Under-construction flats in South Bangalore are being quoted higher than ready-to-move-in homes, leaving many buyers wondering if they’re paying for future delivery or just a builder-driven price reset.
Bangalore’s property market is heating up — and so is the debate over whether buyers are paying a fair price. In several prime residential pockets, 3BHK apartments in under-construction projects are being quoted higher than ready-to-move-in units within the same communities.
Also Read:KL Rahul donates mechanical elephant to Padmanabhapuram Mahavishnu Kshetram
In one South Bangalore project, a 3BHK unit in an upcoming phase was quoted at ₹2.1 crore, with possession due in 2030 — nearly ₹20 lakh more than resale listings for similar flats in the already-completed phase, which are negotiable around ₹1.9 crore.
This price disparity is not an isolated case. Data from Knight Frank’s Prime Global Cities Index shows Bangalore ranked 4th globally for prime housing price growth in Q2 2025, with annual appreciation at 10.2%. Across the city, property prices rose 12% year-on-year in late 2024, with South Bangalore seeing growth of up to 21% for completed projects. Under-construction homes are appreciating even faster, with some areas recording 25% annual growth.
Also Read:No BPL cards to be cancelled, says KH Muniyappa – Ineligible cards to be converted to APL
Industry experts say phase-wise price hikes are a standard practice. Each new phase is typically priced higher to reward early buyers with appreciation potential. However, many homeowners choose to sell before incurring additional registration costs, making resale properties more negotiable and attractive to buyers seeking quicker possession.
This leaves buyers with a tough choice, pay a premium for a unit that will be delivered years later or negotiate a ready home at a lower price but possibly with older amenities. The price gap highlights how builder-led pricing often dictates market benchmarks, while individual sellers undercut them to close faster deals.
With demand still concentrated around North and East Bangalore near IT corridors and infrastructure projects, analysts warn that price pressures could continue. For buyers, the question remains whether the premium for under-construction projects is worth the wait, or if resale homes offer a smarter entry point into the city’s competitive market.
Also Read:Woman dies by s*uicide after alleged dowry harassment, parents blame husband