propnewstime.com-Under-construction residential supply sees 46.8% yoy growth with Bengaluru leading at 114%
There has been a significant 46.8% year-on-year (YoY) increase in the supply of under-construction residential properties in major cities, highlighting the growing activity of developers responding to strong market demand. Bengaluru leads the pack with a remarkable 114% YoY growth, while Gurugram follows closely with 98%. Over the past quarter, there was an impressive 10.97% increase in under-construction supply, with cities like Gurugram (30.97%), Kolkata (27.80%), and Bengaluru (27.39%) experiencing the largest growth.
The average price for under-construction properties across key markets is INR 12,064 per square foot. For those seeking more affordable options, cities such as Ahmedabad (INR 6,708 per square foot), Kolkata (INR 7,259 per square foot), and Greater Noida (INR 8,281 per square foot) offer reasonably priced properties. On the other hand, Bengaluru (INR 10,988 per square foot), Noida (INR 11,706 per square foot), and Navi Mumbai (INR 11,738 per square foot) are becoming popular choices for affordable luxury homes, while Gurugram (INR 14,579 per square foot), New Delhi (INR 18,150 per square foot), and Mumbai (INR 27,725 per square foot) remain key destinations for premium homebuyers.
