Mumbai: India’s real estate landscape is undergoing a structural shift, with listed developers strengthening their dominance in land acquisitions across the country.
According to ANAROCK Research, listed developers accounted for nearly half of all land deals in FY 2026, highlighting their growing influence amid a moderating transaction environment.
A total of 111 land deals spanning over 2,994 acres were recorded across India in FY 2026. Of these, listed developers executed 54 deals covering more than 1,433 acres, translating to a 49% share of total deals and 48% share of transacted land area.
This indicates that nearly every second deal during the fiscal year involved listed developers, underscoring their strong market positioning.
“Our latest data shows that listed realty players spoke for an impressive 49% share of all land deals in FY 2026,” said 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.”
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Bengaluru Leads as Key Hub for Listed Developers
Among cities, Bengaluru emerged as the most active market for listed developers, recording 17 land deals spanning over 293 acres. Pune followed with 8 deals covering approximately 78 acres, while the Mumbai Metropolitan Region (MMR) registered 7 deals for more than 51 acres.
Chennai and Hyderabad each witnessed 5 land deals by listed developers, accounting for over 74 acres and around 38 acres, respectively. The National Capital Region (NCR) saw 2 deals concentrated in Gurugram, while Kolkata recorded a single transaction.
Notably, listed developers also expanded their footprint in Tier 2 and Tier 3 cities such as Vadodara, Amritsar, Nagpur, Panipat, Mysore, Raipur, and Coimbatore. Amritsar stood out with two large deals totaling approximately 520 acres.
Top Developers Drive Strategic Acquisitions
Among the leading players, Godrej Properties led the activity with 17 deals covering 443.5 acres, followed by Brigade Group with 8 deals spanning nearly 81 acres.
The aggressive land acquisition strategies of these listed developers reflect their long-term confidence in India’s residential real estate market.
“Land acquisition is increasingly becoming both capital-intensive and regulation-driven in the last few years,” said 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 a decline in overall deal volumes, listed developers maintained strong momentum, closing 54 deals in FY 2026 compared to 57 deals in the previous fiscal year. Their market share rose significantly from 40% in FY 2025 to 49% in FY 2026.
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Listed Developers Strengthen Grip on Housing Supply
The growing dominance of listed developers extends beyond land acquisition into housing supply. In FY 2026, listed and Grade A developers accounted for 45% of the total new housing supply across the top 7 cities, up from 43% in FY 2025.
NCR emerged as the frontrunner, where listed developers and Grade A companies contributed a massive 66% share of total new housing supply. This shift highlights increasing homebuyer preference for trusted and established brands.
“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,” Puri added.
Rising Entry Barriers for Smaller Developers
The expanding footprint of listed developers is also reshaping competitive dynamics. Their focus on premium and ultra-luxury housing—particularly in NCR—is creating higher entry barriers for smaller and unorganized developers, who often lack access to capital and the capability to execute large-scale luxury projects.
As global macroeconomic uncertainties and moderating housing sales persist, listed developers are expected to adopt a calibrated approach toward new project launches.
However, their strong balance sheets and continued land banking activity position them to lead the next phase of real estate growth in India.
