Everyone dreams that we have our own home, but do you know that now the under construction houses have become more expensive than the prepared house. Let us tell you in detail about it. According to the new data of India’s real estate platform magicbricks, a new trend is being seen in India’s real estate market, where the prices of under-construction (UC) houses in major cities are now overtaking the prices of Ready-to-Move (RTM) properties.
Average price of apartment
In Delhi, the average price of ready-to-to———-wers apartments is Rs 18,698 per sq ft, while the price of houses under construction has increased to Rs 25,921 per sq ft. The same situation is in Gurugram, where the average price of UC houses has reached Rs 17,185 per sq ft, which is much higher than the price of Rs 14,617 per sq ft of RTM properties.
The most expensive real estate market Mumbai
Even Mumbai, India’s most expensive real estate market, has done the same. Property prices under construction increased by 33.4% to Rs 32,371 per sq ft in the first quarter of 2025, while the prices of RTM houses were Rs 28,935 per sq ft.
Home buyers design
Two main factors may be responsible for the rising prices of homes under construction. First, the changing priorities of buyers have inspired home buyers to pay premiums for contemporary design, better layouts and high quality construction and fittings.
Buying a house
Second, the strong sense of buying a house after the epidemic, in association with the rising cost of raw materials, has increased construction expenses, resulting in an increase in the price of properties under construction. These factors are giving a new look to the market, making new constructions becoming more expensive than ready houses. With a continuous increase in residential prices, it can provide capital increase in projects under construction and investors.