What Can You Get For Rs 30 Lakh In Top Cities?
A widely held perception is that the prices have hit the roof making property in India quite unaffordable for the common man. However, let this assumption not misguide you. There is no lack of affordable options even in top cities. In case you have a budget of Rs 30 lakh, property markets of major cities have a wide variety of housing options to offer you. We assume you would like us to tell you what your options are in that case.
Here you go!
Ahmedabad
If you are looking for a housing option in a place that is the perfect mix of a big city and Tier-II district, Ahmedabad must be your choice. This industrial city in Gujarat is also among the cleanest cities in India. In the budget we mentioned earlier, you can pick from as many as 760 options, in a range of configurations. Currently, average property price in Ahmedabad stands at Rs 2,900 per square foot (sqft) .
Bengaluru
In your budget, over 4,700 residential properties are up for grabs in India's Silicon Valley. You can afford a decent 2BHK property if you have Rs 30 lakh. A slight increase in your budget could also enable you to afford a bigger property. Currently, average property price in Bengaluru stands at Rs 4,800 per sqft.
Chennai
This is the costliest major city in south India-- currently, average property price in Chennai stands at Rs 5,400 per sqft. However, this does not mean those looking for an affordable property will have a hard time in Chennai. On the contrary, this property market offers you a great number of options to choose from. In your budget, you could pick from over 6,200 housing options. When it comes to configurations, you could pick between 1 and 2BHK options.
Gurgaon
Gurgaon property has earned itself the tag of being the costliest property market in the national capital region--currently, average property price in Gurgaon stands at Rs 5,400 per sqft. Considering the infrastructure the Millennium City provides you, the rates do not seem unreasonable. But, has the property market of Gurgaon gone out of the reach of the common man? The answer is, no. You can pick from about 1,800 housing options in your budget in this pricey property market.
Hyderabad
There was no lack of affordable property options in the City of Nizams. In fact, this property market offers you the biggest number of residential picks in your budget. Data available with makaan.com show, there are over 7,600 residential options to pick from if you have a budget between Rs 15 lakh and Rs 32 lakh. Currently, average property price in Hyderabad stands at Rs 4,000 per sqft.
Kolkata
There is a reason why they call Kolkata the City of Joy. Not only the city provides you with affordable property options, it also makes sure you do not have to spend exorbitantly on maintaining your lifestyle. According to Mercer, Kolkata is among the most affordable cities to live in globally. Want to quickly settle down here and have a budget of Rs 15-25 lakh only? You have as many as 2,600 options. If you can stretch the budget a bit further and can spend as much as Rs 33 lakh, you have another 3,200 properties to choose from.
Property prices in the West Bengal capital stand at Rs 3,800 currently.
Noida
Do they not call Noida the most affordable property market in the national capital region? They are right in calling the information technology hub so. Currently, average property price in Noida stands at Rs 3,900 per sqft. Now, in your budget, you can grab from as many as 8,100 options in Noida. The market is replete with brand-new constructions by major developers.
Mumbai
Let Mumbai's among-the-costliest-cities-in-the-world tag not dishearten you. While average property prices in the Maximum City stand at Rs 8,200 per sqft, you have plenty of options to pick from in budget. In fact, the Maximum City offers you the maximum number of options. There are over 11,100 residential units up for grabs in your budget. You must, however, be willing to be happy with smaller units.
Pune
Over 2,000 homes await you in Maharashtra's cultural capital, also known as the Oxford of the East. Currently, average property price in Pune stands at Rs 4,700 per sqft.