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Tier 2 cities outpace metros in residential plot launches: PropEquity
The report stated that seven of the top 10 cities were tier 2, supplying around 243,000 residential plots and accounting for 52 per cent of the total supply. These cities include Indore, Nagpur, Jaipur, Coimbatore, Mysore, Raipur and Surat.
On the other hand, only three tier 1 cities — Hyderabad, Bengaluru and Chennai — made it to the top 10, supplying nearly 225,000 residential plots or 48 per cent of the supply share.
'Residential plots have emerged as a safe haven for investors looking at them for self-use or investment post-pandemic owing to their liquidity, faster appreciation and desire to customise their living space,' he added.
For developers, Jasuja said plots generate quicker cash flow as they involve faster sales and lower upfront investment compared to apartments.
The report further highlighted that in the first five months of 2025, developers launched 45,591 residential plots — 36 per cent of the supply seen in 2024 and 28 per cent of the supply in 2023.
In 2024, the supply of residential plots in the top 10 tier 1 and tier 2 cities fell 23 per cent year-on-year (YoY) to 126,556 plots from 163,529 plots in 2023. The weighted average launch price of residential plots in these cities rose 27 per cent YoY in 2024 to Rs 3,679 per square foot.
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