Rs. 2,40,000 Crore Worth of Housing Plots Launched in Top Indian Cities
Real estate data analytics firm PropEquity reveals a significant surge in the launch of residential plots across 10 major Indian cities, driven by post-pandemic demand and the preference for custom living spaces.
Real EstateResidential PlotsMarket TrendsProperty PricesBuyer PreferenceReal Estate NewsJul 16, 2025
According to PropEquity Founder and CEO Mr. Samir Jasuja, many prospective customers prefer plots to customise their living spaces. In 2024, the supply of residential plots in these cities fell by 23% annually to 1,26,556 plots from 1,63,529 in the previous year. However, the first five months of 2025 saw the launch of 45,591 residential plots. For developers, plots offer quicker cash flow due to faster sales and lower upfront investment compared to apartments.
The weighted average launch price of residential plots in these 10 cities rose by 27% annually in 2024, reaching Rs. 3,679 (US$ 43) per sq. ft, equivalent to Rs. 33,111 (US$ 385) per square yard and Rs. 39,586 (US$ 461) per square metre. Industry experts have commented on the report, highlighting the growing desire for ownership and personalisation among buyers. Founder and MD of Stonecraft Group, Mr. Kirthi Chilukuri, noted that the surge in plotted development reflects this trend. Managing Director of Royal Green Realty, Mr. Yashank Wason, pointed out Indore's rise as a top plotted development market, showcasing its evolution into a dynamic real estate destination. President and Country Head of eXp Realty India, Mr. Sam Chopra, emphasised that the launch of 4,70,000 plots in just over three years indicates a significant shift in buyer behaviour towards land ownership.
Frequently Asked Questions
What is the total value of the residential plots launched between January 2022 and May 2025?
The total value of the residential plots launched between January 2022 and May 2025 is approximately Rs. 2,40,000 crore (US$ 27.96 billion).
Which cities have seen the launch of these residential plots?
The residential plots have been launched in 10 cities: Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur, and Surat.
What is the main reason for the surge in demand for residential plots post-COVID?
The main reason for the surge in demand for residential plots post-COVID is that plots are seen as a more liquid asset with higher appreciation potential compared to apartments, and many buyers prefer to customise their living spaces.
How has the supply of residential plots changed from 2023 to 2024?
The supply of residential plots fell by 23% annually in 2024, from 1,63,529 plots in 2023 to 1,26,556 plots in 2024.
What is the weighted average launch price of residential plots in 2024?
The weighted average launch price of residential plots in these 10 cities in 2024 was Rs. 3,679 (US$ 43) per sq. ft, equivalent to Rs. 33,111 (US$ 385) per square yard and Rs. 39,586 (US$ 461) per square metre.
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