Mumbai, April 27: India’s real estate sector is witnessing a steady consolidation, with listed developers significantly strengthening their hold on prime land acquisitions across the country, according to the latest research by ANAROCK Group.
The data reveals that listed real estate players accounted for 49% of all land deals in FY2026, marking a notable increase from 40% in FY2025. Out of 111 total land deals covering over 2,994 acres, listed developers alone executed 54 deals spanning more than 1,433 acres, underlining their growing dominance.
Commenting on the trend, Anuj Puri, Chairman of ANAROCK Group, said:
“Listed developers are now driving nearly one out of every two land deals in India. Despite a moderation in overall deal volumes, their activity remains resilient, backed by stronger access to capital and transparent financial structures.”
Key Highlights
- Total land deals declined from 143 in FY2025 to 111 in FY2026, indicating a cooling in transaction volumes
- Listed developers maintained strong momentum with 54 deals, nearly matching 57 deals in FY2025
- Listed players accounted for 48% of total land area transacted
Top Players & City Trends
Among leading developers, Godrej Properties led with 17 deals covering 443.5 acres, followed by Brigade Group with 8 deals spanning nearly 81 acres.
Bengaluru emerged as the top hotspot for listed developer activity with 17 deals covering over 293 acres, followed by:
- Pune: 8 deals (~78 acres)
- Mumbai Metropolitan Region (MMR): 7 deals (51+ acres)
- Chennai & Hyderabad: 5 deals each
- NCR: 2 deals (18.6 acres)
- Kolkata: 1 deal (5 acres)
Among Tier 2 and Tier 3 cities, Amritsar stood out with 2 deals totaling 520 acres, while cities like Vadodara, Nagpur, Panipat, Mysore, Raipur, and Coimbatore also attracted investments.
Rising Dominance in Housing Supply
The growing influence of listed and Grade A developers extends beyond land acquisition. Their share in new housing supply across the top 7 cities reached 45% in FY2026, up from 43% in FY2025.
Notably, NCR recorded the highest concentration, with 66% of new housing supply coming from listed and Grade A developers—reflecting a strong “flight to trust” among homebuyers.
“Homebuyers, particularly in NCR, are prioritizing reliability and brand credibility. This shift is pushing a larger share of new supply into the hands of institutional developers,” added Anuj Puri.
Outlook
While listed developers continue to aggressively acquire land, future project launches may follow a more calibrated approach amid global macroeconomic uncertainties and moderating housing demand. However, their financial strength and operational scale are expected to keep them at the forefront of India’s real estate growth story.
