Indian real estate firms recorded fewer deals involving large parcels in January-September 2026, as the area covered by all transactions dropped 56% from a year earlier, Anarock Research & Advisory said.
Anarock's figures put total activity at 76 deals spanning about 1,445 acres during the nine-month period, compared with 99 deals covering nearly 3,292 acres a year before. The transaction count declined about 23%, calculated from those totals. Acreage fell faster than the number of deals, and the count of transactions for the largest parcels also dropped.
Five transactions involved plots of at least 50 acres, covering 588 acres altogether. In the same period of 2025, Anarock counted 12 deals in that size range, spanning about 2,398 acres.
Landowner partnerships accounted for 19 of the 76 transactions, or 25%. Under a joint development agreement (JDA), a landowner and developer work together to build on a site without the developer first acquiring the property, Anarock said. Mayank Saksena, managing director and chief executive of Land Services at Anarock Group, said the results reflected more caution in acquisition choices as developers gave greater weight to project economics. Anarock also cited land costs and project viability as factors in that approach.
Anarock counted 10 JDA transactions in 2022 and 30 in 2025. JDAs represented about 12% of land deals in 2022, nearly 24% in 2025 and 25% during the first nine months of 2026.
