Summary:

From January 2022 to May 2025, about 4,70,000 residential plots for Rs. 2,40,000 crore (US$ 27.96 billion) were launched in 10 Tier-I and Tier-II Indian cities, including Hyderabad, Bengaluru, Indore, and Surat. This post-COVID boom is being driven by increased demand for customised living spaces and improved asset liquidity. Despite a 23% decline in yearly supply in 2024 and a resurgence in early 2025, developers choose plots for faster sales and lesser investment.

In 2024, the weighted average launch price of residential plots in 10 Indian cities increased by 27% to Rs. 3,679 (US $ 43) per sq. ft. Experts attribute this to a growing desire for ownership and personalisation. Stonecraft's Kirthi Chilukuri underlined increased customer interest in planned development, while eXp Realty's Sam Chopra described the 4,70,000 plot launches as a strong indication of shifting preferences for land over flats.

Source: IBEF (Link)

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