As India’s real estate market enters a consolidation phase with fewer new launches, homebuyers and investors face a crucial decision: opt for resale properties for immediate occupancy or invest in under-construction projects with future growth potential. With evolving buyer priorities and major infrastructure projects reshaping the NCR landscape, the resale vs. new launch debate hinges on balancing convenience, affordability, and long-term returns.
Market Trends: Post-Pandemic Shifts in NCR
Once plagued by stalled projects and buyer distrust, the NCR real estate market has rebounded sharply post-COVID-19. Gurgaon’s Dwarka Expressway, Noida’s Sector 150, and Noida Expressway have emerged as hotspots for new launches and property resales. While the sector braces for a slowdown, choosing between these areas remains a challenge.
“Buyers today prioritize either immediate stability or future potential. Infrastructure projects like the Delhi-Mumbai Expressway, Dwarka Expressway, Noida International Airport, Rapid Rail, and expanded Metro lines are accelerating growth in peripheral zones, making under-construction properties attractive. Yet, resale homes in mature localities retain their charm for risk-averse buyers. However, with RERA in place, both make a sound and safe investment decision. While under-construction or newly-launched properties provide buyers with options to choose from, the choice is vastly limited in the case of resale properties,” says Dr. Vishesh Rawat, VP and Head of Sales, Marketing & CRM, M2K Group.
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Dr. Gautam Kanodia, Founder of KREEVA and Kanodia Group, says, “The choice between resale and new-launch properties is shaped by multiple factors, such as the budget, location, infrastructure and connectivity, price trends, and lifestyle preferences. Considering current market trends and growth graph, the demand for all-time high luxury homes across key cities and new launches will likely dominate the market as developers focus on sustainable and new-age housing development appealing to a younger demographic. However, resale properties in established locations, with strategic connectivity to expressways and metro networks, will remain highly competitive. Hence, investors should assess project location, brand credibility, and future growth potential before deciding.”
New Launches: Banking on NCR’s Future
Under-construction projects, particularly in growth corridors like Dwarka Expressway and Noida-Greater Noida, are drawing millennials and investors. Developers lure buyers with sub-Rs 10,000/sq ft pricing, flexible payment plans, and promises of smart-city amenities.
“New launches offer lower entry costs,
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