Premium Under‑Construction Homes: Redefining Real Estate in 2025
In the first half of 2025, premium under‑construction homes have outshone completed luxury properties with an astounding up to 44% year‑on‑year price increase, according to Savills India. This surge is largely driven by Mumbai, where buyers are eagerly investing in future-ready homes.
🏙️ Why Premium Under‑Construction Homes Are Hot in Mumbai
Mumbai led the trend with a 44% YoY jump in prices for under-construction premium homesThe Times of India+12Hindustan Times+12Housing+12. These projects are attracting buyers because they offer:
- Modern specifications
- Early‑stage pricing benefits
- Prime locations (South & Central Mumbai, Coastal Road access)
🌆 Other Key Markets Showing Strong Growth
- Bengaluru: Up by ~35% YoY for such homes, outpacing completed projectsRealtynMore+4Hindustan Times+4Fortune India+4.
- Gurugram: Saw a 33% YoY increase in under-construction luxury homes.
Meanwhile, completed premium properties rose more modestly—1–32% YoY across major citiesFortune India+15Hindustan Times+15Housing+15.
💡 What’s Fueling the Surge in Premium Under‑Construction Homes?
- Buyer preferences: There’s a growing demand for amenity-rich, sustainable, modern-ready homes.
- Land scarcity & input costs: Price hikes reflect limited supply and rising construction expensesHindustan Times+2Fortune India+2Housing+2.
- Strategic early pricing: Developers launch new projects at attractive prices, prompting early investment.
🔍 Completed vs Under‑Construction: A Price Comparison
| Category | Price Growth H1 2025 |
|---|---|
| Completed luxury homes | 1% – 32% YoY |
| Under‑construction homes | Up to 44% YoY |
The stark contrast highlights which segment buyers prefer, and why developers focus on new launchesHindustan TimesNBMCW+12Housing+12Hindustan Times+12.
🌐 City‑Wise Breakdown of Under‑Construction Growth
- Mumbai: 40–44% YoY – driven by strategic launches in South & Central suburbsThe Times of India+13Hindustan Times+13Fortune India+13.
- Bengaluru: ~32–35% – limited land, metro connectivity, and modern projectsCourier Mail+5Housing+5Courier Mail+5.
- Gurugram: ~33% – rising demand along GCER & SPR corridorsHouston Chronicle+4Hindustan Times+4Housing+4.
🧩 Expert Insights on Premium Under‑Construction Homes
Shveta Jain, MD of Savills India, notes:
“India’s premium housing market witnessed sharper price appreciation across both completed and under‑construction high‑end projects… driven by limited supply, rising input costs, and evolving buyer preferences… However, the pace of appreciation… calls for pricing discipline.”RealtynMore+3Hindustan Times+3Housing+3
⚠️ What This Means for Buyers & Investors
- For Buyers: Investing early in well-located under-construction homes can yield significant value gains.
- For Investors: High appreciation rates suggest attractive return potential, though buyers should watch for price discipline.
- For Developers: Sustaining momentum requires careful pricing and reliable delivery timelines.
✅ Final Thoughts on Premium Under‑Construction Homes
The performance of premium under‑construction homes in H1 2025 marks a pivotal shift in India’s real estate narrative. As buyers seek modern features, upscale amenities, and future-ready positioning, developers must balance pricing with delivery to keep demand robust and trust high.
Interested in deep-diving into city-wise price analytics or comparing projects? I’d be happy to help!
