Why are so many plots for sale in KR Puram at ₹11,500/sq ft?

I’ve been noticing quite a few plots being advertised for around ₹11,500 per sq ft in KR Puram, especially around Ayyappa Nagar / near Bhattarahalli signal.

I’m curious — does the number of plots being put up for sale at this price indicate anything about the area?