Financial Express-Majority of homebuyers opt for plots for first-time investments: Magicbricks
Magicbricks has observed a growing preference for plotted developments among first-time investors, who are drawn to their higher appreciation potential and long-term capital returns. According to a recent poll conducted by Magicbricks, 58% of respondents preferred investing in plots, followed by commercial spaces (17.1%).
Platform insights from Q4 2024 (October-December) indicate that Bengaluru accounted for the highest demand for plots (36.5%), followed by Chennai (11.0%) and Lucknow (8.9%). Notably, Lucknow recorded the highest preference for plotted developments, with 42.66% of property buyers in the city opting for plots over other property types.
