58% First-Time Homebuyers Prefer Plots Over Other Investments: Magicbricks

12 Mar 2025 CW Team

A Magicbricks poll found that 58 per cent of first-time homebuyers prefer investing in plots, citing higher appreciation potential and long-term capital gains. The survey, conducted among 2,200 homebuyers, ranked commercial spaces as the second most preferred asset at 17.1 per cent.

Platform insights from Q4 2024 show Bengaluru leading the demand for plots at 36.5 per cent, followed by Chennai (11.0 per cent) and Lucknow (8.9 per cent). Notably, 42.66 per cent of property buyers in Lucknow preferred plots over other real estate types.

Mid-sized plots of 1,000–2,000 sq. ft. dominated demand at 46.76 per cent, while 50.83 per cent of investors preferred plots priced up to Rs 50 lakh, reinforcing the trend toward affordable land investments.

In terms of pricing, the average plot rate stood at Rs 2,765 per sq. ft. in Hyderabad, where Shadnagar, Kadthal, and Sadashivpet were key supply hubs. Lucknow (Rs 2,836 per sq. ft.) and Chennai (Rs 3,208 per sq. ft.) also emerged as affordable plotted investment destinations.

Conversely, Gurugram (Rs 21,901 per sq. ft.) and Noida (Rs 22,523 per sq. ft.) were among the most expensive markets for plots. However, Greater Noida, with an average price of Rs 7,654 per sq. ft., presents a relatively affordable investment opportunity within the NCR region.

With developers launching integrated township projects to meet rising demand, plotted developments are set to play a crucial role in shaping India's real estate landscape.

Infrastructure Energy

09 Mar 2026

BMW Industries partners with IOCL for PNG supply at Bokaro plant

BMW Industries has entered into a strategic partnership with Indian Oil Corporation (IOCL) for the supply of Piped Natural Gas (PNG), reinforcing its commitment to adopting cleaner and more efficient energy sources for its operations.The agreement was signed at the Eastern Region Pipelines (ERPL) headquarters in Kolkata. The partnership is expected to support the company’s upcoming manufacturing facility in Bokaro by facilitating the use of natural gas as a primary energy source.According to the company, the adoption of PNG will help enhance operational efficiency while also contributing to ..

Bombay Realty Secures RERA for Three ICC Tower in South Mumbai

Bombay Realty, the real estate arm of Bombay Dyeing and part of the Wadia Group, has received Real Estate Regulatory Authority (RERA) certification for Three ICC – Wing A, the latest luxury residential tower at Island City Center in Mumbai’s Dadar.The RERA registration marks a key milestone in the development timeline and reinforces the company’s focus on regulatory transparency, timely project delivery, and high construction standards.Following the success of One ICC and Two ICC, the upcoming Three ICC tower represents the next phase of the Island City Center development. The project ai..

Flender launches India’s largest wind gearbox test rig in Walajabad

Flender has inaugurated a 13.5 MW wind turbine gearbox test rig at its Walajabad facility near Chennai, marking the largest installation of its kind in India. The new facility is expected to strengthen the company’s manufacturing and testing capabilities while supporting the growing demands of the wind power sector in both domestic and global markets.The test rig was inaugurated on March 5 in the presence of Andreas Evertz, Group CEO, Flender; Lars Wiegemann, Vice President Wind Gears, Flender; and Vinod Shetty, CEO, Flender India, along with key industry customers and stakeholders.The insta..