Listed developers account for almost every second land deal in FY26: Anarock

India’s real estate sector continued to consolidate in FY26, with listed developers accounting for nearly half of all land transactions across the country, according to the latest Anarock Research data. 

A total of 111 land deals covering more than 2,994 acres were concluded nationwide during the fiscal year for various real estate developments. Of these, 54 deals spanning over 1,433 acres were executed by listed developers alone. 

“Our latest data shows that listed realty players spoke for an impressive 49% share of all land deals in FY2026,” said Anuj Puri, Chairman, Anarock Group. “This means that they drove close to one of every two land deals in this period.” 

The report showed that listed real estate companies accounted for 49% of all land deals in FY26, underscoring their growing dominance despite a moderation in the overall number of transactions. 

Godrej Properties tops land acquisitions 

Among listed players, Godrej Properties led the market with 17 deals covering 443.5 acres, followed by Brigade Group, which completed 8 deals across nearly 81 acres. 

Bengaluru emerged as the leading city for listed-player acquisitions, recording around 17 deals covering more than 293 acres in FY26. 

Pune saw eight land deals spanning about 78 acres while the Mumbai Metropolitan Region (MMR) followed closely with seven deals covering over 51 acres. 

Chennai and Hyderabad recorded five deals each, involving more than 74 acres and nearly 38 acres, respectively. NCR saw two deals for 18.6 acres while Kolkata recorded one five-acre transaction. 

Among tier-2 and tier-3 markets, Amritsar stood out with two deals covering a massive 520 acres. Other cities attracting listed developers included Vadodara, Nagpur, Panipat, Mysore, Raipur, and Coimbatore. 

Market share rises despite fewer deals 

Anarock noted that while total land transactions fell from 143 deals in FY25 to 111 in FY26, listed developers remained resilient. 

“Land acquisition is increasingly becoming both capital-intensive and regulation-driven in the last few years,” Puri said. “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.” 

He added that listed developers closed 54 land deals in FY26, only slightly lower than 57 deals in FY25, helping their market share rise from 40% in FY25 to 49% in FY26. The report also highlighted the growing role of listed and Grade A developers in residential launches. 

Across the top seven cities, their combined share in new housing supply stood at 45% in FY26, compared with 43% in FY25. 

In NCR, the shift was particularly sharp. Listed and Grade A developers accounted for 66% of total new housing supply in FY26, while smaller and unorganised players made up the remaining 34%. 

“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 said. 

Anarock said listed developers continue to pursue strategic land acquisitions, though future project launches may be calibrated amid global macroeconomic uncertainty and moderating housing sales. The report added that rising demand for ultra-luxury branded residences in NCR is also creating higher entry barriers for smaller developers lacking liquidity and execution capabilities.