Hyderabad, Indore, and Bengaluru Lead Residential Plot Boom Since 2022
Hyderabad, Indore, and Bengaluru have emerged as the top cities for residential plot launches, marking a shift from apartments to plots. This trend is driven by higher investment returns, faster appreciation, and the flexibility to build custom homes.
Real EstateResidential PlotsProperty InvestmentUrban DevelopmentHousing MarketReal Estate NewsJul 15, 2025
In calendar year 2024 alone, Indore, Chennai, and Hyderabad topped the list, underlining a decisive shift in buyer and developer preference towards plotted developments over apartments.
Fuelled by the dual forces of investor appetite for appreciating assets and developers seeking faster monetization, the plotted development segment has gained remarkable traction post-pandemic. PropEquity’s data reveals that 4.7 lakh residential plots were launched across the top 10 tier I and tier II cities between 2022 and May 2025. Interestingly, tier II cities accounted for 52% of the supply (2.43 lakh plots), highlighting the decentralized growth of India’s housing market.
“Residential plots have become a post-COVID safe haven for buyers and investors alike—offering liquidity, quicker price appreciation, and the freedom to build customised homes,” said Samir Jasuja, Founder and CEO, PropEquity.
Why plots are the new flavour of real estate?
In a real estate market that has traditionally been apartment-heavy, plots are now emerging as the frontrunners, driven by a clear set of advantages:
- Higher investment returns and faster appreciation in land values
- Lower upfront investment for developers compared to high-rise projects
- Quick cash flows due to faster sales cycles
- Flexibility and control for end-users to construct homes as per personal preference
For many homebuyers—especially those looking beyond metros—owning land represents not just a housing solution but an aspirational milestone. With land being a limited resource, it is increasingly seen as a long-term wealth creator, especially in rapidly urbanising pockets.
Key findings:
- Hyderabad, Bengaluru, and Chennai were the only tier I cities among the top 10, jointly contributing 48% (2.25 lakh plots) of the total supply.
- Top 10 cities (2022–May 2025): Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur, and Surat.
- In Jan–May 2025, 45,591 residential plots were launched—36% of CY 2024’s supply, indicating sustained momentum.
Supply-price dynamics
Despite strong demand, residential plot supply in the top 10 cities dipped 23% YoY in 2024 to 1,26,556 plots, after growing 24% YoY in 2023. However, the price of new launches surged 27% YoY in 2024 to ₹3,679 per sq. ft., or ₹33,111 per sq. yard, reflecting robust investor confidence.
Three cities saw an increase in supply in 2024:
- Coimbatore (+40%)
- Chennai (+27%)
- Surat (+2%)
In volume terms, Indore led the supply charts in 2024 with 26,538 plots, followed by Chennai and Hyderabad.
“With a softening in demand for apartments, floors, and villas in early 2025, we expect plotted developments to dominate future launches—especially in southern metros and rising tier II hubs like Indore, Coimbatore, Raipur, and Mysore,” Jasuja noted.
₹2.44 lakh crore market opportunity
PropEquity estimates the cumulative launch value of plots across top 10 cities since 2022 at ₹2.44 lakh crore, underscoring the scale and significance of this trend.
PropEquity, claims to be India’s largest real estate data and analytics platform, tracking over 1.7 lakh projects across 44 cities with 17+ years of catalogued data. The platform adds about 700 projects monthly and serves as a premium business intelligence tool in the realty sector.
More data:
| Location | 2023 | 2024 | % change |
|-------------|--------|--------|----------|
| Hyderabad | 44,974 | 20,902 | -54% |
| Indore | 31,514 | 26,538 | -16% |
| Bengaluru | 22,503 | 16,919 | -25% |
| Chennai | 17,848 | 22,745 | 27% |
| Nagpur | 14,447 | 11,326 | -22% |
| Jaipur | 11,181 | 9,080 | -19% |
| Coimbatore | 5,879 | 8,238 | 40% |
| Mysore | 5,755 | 3,130 | -46% |
| Raipur | 5,316 | 3,481 | -35% |
| Surat | 4,112 | 4,197 | 2% |
| Total | 1,63,529 | 1,26,556 | -23% |
Frequently Asked Questions
Which cities are leading the residential plot launches?
Hyderabad, Indore, and Bengaluru are the top three cities leading residential plot launches between 2022 and May 2025.
What are the key advantages of residential plots over apartments?
Residential plots offer higher investment returns, faster appreciation in land values, lower upfront investment for developers, quick cash flows, and the flexibility to build custom homes.
How has the supply of residential plots changed in 2024 compared to 2023?
Residential plot supply in the top 10 cities dipped 23% YoY in 2024 to 1,26,556 plots, after growing 24% YoY in 2023.
Which tier II cities are showing significant growth in residential plot launches?
Coimbatore, Chennai, and Surat are the tier II cities showing significant growth in residential plot launches in 2024.
What is the cumulative launch value of plots across the top 10 cities since 2022?
The cumulative launch value of plots across the top 10 cities since 2022 is estimated at ₹2.44 lakh crore.
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