111 Land
Deals Spanning 2,994+ Acres in FY 2026 - Almost Every 2nd Deal
by Listed Players
- ~54 deals for over 1,433
acres closed by listed players, who captured a 49% share of land deals
& a 48% share of total transacted land area
- Bengaluru was the key focus
region for these listed players - city saw 17 deals spanning 293+ acres
closed in the period; Pune saw 8 deals for ~78 acres & MMR saw 7 deals
for 51+ acres
- Chennai & Hyderabad
witnessed 5 land deals each by listed companies for 74+ acres & 38
acres, respectively; NCR saw just 2 land deals in Gurugram; Kolkata saw
one deal
- Tier 2 & 3 cities where
listed players acquired land were Vadodara, Amritsar, Nagpur, Panipat,
Mysore, Raipur, & Coimbatore
- 45% of new housing supply in
the top 7 cities in FY 2026 was by listed & Grade A developers
- NCR saw the highest supply
share by listed and Grade A companies with a whopping 66% out of total
launches in FY 2026
Mumbai,
27 April 2026: The
Indian real estate sector continues to quietly consolidate, with listed
developers securing an ever-increasing and dominant share of prime land across
the country. Latest ANAROCK Research data shows a moderate cooling in absolute
volume of land transactions, even as its highlights the increasing hold of
these dominant developers enjoy.
"Our
latest data shows that listed realty players spoke for an impressive 49% share
of all land deals in FY 2026," says Anuj Puri, Chairman — ANAROCK Group.
"This means that they drove close to one of every two land deals in this
period. A total of 111 land deals covering 2,994+ acres were sealed nationwide
for various real estate developments, with 54 deals over 1,433 acres executed
by listed developers alone."
Among the
leading listed players, Godrej Properties led the pack with 17 deals across
443.5 acres, followed by Brigade Group with 8 deals over nearly 81 acres.
Bengaluru emerged as the prime hotspot for listed‑player land acquisition
activity in FY 2026, with around 17 deals for 293+ acres closed in the city.
- Pune saw a total of 8 land
deals for approx. 78 acres closed, while MMR came a close
second with 7 land deals for 51+ acres.
- Chennai and Hyderabad
witnessed 5 land deals each, for 74+ acres and ~38 acres,
respectively.
- NCR closed 2 land deals
for 18.6 acres; Kolkata witnessed one land deal for 5
acres by listed realty players.
- Among the top tier 2
& 3 cities to attract listed players, Amritsar saw 2
land deals for a whopping 520 acres closed in FY 2026.
- Vadodara, Nagpur, Panipat,
Mysore, Raipur, and Coimbatore also saw land deals concluded by listed
players.
“Land
acquisition is increasingly becoming both capital-intensive and
regulation-driven in the last few years," says Anuj Puri. "In this
scenario, listed developers have a clear edge over unorganized or smaller
players, thanks to their easier access to institutional capital and transparent
balance sheets. While the total number of land deals dropped from 143 in FY2025
to 111 in FY2026, the land buying activity of these dominant players remained
remarkably resilient."
"Despite
the broader market slowdown, these entities closed 54 land deals in FY 2026,
nearly matching the 57 deals from the previous fiscal year. This resilience has
led to a significant jump in market share. In FY2025, listed developers
accounted for 40% of all land deals; in FY2026, that figure climbed to 49%.”
While
these listed players' appetite for strategic land acquisition continues
unabated, it will be interesting to see how and when they will launch these
projects, given the current global macroeconomic uncertainties and tapering
housing sales. It is likely that they will set a more moderate tempo of
calibrated new launches in the times to come.
|
Listed Developers Presence Across
Country in FY 2026 |
|
|||
|
Total No. of Land Deals |
Deals of Listed Developers |
% Share of Listed Dev. |
||
|
111 |
54 |
49% |
||
|
Total Land Area (Acres) |
By Listed Developers |
% Share of Listed Dev. |
||
|
2993.57 |
1432.97 |
48% |
||
Source: ANAROCK Research & Advisory
The
Sharpening Edge of Listed & Grade A Developers
An analysis
of the total new housing supply (units) across the top 7 cities in FY 2026
shows that the share of the listed and Grade A developers combined stayed high
at 45%. Back in FY 2025, this share was slightly lower at 43%.
In terms
of cities, NCR witnessed a notable change in its overall new supply share in
the FY 2026. Out of the total new unit supply in NCR in FY 2026, at least 66%
was by the listed and Grade A companies. Smaller and unorganized developers
comprised a 34% share.
|
Listed & Grade A Developers Vs
Others (New Launches Share) |
||||||||
|
FY 2026 |
MMR |
NCR |
Bangalore |
Pune |
Hyderabad |
Chennai |
Kolkata |
PAN INDIA |
|
Listed & Grade A |
24% |
66% |
53% |
45% |
38% |
58% |
41% |
45% |
|
Other Developers |
76% |
34% |
47% |
55% |
62% |
42% |
59% |
55% |
Source: ANAROCK Research & Advisory
"This
clearly highlights NCR homebuyers' rising prioritization of reliability and
brand equity. NCR market has undertaken a major flight to trust, where
historical delivery delays have now pushed most of the new supply into the
hands of institutional giants," says Puri.
Listed
developers' capitalizing on the surge in demand for ultra-luxury branded
residences in NCR is creating a steepening entry barrier for smaller players
who lack the liquidity and the ability to develop luxury developments.

