Nearly 68 land deals, accounting for 1,656 acres, were registered in the first nine months of this calendar year in the top 8 cities, according to a report by ANAROCK research. Around 20 land deals for 925 acres were closed In the corresponding period last year.
The top 8 cities include National Capital Region, Mumbai Metropolitan Region, Bengaluru, Hyderabad Pune, Chennai, Kolkata, and Ahmedabad.
Out of the 68 deals, nearly 40 deals accounting for over 590 acres, was proposed for residential development by the developers and entities.
Over 147 acres in four separate deals is reserved for industrial and logistics