Suburban Land Demand Rises Amid Urban Cost Increases
Naugaon and Hapur in NCR, Khopoli and Karjat in Maharashtra, as well as Chikkaballapur and Channapatna in Karnataka are emerging as affordable new destinations for horizontal real estate development, with developers selling plots and farmland. As real estate in metro areas becomes more expensive, buyers are searching for new locations within a reasonable driving distance from major cities. “We are witnessing this trend across India as city land prices soar. Increased construction costs are prompting developers to pivot towards horizontal development, which is thriving as buyers with budgets of ₹50 lakh to ₹2 crore find it increasingly difficult to purchase…
