Land prices have risen 20 to 44 per cent on average between 2019 and 2022 across tier-1 cities, according to ANAROCK Group, a real estate consultancy. A recent report from Dolat Capital says the price increase has been particularly sharp in Gurgaon and Hyderabad, with prices shooting up by more than 200 per cent in some areas since pre-Covid-19 times.
Rising demand
Since the pandemic, many residents of metros want the greater seclusion that an independent house can provide. This has led to an increase in demand for plots. “Several plotted development projects have been launched across cities in the