Government-led infrastructure projects are reshaping the residential real estate sector in India, with developers focusing on plotted projects that offer customizable living spaces in sustainable, community-centric environments. A recent study by JLL and Anarock highlights the increasing popularity of plotted developments, with Mumbai and Pune leading the demand. This shift reflects a growing preference among middle-class buyers for spacious living and independence.
Leading developers like Neoliv and Tribeca Developers are embracing this trend by creating open, quality spaces that cater to modern buyer expectations. Neoliv’s Kundli-Sonipat project in North India aims to establish a sustainable residential community near Maruti Suzuki’s upcoming plant, with a GDV exceeding INR 600 crore. Plotted developments allow homeowners to design their residences while enjoying the amenities of gated communities, making them an attractive option for diverse buyers.
The rise of plotted developments is driven by lifestyle aspirations, disposable incomes, and a desire for green, sustainable living. Developers like Stonecraft Group are incorporating nature-centric elements into projects like Woods Indresham in Hyderabad, featuring a mango grove, Miyawaki forest, and open spaces to foster a vibrant community. With land values appreciating and infrastructure developments advancing, plotted developments are seen as a lucrative investment opportunity in both metro cities and emerging tier-II and III cities.
Overall, the shift towards plotted projects signifies a strategic response to market demands and a move towards creating sustainable, future-ready residential communities. As India’s residential sector continues to evolve, developers are prioritizing open, customizable living spaces that cater to the diverse needs and aspirations of today’s homebuyers.
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