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MMR Leads India's Real Estate Land Rush With Record Deals in 2024

March 13, 2025

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Hindustan Times Thane

Biggest surge in three years

- Ateeq Shaikh

MUMBAI: The Mumbai Metropolitan Region (MMR) witnessed a surge in land acquisitions in 2024, with developers securing approximately 407 acres across 19 transactions—the highest in the last three years. This uptick is part of a broader nationwide trend, where land acquisitions soared by 41% from the previous year's 288.9 acres, (SEE BOX) according to a report by global real estate consultancy JLL India released on Wednesday.

The most significant deals in MMR included large single-plot acquisitions of 50 acres or more in emerging micro-markets like Khalapur, Palghar, and Khopoli. Alongside the increased volume of transactions, the per-acre cost of land in the region also climbed sharply, rising from approximately ₹11 crore in 2022 to ₹17 crore in 2024.

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