standout transaction involved Deepinder Goyal, CEO of Zomato, who acquired land in Delhi’s Dera Mandi village.

  • Land Size: 5 acres (acquired in two separate transactions: 2.5 acres each)
  • Location: Dera Mandi village, Mehrauli, Delhi
  • Transaction Value: Rs 79 crore (approx. $9.6 million)
  • Transaction Dates: March 2023 (first purchase) and September 2023 (second purchase)

Goyal acquired two parcels from different owners, paying a stamp duty of Rs 5.24 crore. In the initial transaction on March 28, 2023, he purchased 2.5 acres from Luxalon Building at Rs 29 crore, with a stamp duty of Rs 1.74 crore. The subsequent transaction on September 01, 2023, involved purchasing 2.53 acres from Ravi Kapur at Rs 50 crore, with a stamp duty of Rs 3.50 crore.

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The post Gurugram Leads Land Deals in FY24: Top 10 Transactions in NCR first appeared on Acres 21 - One Place for All Your Real Estate Needs.

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