constructionweekonline.in-Magicbricks reports a 46.8% rise in supply of under-construction properties in a year
Magicbricks Research highlights a 46.8% YoY increase in under-construction residential supply across major cities, reflecting heightened developer activity in response to strong market demand. Bengaluru leads this trend with an impressive 114% YoY growth, followed by Gurugram at 98%. Over the last quarter alone, under-construction supply grew by 10.97%, with Gurugram (30.97%), Kolkata (27.80%), and Bengaluru (27.39%) showing the most significant increases.
The average price for under-construction properties across key markets stands at Rs 12,064 psf. Affordable options are available in cities like Ahmedabad (Rs 6,708 psf), Kolkata (Rs 7,259 psf), and Greater Noida (Rs 8,281 psf). Bengaluru (Rs 10,988 psf), Noida (Rs 11,706 psf), and Navi Mumbai (Rs 11,738 psf) dominate the affordable luxury segment, while Gurugram (Rs 14,579 psf), New Delhi (Rs 18,150 psf), and Mumbai (Rs 27,725 psf) cater to premium homebuyers.
