2.4 Trillion Worth of Housing Plots Launched in Last 3.5 Years: PropEquity
PropEquity, a real estate data analytics firm, reports that nearly 470,000 residential plots have been launched in 10 major cities between January 2022 and May 2025, driven by increased demand post-Covid.
Real EstateHousing PlotsPropequityResidential PlotsDemandReal Estate NewsJul 15, 2025
These cities include Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur, and Surat. Samir Jasuja, Founder and CEO of PropEquity, stated in a press release on Tuesday, “The estimated launch value of the residential plots in 10 tier I-II cities between 2022 and 2025 (May) is approximately ₹2.44 trillion.”
The demand for residential plots has surged in recent years, as this asset class is more liquid and has the potential for higher appreciation compared to apartments. Jasuja added that many prospective customers prefer plots as they offer the flexibility to customize their living space.
According to the data, the supply of residential plots in these 10 cities dropped by 23% annually in 2024 to 126,556 plots from 163,529 plots in the previous year. PropEquity reported that 45,591 residential plots have been launched during the first five months of 2025. For developers, plots generate quick cash flow because they involve faster sales and less upfront investment compared to apartments.
The weighted average launch price of residential plots in these 10 cities increased by 27% annually in 2024 to ₹3,679 per sq ft, which translates to ₹33,111 per square yard and ₹39,586 per square metre.
Commenting on the report, Kirthi Chilukuri, Founder and MD of Stonecraft Group, said, “The surge in plotted development across India's cities reflects a growing desire among people for ownership and personalisation.” Yashank Wason, Managing Director of Royal Green Realty, noted, “Indore's rise among the top three plotted development markets is a testament to its evolution into a dynamic real estate destination.” Sam Chopra, President and Country Head of eXp Realty India, added that the launch of 470,000 plots in these 10 cities in just over three years reflects a decisive shift in buyer behavior, from built-up units to land ownership.
Frequently Asked Questions
What is the total value of residential plots launched in the past 3.5 years?
The total value of residential plots launched in the past 3.5 years is approximately ₹2.44 trillion.
In which cities have these residential plots been launched?
The residential plots have been launched in Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur, and Surat.
Why is the demand for residential plots increasing?
The demand for residential plots is increasing because they are more liquid and have the potential for higher appreciation compared to apartments. Additionally, many buyers prefer plots for the flexibility to customize their living space.
How has the supply of residential plots changed in the past year?
The supply of residential plots in these 10 cities fell by 23% annually in 2024 to 126,556 plots from 163,529 plots in the previous year.
What is the weighted average launch price of residential plots in these cities?
The weighted average launch price of residential plots in these 10 cities increased by 27% annually in 2024 to ₹3,679 per sq ft, which translates to ₹33,111 per square yard and ₹39,586 per square metre.
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