INR 62,000 Cr Needed for New Land Development in 2024: JLL

India's 2024 Real Estate Boom: 2,335 Acres Acquired; INR 39,742 Cr Invested. Developers Eye 194M sq.ft Development Across 23 Cities

Capital flows

Location strategy

Land

Government

Authors

Arundhati Bakshi Dighe

Director - PR and Communication, India

Year	Land bought by developers (acres)	Value of land acquired (INR Cr)	Development potential (Mn sq. ft)	Number of deals
2022	1,603	18,112	150	64
2023	1,947	32,203	176	111
2024	2,335	39,742	194	134

^{Source: JLL India}
^{Note: The development potential is estimated based on the permissible FAR/FSI allowed in the respective micro markets where the land has been transacted.}

INR 62,000 Cr Needed for New Land Development in 2024: JLL

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