Boutique Hotel Demand Drives Plot Prices Up
Port Blair
The rising tourism influx in Port Blair has propelled a 15% increase in commercial plot prices, now ranging between ₹2,500–3,500 per sq ft. This surge is mainly driven by the growing demand for boutique hotels and upscale hospitality ventures across the city.
Real estate experts note that Port Blair’s improved connectivity, including enhanced air and sea links, has made it a prime destination for tourism-related investments. The demand for plots near key tourist hubs and waterfront areas has particularly surged, attracting developers and investors keen on hospitality and retail projects.
With local authorities focusing on sustainable tourism development, the hospitality realty sector is poised for steady growth, encouraging more local and external capital inflows.
