Land Deals Down, Listed Developers Remain Resilient in FY2026
India saw a total of 111 land deals spanning over 2,994 acres for real estate developments in FY2026, a decline from 143 transactions in FY2025. However, listed developers continued to dominate, accounting for 54 deals covering more than 1,433 acres, representing a 49% share of total deals and 48% of the transacted land area.
Top Focus Markets:
- Bengaluru: 17 deals covering over 293 acres.
- Pune: 8 deals spanning around 78 acres.
- Mumbai Metropolitan Region (MMR): 7 deals for over 51 acres.
- Chennai: 5 deals each, covering more than 74 acres.
- Hyderabad: 5 deals, covering around 38 acres.
Tier 2 and 3 Markets:
- Amritsar: 2 deals totaling a significant 520 acres.
- Vadodara: 1 deal.
- Nagpur: 1 deal.
- Panipat: 1 deal.
- Mysore: 1 deal.
- Raipur: 1 deal.
- Coimbatore: 1 deal.
Comment from Anuj Puri, Chairman, Anarock Group:
"Land acquisition is increasingly becoming both capital-intensive and regulation-driven in the last few years. Listed developers have a clear edge over unorganized or smaller players, thanks to their easier access to institutional capital and transparent balance sheets."
Despite the broader market slowdown, listed developers continued to close land deals, with a significant jump in market share. In FY2025, listed developers accounted for 40% of all land deals; in FY2026, that figure climbed to 49%.
NCR New Supply Share:
Out of the total new unit supply in NCR in FY 2026, at least 66% was by the listed and Grade A companies. Smaller and unorganized developers comprised a 34% share.
Comment from Anuj Puri, Chairman, Anarock Group:
"This clearly highlights NCR homebuyers' rising prioritisation of reliability and brand equity. NCR market has undertaken a major flight to trust, where historical delivery delays have now pushed most of the new supply into the hands of institutional giants."
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