Developers encash rising demand for plots, led by soaring IT salaries

12 Oct 2021 Editorial Team

The demand is largely driven by the wider acceptance of work from anywhere culture. Moreover, technological advancements have enabled sales of properties worldwide and enhanced the income generation ability of such properties. The biggest drivers of these plot sales are millennials in the age group of 22-35 years. In cities like In Pune, where there is a large volume of techies, with 70% North Indian migrants, plot corridors are spread across many markets. The Hinjewadi corridor scores on proximity to the Mumbai-Pune Expressway and sees investments from the IT workforce. Similarly, in In Hyderabad, another key IT hub in South India, the demand for plots has been rising. The drivers are the same, but the risks are higher. RERA is nascent in the city, a lot of sales of non-registered plotted projects are taking place across micro markets.

In such situations, one needs to be very careful whether it is revenue land or converted land. As Indian real estate is moving towards digitisation, it is easier to check on the legality of the plots. Many unbranded developers have been cutting plots across cities and the IT sector employees could fall prey to them. Ultimately whether it is for end-use or investment, plot purchases need due diligence.

Click here to read more

The demand for plots across premier cities in India is soaring. The second home market in India is poised to witness high traction where we see that buyers are inclined towards investing in a gated community that has amenities like a swimming pool, gymnasium, health centre. The first wave of pandemic saw buyers considering Tier 2 markets for purchase as big city employees went home during the WFH period, but during the second wave, people realised that staying in metro cities or bigger cities was a better decision where hospital facilities existed. Cities like Bangalore and Pune which have a majority migrant population started the buying cycle again in the city of work.The demand is largely driven by the wider acceptance of work from anywhere culture. Moreover, technological advancements have enabled sales of properties worldwide and enhanced the income generation ability of such properties. The biggest drivers of these plot sales are millennials in the age group of 22-35 years. In cities like In Pune, where there is a large volume of techies, with 70% North Indian migrants, plot corridors are spread across many markets. The Hinjewadi corridor scores on proximity to the Mumbai-Pune Expressway and sees investments from the IT workforce. Similarly, in In Hyderabad, another key IT hub in South India, the demand for plots has been rising. The drivers are the same, but the risks are higher. RERA is nascent in the city, a lot of sales of non-registered plotted projects are taking place across micro markets.In such situations, one needs to be very careful whether it is revenue land or converted land. As Indian real estate is moving towards digitisation, it is easier to check on the legality of the plots. Many unbranded developers have been cutting plots across cities and the IT sector employees could fall prey to them. Ultimately whether it is for end-use or investment, plot purchases need due diligence.Click here to read more

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Infrastructure Transport

07 Oct 2025

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Infrastructure Transport

07 Oct 2025

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..