The city has clocked the second highest quantum of land deals after Delhi NCR during the 2018-22 period with 24 deals for 970 acres of land worth $0.9 billion being clinched out of the total 6,800 acres of land that was acquired in the top seven cities of the country over these five years.
The report, titled ‘Indian real estate: Betting on a capital future’, said while Delhi NCR accounted for nearly 26% of total land acquired during the five-year period, Hyderabad and Mumbai accounted for about 14% of the total transactions by land size, followed by Bengaluru at 10%, Chennai at 8% and Pune at 7%.
During the five-year period, a total of $12 billion was pumped into these land acquisitions across the country, of which residential realty accounted for 30%, mixed use developments 29%, office sector 19%, I&L 9%, data centres 7%, retail 3% and others 3%. Of $31.8 billion Equity investments into real estate sector Hyderabad attracted $2.24 billion, accounting for 7% of cumulative Investments in India. But Mumbai accounted for the lion’s share of the total investment inflows into the sector at 25% ($8 billion), followed by Delhi-NCR at 21% ($6.6 billion), Bengaluru at 16% ($5.2 billion), Chennai at 9% ($2.9 billion), and Pune at 5% ($1.4 billion).