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Zomato founder Deepinder Goyal was the buyer in Delhi’s biggest land deal last year
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
Goyal spent ₹79 crore to buy a five-acre property at Dera Mandi in Delhi between January and March 2024. This was the only big land deal in Delhi. All other large land deals were in Gurugram and Noida.
There were 29 land deals in the National Capital Region (NCR), which includes New Delhi and areas around it like Gurugram and Noida, in the last financial year ending March 2024.
Most of the land deals (22 out of the 29) were in Gurugram. There was only one large land deal Delhi and the buyer was none other than Deepinder Goyal. the founder of ₹1.6 lakh crore ($20 billion) food delivery giant, Zomato.
Goyal spent ₹79 crore to buy a five-acre property at Dera Mandi in Delhi between January and March 2024.
Most other names in the list of top land buyers — 25 out of 29 deals — in and around Delhi included real estate developers who will eventually build residential societies on these properties.
Earlier in 2023, Mumbai-based Godrej Properties, the $8 billion developer listed on the stock exchanges, paid ₹900 crore for a 7.91 acres of land on Golf Course Road in Gurugram.
Aside from the parcel on Golf Course Road, Godrej Properties also struck two other deals for properties in Gurugram and Noida. The total value of all the land bought by the company last year was ₹1,803 crore.
DLF Homes Developers signed a deal to buy 29 acres of land at Golf Course Ext Road in Gurugram for ₹825 crore in the last quarter of FY24.
314 acres of land were bought and sold in these deals, compared to 23 deals covering 273.9 acres a year earlier, data from Anarock, a real estate consulting firm, showed.
Experion Developers signed four deals to buy land in Gurugram and Noida with a combined value of ₹1,650 crore.
Interestingly, online gaming company Gameskraft Technologies Private Ltd signed a deal to buy 8.61 acres of land for ₹90 crore in Balola village in Gurugram for “educational purpose”.
These are some interesting facts about the land deals in NCR in the financial year ending March 2024:
208.2 acres of land were bought and sold in Gurugram in 22 deals
20 out of these 22 land deals in Gurugram were exclusively for residential development.
At least two land deals, spanning over 7 acres each, were planned specifically for commercial real estate projects.
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