5 Cities Where You Can Get Homes Under Rs 50L
There are approximately a million homeless in urban India. The problem of urban homelessness is increasing year by year as many people move to cities in search of better employment opportunities. Migration creates scarcity of land pushing property prices further. In such a scenario, it is very hard for buyers to find affordable housing options and that too in areas that are nearing saturation because of increasing demand.
PropGuide lists five cities that offer good housing options within the range of Rs 30-50 lakh.
Ghaziabad in the National Capital Region has many localities that offer apartment units within the range of Rs 30 to Rs 50 lakh. For instance, within this range, one can get 3BHK in Shastri Nagar, 3BHK units in Raj Nagar Extension, 2BHK in Sector-5 Vasundhara and 2BHK units in Govindpuram. These areas are a part of old Ghaziabad and currently commuting is an issue. However, the Elevated Road from UP Gate to Raj Nagar Extension will reduce the commuting time from current 45 minutes to just 10 minutes. Grade Separator on GT Road and the upcoming railway under-bridge near Hindon, Vasundhara will make commuting a smoother experience.
Some of the main localities in Pune such as Baner, Hinjewadi, Kondhwa and Wakad still boast properties in the range of Rs 30 to Rs 50 lakh. Baner, Hinjewadi and Wakad form part of National Highway-4 bypass micro market. These localities are an excellent option from the point of view of investment. For instance, with a budget of Rs 46 lakh one can easily purchase 2 BHK unit in Hinjewadi. The growth prospects in Hinjewadi are quite promising as it is a major IT Park of Pune.
As per a leading real estate company, Hyderabad is listed amongst the top 10 dynamic cities across the world. Affordable options can be found in some of the best localities such as Kukatpally, Miyapur, Manikonda and Gachibowli. For instance, a 2 BHK apartment in Gachibowli can be purchased within the range of Rs 44 lakh to Rs 49 lakh. Living in these localities is highly beneficial as it enjoys proximity with prominent office locations of the cities. Furthermore, the upcoming Hyderabad Metro will make commuting easier.
Among end users, Navi Mumbai is one of the popular investment destinations. In Vashi, one can get apartments within the range of Rs 35 to Rs 45 lakh. Whereas, 1BHK apartments in Nerul can be purchased within the range of Rs 32 lakh to Rs 47 lakh. Koparkhairane, Ghansoli, Seawoods, Kharghar and Belapur are some of the areas wherein one can find units within the range of Rs 30-50 lakh.
Bopal and South Bopal, Satellite, SG Highway, Prahlad Nagar, Gota, Bodakdev, Chandkheda and Thaltej are some of the best places in Ahmedabad. One can easily get housing options within the range of Rs 30 to Rs 50 lakh. Smooth connectivity and sound infrastructure are some of the reasons that are the strengths of these localities. The commercial set up pushes demand for apartments in SG Highway and Prahlad Nagar.
Buyers Hyderabad Ghaziabad Ahmedabad Pune