View New Albany New Construction available in Indiana. Southern Indiana is a special part of the country, with friendly communities and affordable real estate. New Albany sits in Southern Indiana, along the banks of the Ohio River, just minutes from Downtown Louisville, Kentucky. A community that has seen much improvement in recent years, New Albany is experiencing a revitalization to its historic downtown as well as the outlying areas. New Albany residents have access to a low cost of living, affordable real estate, and lots of local amenities and national retailers. As New Albany grows, New Construction is available to home buyers and investors alike, and with great prices, New Albany is an excellent real estate investment opportunity. Contact Semonin Realtors for more information about New Albany New Construction in Indiana and living the Louisville, Kentucky area.