Real estate plot: Developers are moving beyond metros to build on a new property demand trend

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• Subscribe now BENGALURU: Real estate developers are launching plotted projects in new locations beyond the metros as demand and prices soar, signalling a new demand trend in the property market.
• Plotted projects and villa developments are emerging as a lucrative business opportunity, prompting more developers to explore this new market.
• A number of such projects are set to be launched in Mangaluru, Indore, Nagpur, Prayagraj, Amritsar, Kochi and peripheral areas of large cities such as Bengaluru and Mumbai.
• While major developers such as Godrej Properties Ltd have focused on the top tier cities for residential projects, it has actively purchased land for plotted projects in smaller cities.