Plot Demand Surges: Homebuyers Shift from Flats to Custom Homes

• Homebuyers are increasingly preferring plotted developments over high-rise apartments, driven by changing preferences and urban expansion.
• A PropEquity report indicates 470,000 plots, valued at ₹2.4 lakh crore, launched in Tier-1 and Tier-2 cities in the last 3.5 years.
• Rising land prices, affordability, and new infrastructure projects are key factors boosting the popularity of plotted developments.
• Buyers seek more space, privacy, and design flexibility, which plots offer, especially in Tier-2 cities and city outskirts.
• The Dwarka Expressway corridor is emerging as a significant hub for plotted developments due to improved connectivity and infrastructure.