Under-construction property supply soars by 46.8%

Magicbricks Research has revealed a significant 46.8 per cent year-on-year (YoY) increase in the supply of under-construction residential properties across major cities in India.

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The report highlights notable growth in cities such as Bengaluru, Gurugram, and Kolkata, showcasing the resilience and dynamism of India's residential real estate market.

Bengaluru stands out as the leader in this growth, with an impressive 114 per cent YoY increase in the supply of under-construction properties.

Gurugram follows closely, experiencing a 98 per cent rise. Over the last quarter alone, under-construction property supply grew by 10.97 per cent, with Gurugram showing the most significant increase at 30.97 per cent, followed by Kolkata (27.80 per cent) and Bengaluru (27.39 per cent).