{"id":2472,"date":"2024-09-04T11:55:00","date_gmt":"2024-09-04T06:25:00","guid":{"rendered":"https:\/\/www.crematrix.com\/blog\/?p=2472"},"modified":"2026-04-27T10:49:55","modified_gmt":"2026-04-27T05:19:55","slug":"plots-villas-market-insights-2024-growth-pricing-demand","status":"publish","type":"post","link":"https:\/\/www.crematrix.com\/blog\/plots-villas-market-insights-2024-growth-pricing-demand\/","title":{"rendered":"Plots & Villas Market Insights 2024: Growth, Pricing & Demand"},"content":{"rendered":"\n

The Raigad region, including Manor, Kasara, and Karjat, is witnessing strong growth in the Plots & Villas Market 2024. Rising supply, steady demand, and price appreciation, along with strategic connectivity via major highways, are making these locations attractive for both investors and end-users. According to the Plotted Development Report – In & Around MMR<\/a>, by CRE Matrix, the Plots & Villas Market 2024 is witnessing strong growth across key locations.<\/p>\n\n\n\n

Plots & Villas Market 2024 Overview \u2013 Raigad, Manor & Kasara<\/strong><\/h2>\n\n\n\n

The Raigad region\u2019s residential market is dominated by plotted developments, with 7,024 plotted units across 66 projects compared to 981 villa units in 36 projects. Supply has expanded significantly. Plotted launches rose from 697 units in 2019 to 2,013 units in 2024. Villa supply also increased from 151 to 325 units, reflecting strong developer activity.<\/p>\n\n\n\n

Demand has also strengthened, rising from 194 units sold in 2019 to 462 in 2024, peaking at 696 in 2023 before stabilizing. Micro-markets show varying trends: Manor has modest and volatile demand (~16 units quarterly), while Kasara demonstrates more stable, affordability-driven absorption.<\/p>\n\n\n\n

Prices across the region indicate rising buyer interest. Plotted prices increased from \u20b9354 PSF to \u20b91,574 PSF. In Kasara, prices rose from \u20b9405 to \u20b9458 PSF. Villa prices grew from \u20b94,955 PSF to \u20b910,826 PSF. Ticket sizes moved from ~\u20b912 lakh to \u20b946 lakh+ for plots and reached up to ~\u20b92.8 Cr for villas. This highlights sustained growth in both pricing and demand.<\/p>\n\n\n\n

Strategic Connectivity Across Raigad & Surrounding Regions<\/strong><\/h2>\n\n\n\n

Kasara is well-connected. It lies 104 km from Mumbai, 86 km from Thane, and 68 km from Nashik. It is also just 23 km from the Samruddhi Expressway exit, making it an emerging residential destination. Karjat, along the Mumbai\u2013Pune Expressway, has seen strong plot appreciation despite regular traffic congestion. The market has evolved from small land aggregators to Grade A developers like Godrej, Kalpataru, Wadhwa, and Arihant.<\/p>\n\n\n\n

Key highway corridors further shape regional demand. The Mumbai\u2013Delhi Highway connects Manor, Wada, and Dahanu. The Mumbai\u2013Nashik Highway serves Igatpuri and Kasara. The Mumbai\u2013Pune Highway links Karjat, Lonavala, Talegaon, and Kamshet. The Mumbai\u2013Goa Highway covers Alibaug and Pali\u2013Khopoli. These corridors highlight a mix of established and emerging destinations across Raigad, Thane, and surrounding regions.<\/p>\n\n\n\n

Demand & Supply Analysis \u2013 Raigad, Manor & Kasara <\/strong><\/h2>\n\n\n\n

The Raigad region has seen strong growth in plotted and villa developments, with supply increasing from 697 units in 2019 to 2,013 units in 2024, while villa supply also rose from 151 to 325 units. Demand has kept pace, with sales growing from 194 units to 462 units, peaking at 696 units in 2023 before slightly stabilizing. <\/p>\n\n\n\n

However, this momentum is not consistent across all micro-markets. Manor, for instance, remains relatively slow. Average quarterly sales are around 16 units. Activity peaked in Q2 2023 with 33 units and Q3 2023 with 29 units. It then dropped sharply to 9 units in Q4 2023 and further to 4 units in Q1 2024. Transaction values also declined from ~\u20b925 Cr to ~\u20b93 Cr. This indicates a clear slowdown<\/p>\n\n\n\n

Top Raigad projects like Wadhwa Wise City, Kalpataru Aria, and HOABL Foothills of Matheran are driving strong demand for plots and villas. In contrast, Kasara presents a more stable, affordability-driven market. Prices in Kasara have gradually increased from \u20b9405 PSF to \u20b9458 PSF, around 13\u201314% growth. This supports steady absorption despite a smaller market size, indicating a balanced demand-supply scenario.<\/p>\n\n\n\n

Pricing Trends & Ticket Sizes<\/strong><\/h2>\n\n\n\n

In Kasara, prices rose from \u20b9405 PSF in 2019 to \u20b9458 PSF in 2024, reflecting a ~14% increase. Transactions are largely from individual sellers and exclude Grade A developers. Manor saw a sharper rise, with plotted prices nearly doubling from \u20b9925 PSF in Q1 2022 to \u20b91,850 PSF in Q2 2024, driven mainly by premium projects like Godrej Country Estate. Region-wide, plotted prices increased from \u20b9354 PSF to \u20b91,574 PSF, while villa prices surged from \u20b94,955 PSF to \u20b910,826 PSF, largely due to high-profile developments such as Wadhwa\u2019s Magnolia Cluster. Ticket sizes reflect this appreciation, moving from ~\u20b912 lakh in 2019 to \u20b946 lakh+ for plots and up to ~\u20b92.8 Cr for villas. Gated communities and premium projects contribute to the higher end of the spectrum.<\/p>\n\n\n\n

Elevate your decisions in real estate as a developer or broker with CRE Matrix\u2018s data-driven insights. Book a demo now!<\/a><\/p>\n\n\n\n

Media Mentions:<\/strong><\/h2>\n\n\n\n