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2w ago

Tier II Cities Drive Ongoing Growth in Residential Plot Launches

By May developers had unveiled 45,591 plots equal to over one-third of last year’s total to meet strong demand for flexible land investments.

Over 4.7 lakh residential plots across the top 10 Tier I and Tier II cities were launched by developers between 2022 and 2025 (May), with realtors in the top seven Tier II cities supplying 2.43 lakh residential plots. (Representational Image)
Residential Plots | Image: Republic
Image

Overview

  • Developers introduced 45,591 residential plots in Jan–May 2025, matching 36% of the total launched in 2024.
  • Tier II markets accounted for 52% of cumulative plot launches across the top 10 cities since 2022, highlighting decentralized expansion.
  • Buyers and investors have shifted toward land parcels for quicker price gains, greater liquidity and customization potential.
  • Despite a 23% drop in plot supply in 2024 to 126,556 units, average launch prices jumped 27% to Rs 3,679 per sq ft, signaling tight availability.
  • PropEquity values the cumulative plot launches at ₹2.44 lakh crore, underscoring the economic heft of the plotted-development segment.