Boutique Hotel Demand Drives Plot Prices Up
Commercial plot prices in Kavaratti have increased by 12%, now ranging between ₹2,000 and ₹3,000 per sq ft, as booming tourism fuels demand for boutique hotels and hospitality developments across the island.
The growth in tourist arrivals has sparked strong interest from developers and investors aiming to build boutique resorts and guesthouses that offer personalized, high-end experiences. Enhanced connectivity and government initiatives to promote sustainable tourism have further boosted commercial real estate appeal in key locations near beaches and waterfront areas.
Real estate agents note a rise in site visits and bookings for commercial plots, particularly in prime tourist zones, signaling robust confidence in the hospitality-driven property market. Experts believe Kavaratti’s unique natural beauty and emerging infrastructure will continue to attract investments, driving future price appreciation.
