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Time of India
08-07-2025
- Business
- Time of India
About ₹30,885 crore worth of land transacted across India in H1 2025
NEW DELHI: India's land market witnessed a record-breaking surge in activity during the first half of 2025, with nearly 2,900 acres changing hands in 76 separate deals — surpassing the total volume recorded for the entire 2024, which saw 133 deals for 2,515 acres. According to a new report by Anarock, the land deals transacted in H1 2025 alone are valued at ₹30,885 crore, with an estimated revenue potential of ₹1.47 lakh crore and a cumulative development capacity of over 233 million sq. ft. Among India's top seven cities, the Mumbai Metropolitan Region (MMR) led with 24 land deals for over 433 acres, followed by Bengaluru with 15 deals for 182 acres and Pune with 13 deals spanning more than 214 acres. Notably, Tier 2 and 3 cities are emerging as serious contenders, accounting for 1,907+ acres in just nine deals—underscoring a shift in the geographic contours of Indian real estate activity. Residential projects drive land demand Of the total land transacted, 54 deals—spanning over 1,200 acres—are earmarked for residential developments including apartments, villas, townships, and plotted layouts. Meanwhile, eight deals (48.4 acres) are intended for commercial projects, six (1,034 acres) for mixed-use development, and three large deals (537 acres) for industrial and logistics parks. The growing diversity of use-cases also includes allocations for a data centre (2.4 acres) and a semiconductor equipment manufacturing facility (25 acres). "Between 2021 and H1 2025, over 11,858 acres have been transacted in 423 deals across the country for various developments. The scale and sophistication of these deals, which account for a combined development potential of 841 Mn sq. ft., underscore the real estate market's maturation - and the strategic importance of land as a cornerstone resource," said Mayank Saksena, MD & CEO - Land Services, Anarock Group . Top Land Deals in H1 2025 across citiesBuyerCityApprox. Size (in Acres)Approx. Deal ValueProposed DevelopmentGodrej PropertiesIndore24120Plotted DevelopmentMax EstateNoida10.33711Mixed UseM3M GroupNoida5.82400CommercialArvind SmartspacesAhmedabad440JDAIndustrial & Logistic ParkPanasonic LifeMumbai1.63160CommercialEcoBox Industrial ParksChennai50400Industrial & Logistic ParkArvind SmartspaceAhmedabad150180Plotted DevelopmentBrigade GroupBengaluru4.4220ResidentialKrisala GroupPune105JDATownship ProjectLam ResearchBengaluru251,125Semiconductor Equipment ManufacturingConsortium of Schloss Bangalore, Arliga Ecospace Business Parks, and Schloss ChankyaMumbai8.311,302CommercialMacrotech Developers (Lodha)Pune5JDAResidentialNTT Global Data CentersMumbai2.39855Data CentreOmaxeAmritsar2601,000TownshipPrestige Group & Arihant GroupChennai3.48361Residential Source: Anarock Research Tier II/III cities gaining ground Interestingly, smaller cities like Ahmedabad, Mysuru, Panipat, Amritsar, Coimbatore, and Indore featured prominently in the top land deals of H1 2025. This decentralisation of land investment away from India's core metros hints at a maturing market and a more geographically distributed economic development. Between 2021 and 2024, the NCR region led in terms of deal count (92) and cumulative value (~₹26,100 crore), while MMR accounted for the single largest land deal—worth ₹5,200 crore—and the highest total land area (1,745 acres). Hyderabad also saw one of the largest transactions of 600 acres in this period. The report also highlighted the growing prevalence of joint development agreements (JDAs), which saw a 150% year-on-year increase in 2024, underscoring the industry's pivot towards collaborative models that optimize capital and manage risk more efficiently.
Hans India
03-07-2025
- Business
- Hans India
India's office leasing jumps 40 pc in H1 2025, new supply jumps 25 pc: Report
New Delhi: India's commercial real estate market witnessed strong growth in the first half of 2025, with net office leasing across the top seven cities rising by 40 per cent year-on-year (YoY), a new report said on Thursday. According to data compiled by Anarock Research, net office absorption grew from around 19.08 million sq. ft. in H1 2024 to approximately 26.8 million sq. ft. in H1 2025. New office supply also increased by 25 per cent during the same period, reaching nearly 24.51 million sq. ft. Experts say the strong office market performance reflects India's steady economic growth and its rising global profile as a business destination. Peush Jain, Managing Director, Commercial Leasing & Advisory at Anarock Group, said the country continues to attract large-scale office leasing by global capability centres (GCCs) and US-based corporates. He also noted that India's economic stability stands in contrast to policy uncertainty in the US, making it an increasingly attractive destination for long-term investments. Bengaluru led the leasing activity with around 6.55 million sq. ft. of office space absorbed in H1 2025 -- a 64 per cent increase compared to 4 million sq. ft. in the same period previous year. Pune stood out with the highest annual growth in net absorption, soaring by 188 per cent to 3.8 million sq. ft., up from 1.32 million sq. ft. the previous year. Kolkata, however, was the only city among the top seven to see a decline in leasing, dropping 51 per cent to just 0.45 million sq. ft. In terms of new office space completions, Bengaluru again took the lead by adding approximately 6.91 million sq. ft. in H1 2025, a 26 per cent rise from the previous year. Pune posted an exceptional 533 per cent jump in new supply, going from just 0.9 million sq. ft. in H1 2024 to over 5.7 million sq. ft. this year, the report stated. Sector-wise, the IT/ITeS sector continued to drive demand, accounting for 29 per cent of overall office leasing. This was followed by the coworking sector at 22 per cent and BFSI at 18 per cent.
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Business Standard
03-07-2025
- Business
- Business Standard
Office leasing up 40% in H1 2025, Bengaluru, Pune lead demand: Anarock
India's net office leasing rose 40 per cent year-on-year (Y-o-Y) in the first half of 2025, reaching 26.8 million square feet, up from 19.08 million square feet in H1 2024, according to a report by real estate consultancy firm Anarock. Among the top seven cities, Bengaluru recorded the highest net office absorption at 6.55 million square feet in H1 2025, up from 4 million square feet a year ago—a 64 per cent increase. Pune saw the sharpest growth, rising 188 per cent to 3.8 million square feet from 1.32 million square feet in the same period last year. Bengaluru leads new office supply; Pune sees highest jump New office completions in the top seven cities increased 25 per cent year-on-year, from 19.65 million square feet in H1 2024 to 24.51 million square feet in H1 2025. Bengaluru once again led the market in terms of new supply, with 6.91 million square feet added—up 26 per cent from 5.5 million square feet last year. Pune saw the highest percentage jump, recording a 533 per cent rise in new office supply—from just 0.9 million square feet in H1 2024 to over 5.7 million square feet in H1 2025. In contrast, Mumbai Metropolitan Region (MMR) and Hyderabad recorded year-on-year declines in new supply. MMR added 1.9 million square feet, down 45 per cent from 3.47 million square feet in H1 2024. Hyderabad saw a 17 per cent dip, with new completions totalling 4.7 million square feet. GCCs, IT, and coworking firms drive demand Peush Jain, managing director – commercial leasing and advisory, Anarock Group, said, 'The office real estate market was ahead of its residential counterpart in H1 2025. Both net absorption and new office completions saw high growth, largely because of India's enduring economic strength. Also, overall office leasing by global capability centres (GCCs) across cities continues to grow in 2025, and large US-based corporates continue to lease large spaces across Indian cities.' IT/ITeS firms dominated leasing with a 29 per cent share, followed by coworking at 22 per cent and BFSI at 18 per cent. Consultancy and e-commerce sectors also saw a 1 per cent increase in demand share compared to H1 2024, while manufacturing and industrial sectors declined. Vacancy drops, rentals inch up The average office vacancy rate across the top seven cities fell to 16.3 per cent in H1 2025. However, MMR and Hyderabad recorded higher vacancy levels, with Hyderabad continuing to have the highest at 26.6 per cent. Average monthly office rentals rose by 5 per cent from ₹84/sq. ft. in H1 2024 to ₹88/sq. ft. in H1 2025. Chennai led rental growth among cities, with a 6 per cent year-on-year increase.
Hindustan Times
30-06-2025
- Business
- Hindustan Times
Housing sales decline 20% in India, 25% in MMR
Mumbai: Increasing property prices and geopolitical tensions across the world have hit housing sales in seven metropolitan cities in India, with sales dropping by 20% in the second quarter of 2025 compared to the second quarter of 2024. The Mumbai Metropolitan Region (MMR) was hit the hardest, with housing sales dropping by 25%, from 41,540 units in the second quarter of 2024 to 31,275 units in the second quarter of 2025, according to a report by real estate consulting firm, Anarock. (Hindustan Times) Approximately 96,285 houses were sold in the second quarter (April-June) of 2025 across the seven metropolitan cities – National Capital Region, MMR, Bengaluru, Pune, Hyderabad, Chennai and Kolkata, compared to 120,335 houses sold in the same period in 2024. Housing sales in the seven cities increased marginally by 3% compared to the first quarter of 2025, the report shows. Chennai, the National Capital Region (NCR), Hyderabad and Bengaluru witnessed a spike in sales by 40%, 14%, 9% and 1% respectively. But in Kolkata, Pune and the MMR, housing sales dropped by 10%, 4% and 1%, respectively. 'The second quarter of 2025 was a rollercoaster for the Indian housing market, rocked by major military actions at home and abroad. The war-like climate pushed homebuyers into wait and watch mode, compounding the impact of soaring property prices over the past two years,' Anuj Puri, chairman, Anarock Group, told Hindustan Times. 'Now, with domestic tensions easing and the Reserve Bank of India's repo rate cut injecting fresh optimism, buyer sentiment is rebounding.' Similar sentiments were shared by other real estate consultants. 'Geopolitical tensions always have an impact on Indian real estate, though the degree varies depending on the geography and Indian economic interests in those countries,' said a real estate consultant, requesting anonymity. 'This time around, with America intervening in the Iran-Israel war, people feared that a medium to large-scale conflict may lead to economic slowdown or job cuts. Hence, home hunters decided to keep their purchase decisions on hold.' In keeping with the dip in sales, new launches decelerated by 16% on a year-on-year basis, from approximately 117,165 units in the second quarter of 2024 to around 98,625 units in the second quarter of 2025. Realty hotspots MMR and NCR saw the maximum new supply, accounting for 48% of the total new supply across the seven cities. MMR witnessed a 36% yearly decline and a 8% quarterly decline in new supply. One of the top developers in the MMR, who recently launched a project in the extended Navi Mumbai area, said, 'When the Ukraine-Russia conflict broke out in February 2022, we thought it would last only a few weeks, but we have been proved wrong. But that conflict did not have as much impact on India's realty industry as the one in the Middle East, especially with America's involvement.' Puri was optimistic about an uptick in sales in forthcoming quarters. 'Despite a 20% year-on-year dip in sales across the top seven cities, a 3% uptick this quarter signals renewed momentum,' he said. 'With home loan rates softening and developers largely holding prices steady, the stage is set for a potential upswing in housing sales in the coming quarters.'
Time of India
26-06-2025
- Business
- Time of India
Housing units sale dips 20% YoY in metros
CHENNAI: Top metros recorded a YoY decline in housing sales for the second consecutive quarter during the current calendar year. Housing sales dropped by 20% in Q2 CY2025 at 96,285 units against 1,20,335 units in the same quarter last year (April-June CY2024), a report by property consultant Anarock said. Tired of too many ads? go ad free now The dip was 28% in the previous quarter Q1 (Jan-March) CY2025 over Q1 CY2024. However, housing sales marginally rose by 3% QoQ (Q1 vs Q2) this year (CY2025). The report released on Thursday said, Mumbai Metropolitan Region (MMR) and Pune with the highest sales among the seven top metros in Q2 CY2025 at 31,275 units and 15,410 units, respectively, recorded dip in sales by 25% and 27% YoY. Chennai was the only metro that witnessed an YoY increase in sales by 11% at 5,660 units. In contrast, housing unit sales rose by 14% YoY between Q2 CY2024 and the corresponding period of CY2023. On a QoQ basis, sales in MMR and Pune were down by just 1% and 4%, respectively, while developers in Bengaluru, NCR and Hyderabad had a 1%, 14% and 9% growth in sales. Anuj Puri, chairman – Anarock Group, said, "The second quarter of 2025 was a rollercoaster for the Indian housing market, rocked by major military actions at home and abroad. The war-like climate pushed homebuyers into wait-and-watch mode, compounding the impact of soaring property prices over the past two years. " Shekhar G Patel, president, Credai, said the slowdown in quarterly sales observed in some markets can be attributed to a combination of elevated input and land costs, inflationary pressures on household budgets, and a more measured pace of new project launches—factors that have contributed to temporary caution among certain buyer segments". Tired of too many ads? go ad free now "However, this short-term trend should not be viewed as indicative of the sector's overall health. The RBI's recent decision to reduce the repo rate by 50 basis points is expected to positively influence buyer sentiment. With another rate cut anticipated later this year and the festive season approaching in Q3 and Q4, the housing sector is poised for a gradual but steady recovery in the second half of 2025," he told TOI. Pradyumna , executive director, Brigade Group, said, the increase in housing sales in Bengaluru and Hyderabad during Q2 CY2025 can be attributed to the potential turnaround after a subdued Q1.
