Bengaluru, Sept. 11 -- Branded plots, priced in the range of '30-75 lakh each, have found favour with buyers during the lockdown as they see it as an opportunity to buy land at bargain prices and developers use the route to monetize assets quickly.
Given the desire to own land in south India, several Bengaluru-based developers, including Sobha Ltd, Puravankara Ltd, Salarpuria Sattva Group, Shriram Properties Ltd and Century Real Estate Holdings Pvt Ltd, are either venturing into "plotted development" or looking to monetize more land parcels with only plots for sale.
The advantages are many-quick monetization of land, faster sales pace of plots than apartments, better cash flow generation, and quicker exits from investments.
To be sure, s...