Off-plan residential complexes in India

Off-plan properties in India

The sector of housing, which you can buy off-plan in India, continues to grow strongly, offering various options for investors and re-locants. The market offers a wide range of housing types, including flats and houses, as well as commercial space:

• Flats. The apartment segment has the most offers. Leading cities such as Mumbai and Bangalore are witnessing a significant increase in residential sales.
• Villas. Houses are also growing in popularity, especially in suburban areas, driven by the trend of remote working and the desire for larger homes.
• Commercial sector. New residential buildings are built following the principle of creating multifunctional complexes, so their lower levels are often given for commercial premises: shops, cafes, service points, and offices.

Cities with the most properties from off-plan developers in India are:

• Mumbai is one of the largest and most dynamic megacities. It attracts investors due to its developed infrastructure and economic opportunities.
• Bangalore, known as ‘India's Silicon Valley,’ is famous for its technology sector and high living standards.
• Delhi. Property in Delhi, the capital, offers a wide range of options. Residential projects are being actively developed in the city, primarily with flats, but some villas in Delhi are also available.
• Pune and Hyderabad are becoming increasingly popular due to their favourable business conditions and high urbanisation rates.

Buying housing in a new project is smart because residents can access additional amenities. Such complexes have modern fitness centres, swimming pools, playgrounds, and recreation and entertainment areas. Also, many new buildings are erected with eco-friendliness and sustainability in mind. These include the use of renewable energy sources and water-saving technologies.

A foreigner can buy off-plan in India, but to do so, they must reside in the state for at least 183 days in the last year on a visa other than a tourist visa and obtain the appropriate permission from the government. Leave a consultation request to learn more about buying a home in this country.

Off-plan properties by developers in India for investment

In August 2024, the Reserve Bank of India (RBI) released preliminary data showing that the property price index rose by 3.30% year-on-year. During the quarter, it grew by 1.82% (or 0.95% inflation-adjusted). Experts predict price growth of 6% this year and next year.

The main reason for the rise in housing prices was the increased demand, which led to a 10.6% year-on-year growth in sales in 8 key cities across the country for Q1 2024. Out of over 173,000 transactions, sales in Mumbai accounted for the largest share (27%), followed by transactions in the National Capital Region (17%), including houses and apartments in Delhi, and Bangalore (16%). Sales of high-end homes (IDR 10 million or $119,900 and above) increased by 51% year-on-year, with premium properties now accounting for 41% of total transactions.

Developers' activity also increased by 5.79% year-on-year. Mumbai, Delhi, and Bangalore lead in new projects, with a share of 26%, 17%, and 14% respectively.

New off-plan projects in India

Although there are many completed residential projects in the country, new complexes have many undeniable advantages. Modern new buildings meet current standards of comfort, offering more space inside and on the housing estate's territory. Also, new projects are usually located in places with good transport accessibility, close to shops, schools, and medical centres. In addition, properties in new complexes can become profitable investments due to increased prices for such objects after the project is commissioned.

Our site has an extensive catalogue listing off-plan property for investment in India at the builder's price. We cooperate only with trusted companies and agencies, which allows us to collect a database of reliable and promising projects for your profitable investment.