Delhi Land Deal Worth ₹1,530 Cr Boosts Bagmane’s Expansion Strategy Amid Rising Realty Demand

Bengaluru-based real estate developer Bagmane Group has finalized the acquisition of a 124,000-square metre railway land parcel in Sector 21, Dwarka, Delhi, for ₹1,530 crore, according to two individuals familiar with the matter. The Rail Land Development Authority (RLDA) had approved the group’s bid back in 2023, but the transaction was delayed due to the necessity of relocating trees from the site. Sources said Bagmane has now earmarked land in Delhi for this ecological relocation, allowing the deal to progress.

Residential-Commercial Split Adds Strategic Value

The newly acquired plot permits a 55% residential and 45% commercial mix, giving Bagmane flexibility to cater to both homebuyers and office space demand. The site also lies adjacent to a planned railway passenger terminal, which is expected to significantly boost foot traffic and business activity in the vicinity.

Land Rush Reflects Strong Demand and Developer Confidence

Delhi-NCR continues to witness strong investor interest across various real estate verticals, driven by record residential demand. The surge has prompted several marquee developers to actively acquire land across the region. In addition to residential, commercial, retail, warehousing, and logistics are fuelling land grabs in high-value zones across India.

Sector Sentiment Remains Strong: CBRE Weighs In

Anshuman Magazine, chairman and CEO of CBRE (India, Southeast Asia, Middle East, and Africa), stated that the transaction reflects intensifying investor confidence. He predicted this upward trend to persist through 2025, reinforcing India’s global reputation as a resilient and promising real estate market.

Bagmane’s REIT Aspirations Strengthen with Strategic Acquisitions

Known for its tech park developments and built-to-suit office campuses, Bagmane manages over 18 million sq. ft of operational assets, with another 10–15 million sq. ft in development. Already active in Bengaluru, Chennai, and Delhi-NCR, the firm appears to be building a diversified portfolio in preparation for a possible Real Estate Investment Trust (REIT) listing. In a related move earlier this year, Bagmane acquired Cognizant’s former Indian HQ in Chennai for ₹612 crore.

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