High Demand Fuels Launch of Rs 2.44 Lakh Crore Housing Plots in Top Indian Cities
Post-Covid, housing plots worth Rs 2.44 lakh crore have been launched in India's top cities, driven by high demand. PropEquity data reveals market trends and buyer preferences.
Housing PlotsReal EstatePropequityIndian CitiesPostcovidReal Estate NewsJul 15, 2025
These cities, which include Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur, and Surat, have experienced a notable increase in demand for residential plots. PropEquity's Founder and CEO, Samir Jasuja, stated, “The estimated launch value of the residential plots in these 10 tier I-II cities between 2022 and 2025 (May) is approximately Rs 2.44 lakh crore.”
The demand for residential plots has risen in recent years due to their liquidity and potential for higher appreciation compared to apartments. Many prospective customers prefer plots as they offer the flexibility to customize their living space. “The demand for residential plots has risen in the past few years as this asset class is more liquid with potential of higher appreciation than apartments,” Jasuja added.
Despite the high demand, the supply of residential plots in these 10 cities has seen a 23% annual decline in 2024, with 1,26,556 plots launched compared to 1,63,529 plots in the preceding year. However, PropEquity noted that 45,591 residential plots have been launched during the first five months of 2025, indicating a continued interest in this asset class.
For developers, plots generate quick cash flow as they involve faster sales and less upfront investment compared to apartments. “For developers, plots generate quick cash flow as they involve faster sales and less upfront investment as compared to apartments,” PropEquity explained.
The weighted average launch price of residential plots in these 10 cities also saw a 27% annual increase in 2024, rising to Rs 3,679 per sq ft, which translates to Rs 33,111 per square yard and Rs 39,586 per square metre.
Industry experts have also commented on the trend. 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, “The launch of 4.7 lakh plots in these 10 cities in just over three years reflects a decisive shift in buyer behaviour, from built-up units to land ownership.”
This trend highlights the changing preferences of Indian homebuyers and the adaptability of the real estate market to meet these new demands. As the market continues to evolve, the launch of residential plots is expected to remain a significant segment of the real estate industry.
Frequently Asked Questions
What is the total value of housing plots launched in the past three and a half years?
Housing plots worth Rs 2.44 lakh crore have been launched in the past three and a half years.
Which cities have seen a significant increase in the launch of residential plots?
The cities that have seen a significant increase in the launch of residential plots include Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur, and Surat.
Why is there a high demand for residential plots?
The demand for residential plots has risen due to their liquidity, potential for higher appreciation, and the flexibility they offer for customizing living spaces.
How has the supply of residential plots changed in recent years?
The supply of residential plots in these 10 cities has fallen by 23% annually in 2024, with 1,26,556 plots launched compared to 1,63,529 plots in the preceding year.
What are the benefits of residential plots for developers?
For developers, residential plots generate quick cash flow as they involve faster sales and less upfront investment compared to apartments.
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