In a recent trend, real estate developers in India have a new investment of choice: plotted developments. These residential projects, essentially curated individual plots of land, offer unique advantages that have captured the attention of developers and investors. The limited availability of land and a growing population drive the belief that now is an opportune time to invest in land parcels. Within the luxury segment, high- and ultra-high-net-worth individuals are increasingly investing in weekend homes or private villas, built in the peripheries of cities. And so, plotted developments are rapidly expanding in the residential real estate sector.
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According to a recent report, cities such as Bengaluru, Chennai, Hyderabad and Gurugram saw a spike in the value of residential plots by double digits since the last few years. In the past three years, plotted developments have generated impressive returns, ranging from 13% to 21% per annum.
