Under-Construction Homes Costlier Now
Real Estate

Under-Construction Homes Costlier Now

A recent Magicbricks report highlights a shift in pricing dynamics, with under-construction (UC) homes now commanding higher prices than ready-to-move (RTM) properties in major Indian metros. Cities like Delhi, Mumbai, Gurugram, and Noida show a clear price gap, driven by buyer preference for modern layouts, rising construction costs, and robust housing demand.

In Mumbai, UC properties have surged 33.4 per cent YoY, reaching INR 32,371 per sq. ft., while RTM homes are priced at Rs 28,935 per sq. ft.. Delhi’s UC homes now stand at INR 25,921 per sq. ft., significantly above RTM properties at INR 18,698 per sq. ft.. Meanwhile, Bengaluru and Hyderabad buck the trend, where RTM homes still hold a price advantage.

A recent Magicbricks report highlights a shift in pricing dynamics, with under-construction (UC) homes now commanding higher prices than ready-to-move (RTM) properties in major Indian metros. Cities like Delhi, Mumbai, Gurugram, and Noida show a clear price gap, driven by buyer preference for modern layouts, rising construction costs, and robust housing demand. In Mumbai, UC properties have surged 33.4 per cent YoY, reaching INR 32,371 per sq. ft., while RTM homes are priced at Rs 28,935 per sq. ft.. Delhi’s UC homes now stand at INR 25,921 per sq. ft., significantly above RTM properties at INR 18,698 per sq. ft.. Meanwhile, Bengaluru and Hyderabad buck the trend, where RTM homes still hold a price advantage.

Next Story
Infrastructure Transport

PM Modi Inaugurates Navi Mumbai International Airport

Prime Minister Narendra Modi inaugurated the Navi Mumbai International Airport and launched several key development projects in Mumbai, Maharashtra. Addressing the gathering, he extended festive greetings and hailed the airport’s launch as a defining moment in India’s infrastructure journey.Highlighting that Mumbai’s long wait for a second international airport had finally ended, Shri Modi said the facility would make the region one of Asia’s leading connectivity hubs. He added that Mumbai’s first fully underground metro system, constructed while preserving the city’s heritage buil..

Next Story
Infrastructure Energy

National Workshop Focuses On India’s Clean Energy Transition

The Association of Renewable Energy Agencies of States (AREAS) and the Natural Resources Defense Council (NRDC), in partnership with the Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) and the Self-Employed Women’s Association (SEWA), organised a two-day national workshop aimed at accelerating India’s clean energy transition.Representatives from over 25 Indian states, along with clean energy developers and civil society institutions, participated in the event, which focused on advancing renewable energy adoption, green financing, and capacity building.On the first ..

Next Story
Infrastructure Urban

National Workshop Focuses On Water Conservation And Recharge

As part of the preparatory thematic workshops leading up to the Departmental Summit on the Vision for Sujalam Bharat (scheduled for 28–29 November 2025), the National Water Mission (NWM) under the Ministry of Jal Shakti successfully conducted the 6th Thematic Workshop on ‘Water Conservation and Recharge’ at the NDMC Convention Centre, New Delhi.The workshop, anchored in the vision outlined by Prime Minister Narendra Modi during the 4th Conference of Chief Secretaries, forms part of a series of six Departmental Summits in 2025 designed to encourage collaboration between central and state ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?