A total of 97 land deals covering 2,707 acres were closed across India in 2023, up from 82 deals covering 2,508 acres the previous year. Around 72% of the land is expected to be used for residential development. Ahmedabad saw the largest land transaction and the highest land area transacted, while Bengaluru and the Mumbai Metropolitan Region (MMR) also had significant activity. Tier 2 and 3 cities also saw several land deals closed for various development purposes.

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