novogradnja

1. new build; newly built housing
   Kupili smo stan u novogradnji na Zvezdari. — We bought a flat in a new build in Zvezdara.
   Novogradnja je skuplja, ali ima garažu i lift. — A new build is more expensive, but it has a garage and a lift.
2. new construction
   U ovom delu grada novogradnja ide jako brzo. — New construction is moving very fast in this part of town.

In ads it is contrasted with "starogradnja", an older building.