MAJOR LAND

TRANSACTIONS
OF NCR
JAN- JUNE 2024
INDEX
 INDEX

Note : The transactions detail captured in the Report are on the best effort basis on the secondary research. “C&WI has not verified the same from any government resources”.
 RESIDENTIAL
LAND
TRANSACTION IN
GURUGRAM
MAJOR LAND TRANSACTION – SECTOR 31, GURUGRAM

Transaction Overview
Legend
Particulars Details

48
y
wa
JDA – Party 1 Birla Estates Private Ltd (Developer)

ad
Raheja

igh

Ro
Atlantis

lH
JDA – Party 2 Barmalt India Private Ltd (Landlord)

A
Society J DA Tr ans ac tion

na

32
tio
Between Bir la

or
Date of Transaction June 2024

Na

ct
Es tates and Bar malt

Se
Land Area ~13.275 Acres India

Sh
ah
Topline Share : 42% of saleable area

id
Deal Structure and

M
aj
Adjustable refundable deposit of ~285Cr

or
Vi
O ther Key

k
as
Location Sector 31, Gurugram Dev elopments

Ya
d
av
Shahid Major Vikas Yadav Marg via Internal

M
ar
Accessibility road

g
Major Roads
Google Location Google Link Note : The above highlighted portion is just an idea of the location of the land. Image Source – Google Earth

Usage/ Zoning Residential (Group Housing/Plotted)

Current FAR: 1.75

Development Licensed TDR: 1.25
Total FAR: 3.0

Transaction Price NA

Residential
Proposed Development
(with development potential of 2.4 msf)

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 36A, GURUGRAM

Transaction Overview
Legend
Particulars Details

Dwark
Lotus
Buyer Krisumi Developer Greens
Signature

aE
Global Proxima

xpress
Seller Individual (Farmer)
Land Parc el
Date of Transaction May 2024 pur c has ed by

way
M3M Smart
World Krisumi

Sec
Land Area ~8 Acres Dev eloper

tor
88-
Deal Value ~INR 200 Cr.

89 R
Dw

oad
ark
Location Sector 36A, Gurugram d aE AVL O ther Key
oa xp
86R res
sw
Apartment Dev elopments
r
Land Locked (But Adjacent to Buyer Land c to ay
Accessibility Se
Parcel/)
The
Google Location Google Link Coralwood
Major Roads
Usage/ Zoning Non-Licensed (R Zone) Note : The above highlighted portion is just an idea of the location of the land. Image Source – Google Earth

Development Potential 3.5 Proposed FSI

Transaction Price ~ INR 25 Cr per acre

Buyer ’s other
Proposed Development Residential land par c el

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 37D, GURUGRAM

Transaction Overview
The Esplanade Legend
Particulars Details Mall
The Signature
Buyer Signature Global Advanced Super

Seller Suraksha ARC

ay
ILD Greens Land Parc el

es s w
Date of Transaction May 2024 Society pur c has ed by
Ramprastha The

Expr
Edge Towers Signatur e G lobal
Land Area ~14.65 Acres

ka
Dwar
Deal Value ~INR 322 Cr. 2W
-35
NH
Signature Global
Location Sector 37D, Gurugram City 37D O ther Key
Dev elopments
Accessibility 24 Meter Sector Road

Google Location Google Link

Usage/ Zoning Non-License Residential (Agriculture) Major Roads

Note : The above highlighted portion is just an idea of the location of the land. Image Source – Google Earth
Development Potential 1.75 Proposed FSI

Transaction Price ~ INR 22 Cr per acre

Proposed Development Residential

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 78, GURUGRAM

Transaction Overview DLF Primus Garden Emaar Palm Heights

Legend
Particulars Details

48
H-
Buyer Suncity Developer

N
Seller Multiple Individuals Oriris Gateway
Land Parc el
Date of Transaction April 2024 pur c has ed by
Winter Hill Apartments
Sunc ity
Land Area ~16 Acres
-48
NH
Deal Value ~INR 352 Cr.

Location Sector 78, Gurugram O ther Key

In
ter Dev elopments
Internal village road connecting NH -48 na
Accessibility lV
towards north illa
ge
R oa
Google Location Google Link d
Major Roads
Usage/ Zoning Agriculture/ R Zone Image Source – Google Earth
Note : The above highlighted portion is just an idea of the location of the land.

Development Potential 1.75 Proposed FSI

Transaction Price ~ INR 22 Cr per acre

Proposed Development Residential

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 36A, GURUGRAM

Transaction Overview
Legend
Particulars Details

Dwark
Lotus
JDA – Party 1 Max Estates (Developer) Greens
Signature

aE
Global Proxima

xpress
JDA – Party 2 Krisumi Developer (Landlord)
J DA Tr ans ac tion
Date of Transaction April 2024 Between Max

way
M3M Smart
World Es tates and Kr is umi

Sec
Land Area ~18.23 Acres Dev eloper

tor
88-
Landlord Share : 40% of saleable area

89 R
Deal Structure and
Dw
Adjustable refundable deposit of ~200Cr

oad
ark
d aE AVL O ther Key
oa xp
Location Sector 36A, Gurugram 86R res
sw
Apartment Dev elopments
r
c to ay
Se
Via Dwarka Expressway
Accessibility (90m wide road with 30m wide green belt on The
Coralwood
both sides) Major Roads
Google Location Google Link Note : The above highlighted portion is just an idea of the location of the land. Image Source – Google Earth

Usage/ Zoning Residential (Group Housing/Plotted)

Development Licensed Current FAR: 3.5

Transaction Price NA

Residential
Proposed Development
(with development potential of 4 msf)

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 63A, GURUGRAM

Transaction Overview
Adani Realty, Legend

Senapa
ad Miracle Mile
Particulars Details s Ro
a i dawa Gurgaon
M

ti Prata
JDA – Party 1 Laksh Bhatia & Sangeeta Bhatia (Landlord) Ireo Skyon

JDA – Party 2 Conscient Elevate (Developer)

prao G
J DA Tr ans ac tion
Anantraj
Date of Transaction NA Between Lak s h
Estates

u
Bhatia & Sangeeta

rjar Ma
Land Area ~10.90 Acres Proposed 24 Sector Road Bhatia and Cons c ient
Elev ate

rj
Landlord Share : 32% of saleable area (~0.43 msf)
Deal Structure and
Adjustable refundable deposit of ~240Cr
Signature
Global Prime O ther Key
Location Sector 63A, Gurugram
Dev elopments
Accessibility 24 meter Sector Road
Anantraj
Google Location Google Link Estate Plots
Major Roads
Usage/ Zoning Residential (Group Housing) Note : The above highlighted portion is just an idea of the location of the land. Image Source – Google Earth

Development Licensed Current FAR: 1.75

Transaction Price NA

Proposed Development Residential (With development of 2 msf)

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 63A, GURUGRAM

Transaction Overview Good Earth

Bunsiess Bay II Legend
Particulars Details

JDA – Party 1 Sobha Developers Magnun Towers oad

w Dr R
vi e
JDA – Party 2 GLS Infra Arch TATA Intelion Park
Ireo Business Park J DA Tr ans ac tion
Date of Transaction March 2024 Between Sobha
60-M wide Internal Road Dev elopers and
Land Area ~13.08 Acres G LS infr a

Sobha Developers (58% of the saleable

area)
Deal Structure
GLS Infra (42% of the saleable area)
Adjustable Security of ~INR 125 Cr O ther Key
Dev elopments
Location Sector 63A, Gurugram

Accessibility 60-meter-wide internal road

Google Location Google Link Major Roads

Note : The above highlighted portion is just an idea of the location of the land. Image Source – Google Earth
Usage/ Zoning Residential

Development Licensed Licensed For DDJAY- APHP

Transaction Price N.A

Proposed Development Residential

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 46, GURUGRAM

Transaction Overview
Urban Legend
Particulars Details Estate

g
ar
Buyer Kanodia Group

M
s h
ha
Seller HSVP

ub
iS
Land Parc el

aj
et
Date of Transaction March 2024 pur c has ed by

N
CH
Ba
kt
Kanodia G r oup
Land Area ~1.73 Acres aw
ar
Si

S ohn
ng
Deal Value ~INR 154 Cr. h
Mdeanta Ro
ad

a–G
Hospital
Location Sector 46, Gurugram O ther Key

urgao
Sector 46 Dev elopments

g
n
Accessibility 30-meter-wide Netaji Subhash Marg Road

ar
Marg

M
s
ka
Google Location Google Link JMD Gardens

Vi
Usage/ Zoning Residential Major Roads
Note : The above highlighted portion is just an idea of the location of the land. Image Source – Google Earth
Development Potential 3.5 FSI

Transaction Price ~ INR 5,800 per sq.ft. of FSI Area

Proposed Development Residential

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 80, GURUGRAM

Transaction Overview
Legend
Particulars Details

Naur
Buyer Trehan Developers

angp
ur
Seller HSIIDC (through Auction)

Road
Land Parc el
Date of Transaction February 2024 pur c has ed by
Suprema at Godrej Tr ehan
Land Area ~2.53 Acres

ST Basera Tower
Deal Value ~INR 102 Cr

Location Sector 80, Gurugram M3M Antalya Hills O ther Key

Internal Road
Dev elopments
24-meter-wide internal road connecting
Accessibility
Naurangpur Road in the east

Google Location Google Link

Major Roads
Usage/ Zoning Residential Image Source – Google Earth
Note : The above highlighted portion is just an idea of the location of the land.

Development Potential FSI 1.75

Transaction Price at 1.75 FSI ~ INR 5,340 per sq.ft. of FSI Area

Proposed Development Residential

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 80, GURUGRAM

Transaction Overview
Legend
Particulars Details

Naur
Buyer Trehan Developers

angp
ur
Seller HSIIDC (through Auction)

Road
Land Parc el
Date of Transaction February 2024 pur c has ed by
Suprema at Godrej Tr ehan
Land Area ~2.53 Acres

ST Basera Tower
Deal Value ~INR 90 Cr.

Location Sector 80, Gurugram M3M Antalya Hills O ther Key

Internal Road
Dev elopments
24-meter-wide internal road connecting
Accessibility
Naurangpur Road in the east

Google Location Google Link

Major Roads
Usage/ Zoning Residential Image Source – Google Earth
Note : The above highlighted portion is just an idea of the location of the land.

Development Potential FSI 1.75

Transaction Price at 1.75 FSI ~ INR 5,280 per sq.ft. of FSI Area

Proposed Development Residential

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 80, GURUGRAM

Transaction Overview
Legend
Particulars Details

Naur
Buyer Eldeco Developers

angp
ur
Seller HSIIDC (through Auction)

Road
Land Parc el
Date of Transaction February 2024 pur c has ed by
Suprema at Godrej Eldeco
Land Area ~2.70 Acres

ST Basera Tower
Deal Value ~INR 109 Cr.

Location Sector 80, Gurugram M3M Antalya Hills O ther Key

Internal Road
Dev elopments
24-meter-wide internal road connecting
Accessibility
Naurangpur Road in the east

Google Location Google Link

Major Roads
Usage/ Zoning Residential Image Source – Google Earth
Note : The above highlighted portion is just an idea of the location of the land.

Development Potential FSI 1.75

Transaction Price at 1.75 FSI ~ INR 4,950 per sq.ft. of FSI Area

Proposed Development Residential

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 80, GURUGRAM

Transaction Overview
Legend
Particulars Details

Naur
Buyer Conscient Developers

angp
ur
Seller HSIIDC (through Auction)

Road
Land Parc el
Date of Transaction February 2024 pur c has ed by
Suprema at Godrej Cons c ient
Land Area ~5.56 Acres

ST Basera Tower
Deal Value ~INR 214 Cr.

Location Sector 80, Gurugram M3M Antalya Hills O ther Key

Internal Road
Dev elopments
3 side open plot with 18-meter-wide road in
Accessibility the west , 24-meter-wide in the south and 60-
meter-wide in the East

Google Location Google Link Major Roads

Note : The above highlighted portion is just an idea of the location of the land. Image Source – Google Earth
Usage/ Zoning Residential

Development Potential FSI 1.75

Transaction Price at 1.75 FSI ~ INR 5,050 per sq.ft. of FSI Area

Proposed Development Residential

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 71, GURUGRAM

Transaction Overview
Legend
Particulars Details

Buyer Signature Global

Seller Vipul
Land Parc el
Date of Transaction February 2024 pur c has ed by
Signatur e G lobal
Land Area ~25.75 Acres
NH 248A

Deal Value -

Location Sector 71, Gurugram O ther Key

Intelllion Edge
Dev elopments
Accessibility N.A

Google Location N.A Southern Peripheral road

Usage/ Zoning Residential (Licensed For Regular GH) Major Roads

Current FAR: 1.75

Development Potential
Proposed FAR: 3.5
Image Source – Google Earth
Transaction Price per acre -
Note : The exact location of the property is not available.

Proposed Development Group Housing

Proposed Development Sale

Revenue Model (Revenue Potential of INR 4,500 Cr)
MAJOR LAND TRANSACTION – SECTOR 61, GURUGRAM

Transaction Overview
Legend
Particulars Details Golf Course
Road
Buyer DLF

Standard Chartered Bank (Lender) ;

Seller
IREO (Owner) Land Parc el
Extension Road
Date of Transaction January 2024 Golf Course pur c has ed by
DLF
Land Area ~29 Acres

Vatika City
Internal Road (D
Deal Value ~INR 1,600 Cr. as in where basis (1.75 FAR)
Pioneer Square
Magnum Towers
~INR 825 Cr to StanC in form of bonds O ther Key

CRPF Road
Deal Structuring:
Balance - will be paid to IREO. Dev elopments

ay
Location Sector 61, Gurugram

ma Road)
60-meter-wide internal road connecting Golf Smartworld Orchad
Accessibility Major Roads
Course Extension Road in the north

Google Location Google Link

Image Source – Google Earth
Usage/ Zoning Residential
Note : The above highlighted portion is just an idea of the location of the land.
Current FAR: 1.75
Development Potential
Proposed FAR: 3.5

Transaction Price per Acre ~INR 55 Cr.

Proposed Development Residential

Proposed Development
Sale
Revenue Model
 RESIDENTIAL
LAND
TRANSACTION IN
NOIDA
MAJOR LAND TRANSACTION – SECTOR 44, NOIDA

Transaction Overview
Legend
Particulars Details

Buyer Godrej Properties

Seller Noida Authority

Land Parc el
Date of Transaction February 2024 pur c has ed by
D
el
G odrej
Land Area ~6.4 Acres hi Properties
-N
oi
d a
Ex Sector 44
Deal Value ~ INR 506 Cr pr
es
s w
ay
Location Sector 44, Noida O ther Key
Dev elopments
Internal Road
Accessibility
(Further connects to Amraplai Road)

Google Location Google Link Amity University Noida

Major Roads
Usage/ Zoning Residential

Development Potential N.A

Image Source – Google Earth
Transaction Price N.A
Note : The exact location of the property is not available.

Proposed Development Group Housing

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – SECTOR 129, NOIDA

Transaction Overview
Legend
Particulars Details
Grand Omaxe
Greenwich
Buyer Gulshan

No
Sa
Seller SBI

rd

ida-
ar

Gr
Land Parc el

Va

ea
Date of Transaction January 2024

lla
pur c has ed by

te
bh

rN
Bh
G uls han

o id
ai
Land Area ~2.56 Acres re

a
P
ua

at

Ex
d
q
xS

oa

el

pr
Ma

Ro
R

es
Deal Value ~INR 150 Cr. Panchsheel Balak

al

ad

was
rn
Inter College

te

yR
In

oa
n
Location Plot No. C3D, Sector 129 Noida O ther Key

tow

d
is h
Dev elopments

W
Sardar Vallabh Bhai Patel Road connecting
Accessibility

ee
Noida-Greater Noida Expressway

yp
Ja
Google Location Google Link IOCL Klassic Heights
Major Roads
Usage/ Zoning Residential

Development Potential FSI 4

Image Source – Google Earth
Transaction Price at 4 FSI ~ INR 3,360 per sq.ft. of FSI Area
Note : The above highlighted portion is just an idea of the location of the land.

Proposed Development Residential

Proposed Development
Sale
Revenue Model
 RESIDENTIAL
LAND
TRANSACTION IN
NEW DELHI
MAJOR LAND TRANSACTION – SECTOR 17, DWARKA

Transaction Overview
Legend
Particulars Details
Vegas Mall
Buyer Eldeco Properties

Seller DDA
Land Parc el
Date of Transaction March 2024 pur c has ed by

Glof Course Road

Eldeco
Land Area ~1.92 Acres Properties

Deal Value ~ INR 180 Cr

University School Of Sarvhit Apartment
Location Sector 17, Dwarka Information O ther Key
Dev elopments
Internal Road
Accessibility
(Further connects to Golf Course Road)

Google Location Google Link

Major Roads
Usage/ Zoning Residential

Development Potential 2
Image Source – Google Earth
Transaction Price ~ INR 10,760 per sq.ft. of FSI Area
Note : The exact location of the property is not available.

Proposed Development Group Housing

Proposed Development
Sale
Revenue Model
 OTHER
TRANSACTION IN
NCR
MAJOR LAND TRANSACTION – SIDDHARTH VIHAR,
GHAZIABAD
Transaction Overview
Legend
Particulars Details
Sewa Nagar
Buyer Prestige Group
ad
Seller Subhash Gulati Group t Ro
ru
ee Land Parc el
M
Date of Transaction March 2024 pur c has ed by
Gra
nd T
runk Pres tige G r oup
Sanjay Colony Roa
Land Area ~62.5 Acres d

Deal Value ~INR 468 Cr.

Location Siddharth vihar, Ghaziabad O ther Key

Mewar Group Dev elopments
Accessibility GT Road Of Institutions
ad
n Ro
Google Location Google Link s io
x ten
rE Major Roads
Usage/ Zoning Residential ga
j Na
Ra SGS City Ghaziabad
Development Potential FSI 2.5 (Extended up to 4 FSI)
Image Source – Google Earth
Transaction Price per Acre ~INR 7.4 Cr.
Note : The above highlighted portion is just an idea of the location of the land.
Proposed Development Residential

Proposed Development
Sale
Revenue Model
MAJOR LAND TRANSACTION – FARUKHNAGAR

Transaction Overview
Legend
Particulars Details
All Cargo Logistics
Buyer Maple Tree
Minda Warehouse
Seller Welspun Grofers Farukhnagar
Land Parc el
Date of Transaction March 2024
pur c has ed by
Land Area ~8 Acres
Maple Tree

oad
Gu
rug

Fatehpur R
Deal Value ~INR 468 Cr. ram
Ro
ad

Location Farukhnagar O ther Key

Dev elopments
Accessibility Gurugram Road

Google Location Google Link

Usage/ Zoning Residential Major Roads

Development Potential FSI 2.5 (Extended up to 4 FSI)

Image Source – Google Earth
Transaction Price per Acre ~INR 7.4 Cr.
Note : The above highlighted portion is just an idea of the location of the land.
Proposed Development Warehouse

Proposed Development
Sale
Revenue Model
Annexure I – Gurugram - Cost Breakup of additional FSI
Conversion Charges License Fee
Cost Breakup of purchasable FSI under TOD

Particular INR INR

1,470 INR 5,948,840

Conversion charges
(INR per sq. mtr.) per Acre

License Fee 34,000,000 34,000,000

EDC (INR per gross acre) 48,613,000 48,613,000

Scrutiny Fee
10 70,820
(INR per sq. mtr. of FSI)

EDC Charges
IDC
1,000 7,081,953
(INR per sq. mtr. of FSI)

Augmentation Charges INR 12,140,490

3,000
(INR per sq. mtr.) per Acre

Total Cost of purchasing TOD FSI

107,855,102
(INR per acre)
Annexure I – Gurugram - Cost Breakup of additional FSI

Scrutiny Fee

IDC Charges

Augmentation Charges
The Team

SAKSHI SIKRI, MRICS AILUSH SARASWAT

SENIOR DIRECTOR SENIOR ASSOCIATE DIRECTOR
Sakshi.Sikri@cushwake.com Ailush.Saraswat@cushwake.com
+91-9811228885 +91-986772643
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