Under-Construction Homes Now Costlier Than Ready-to-Move Properties
03 Apr 2025 CW Team
Under-construction (UC) homes are now more expensive than ready-to-move (RTM) properties across major Indian metros, according to the latest insights from Magicbricks.
In Delhi, UC homes are priced at Rs 25,921 per sq. ft., surpassing RTM properties at Rs 18,698 per sq. ft. Similarly, in Gurugram, UC homes cost Rs 17,185 per sq. ft., compared to Rs 14,617 per sq. ft. for RTM properties.
Mumbai, India’s costliest real estate market, has also seen a sharp rise, with UC home prices soaring 33.4 per cent Y-o-Y in Q1 2025 to Rs 32,371 per sq. ft., while RTM properties stand at Rs 28,935 per sq. ft.
This trend is driven by two key factors:
- Evolving buyer preferences for modern designs, superior layouts, and premium construction quality.
- Rising construction costs, fuelled by post-pandemic demand and increasing raw material prices.
As residential prices continue to climb, early investment in UC projects could offer better capital appreciation for buyers and investors.