New Delhi, July 16 -- Bengaluru: While home sales continue to be dominated by top-tier metros, smaller cities are seeing a surge in land transactions driven by plotted developments, warehousing, and data centres.

This uptick in activity, both via outright acquisitions and joint development agreements, is being fuelled by two parallel trends: large developers diversifying into emerging markets, and regional players expanding operations.

Tier 2 and 3 cities such as Sanand, Indore, Ahmedabad, Amritsar, Coimbatore, and Mysuru, among others, have seen a notable rise in land deals this year.

Land deals gained momentum post-pandemic, mainly led by the residential sales boom in major cities. Over time, developers began eyeing smaller markets f...