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 Urban

Punjab Allocates Rs 3.6 Billion to Upgrade Ludhiana Schools

Punjab Education Minister Harjot Singh Bains, joined by Rajya Sabha Member of Parliament Sanjeev Arora, announced Rs 360 Mn for school infrastructure upgrades in Ludhiana. The investment is part of the Punjab Sikhya Kranti initiative led by Chief Minister Bhagwant Mann to modernise government schools. The plan includes Rs 170 Mn for the Shaheed-e-Azam Sukhdev Thapar School of Eminence in Bharat Nagar and Rs 30 million for upgrades at the Jawahar Nagar branch. Schools in Gobind Nagar and Cemetery Road will each receive Rs 20 Mn and be developed as Schools of Brilliance. Rs 15 Mn will go to th..

Next Story
Infrastructure Urban

SGPGIMS to Boost Fire Safety with 14 New Officer Appointments

Sanjay Gandhi Post Graduate Institute of Medical Sciences (SGPGIMS) in Lucknow will appoint 14 fire safety officers and support staff to enhance its fire safety infrastructure. The decision was taken during the institute’s 102nd Governing Body meeting, chaired by Chief Secretary Manoj Kumar Singh. The move comes after a fire incident in December 2023, prompting a re-evaluation of safety measures. The chief secretary directed SGPGIMS to adopt strict fire-safety protocols and ensure appropriate staffing levels to maintain constant preparedness. SGPGIMS director Professor Radha Krishna Dhiman..

Next Story
Infrastructure Urban

Kaushalya Logistics Expands Depot Network, Partners with Adani Cement

Kaushalya Logistics has partnered with Adani Cement and expanded its operational footprint as part of an aggressive growth strategy in the cement logistics sector. The company has also strengthened ties with Dalmia Bharat and JK Cement to enhance service capacity. Over the past four months, Kaushalya Logistics has grown its depot network from 70 to over 100 locations. This expansion supports the company’s efforts to meet rising demand from India’s infrastructure and construction sectors. In March 2025, the company handled 0.3 tonnes of cement—a 50 per cent increase from the 0.2 tonne..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?