Gurugram-based real estate developer, Dvok Buildcon has made a purchase of an 18-acre plot of land in the city for Rs 310 crore. The company has purchased agricultural land near Manesar, and paid Rs 21.72 crore as stamp duty. Despite all-time high residential demand, several large and listed developers, as well as other entities, continued to acquire land. During 2022–23, 88 land deals totalling approx. 1,886 acres were closed across various cities.

Developers and entities concluded about 101 separate land deals in 2023–24, cumulatively accounting for nearly 2,989 acres across the country. The residential segment continues to drive the Indian real estate market. In land deals, NCR has witnessed 29 deals for 313 acres, followed by MMR with 19 deals for approx. 157 acres. Future developments and potential returns on investment are major contributors to the rise in land transactions.

In terms of total area, approx. 58 percent more land has been purchased in FY2024 compared to FY23. In terms of total land area, Bengaluru saw 14 deals for 490 acres transacted, the highest among all the top seven cities. Land deals in the National Capital Region (NCR) have peaked due to urbanisation, infrastructure development, and investment opportunities driving demand for land.