Bengaluru leads demand for plotted developments among first-time investors

Bengaluru is emerging as a top destination for first-time investors in plotted developments, driven by strong appreciation potential and long-term capital growth. A recent Magicbricks survey of 2,200 homebuyers found that 58% preferred land investments, with Bengaluru leading demand at 36.5%, followed by Chennai (11.0%) and Lucknow (8.9%) in Q4 2024.

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The survey highlights a growing preference for mid-sized plots, with 46.76% of buyers opting for parcels between 1,000-2,000 sq. ft. Additionally, 50.83% of investors sought plots priced under ₹50 lakh, reinforcing the appeal of budget-friendly land investments. Experts attribute this trend to affordability, flexibility in development, and the potential for significant returns.

Bengaluru’s plotted development sector continues to thrive, with emerging localities witnessing increased demand due to infrastructure improvements and connectivity enhancements. Meanwhile, Hyderabad recorded an average plot price of ₹2,765 per sq. ft., with Shadnagar and Kadthal gaining popularity. Chennai and Lucknow have also become attractive investment hubs, with average plot prices at ₹3,208 per sq. ft. and ₹2,836 per sq. ft., respectively.

With affordability and growth potential driving demand, Bengaluru remains a prime market for first-time investors seeking land investments.