If accepted, the new units will be built at Bellfield Meadows in North Kessock.
The proposals are part of a £20 million investment for Inverness and Ross-shire in 2016.
George Fraser, Tulloch's chief executive, said: "We're investing in new phases at various developments on either side of the Kessock Bridge to meet homebuyer demand, which is at its strongest in the area since the financial downturn in 2008.
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"The new application is for 40 homes at phase seven at Bellfield Meadows, North Kessock, which has been a very popular location."
Mr Fraser added: "Our key intention going forward to replenish our land bank in Inverness so as to ensure we can meet demand by building in and around the city for many years to come.
"This includes land already zoned for some 800 houses at Ness Side, where we have been in close liaison with the planning authority for some time and where the consultation process is now underway."
(LM)
