Top 5 Localities In India For Affordable Homes
While property price have not seen much appreciation in the past couple of years, for most of us, it would still take our lifetime saving or a huge loan to fund the purchase if we decide to buy a house. That is why we look for options that would not burden us with huge loans or make us spend all life's savings.
A look at top five affordable localities across the country that may help you achieve this:
A popular locality in Pune eastern, Wagholi has witnessed huge housing demand in recent times owing to its strategic location, fabulous connectivity and its relative affordability. Despite an uptrend, property prices in Wagholi range between Rs 3,750 to Rs 3,850 sq ft.
Located about 34 kms from the city centre, Chakan is a residential town in Pune, which also houses several of automobile production plants. Owing to the infrastructural development in the area, the demand of apartments in Chakan has been constantly soaring. Average property price in this area range between Rs 3,050 to Rs 3,150 per sq ft.
Rajarhat-New Town (Kolkata)
Rajarhat-New Town, a suburb in Kolkata north, has become an emerging real estate destination for its affordability. In addition, this area is well-developed and has a full grown social infrastructure in place. Property prices in Rajarhat range between Rs 3,450 and Rs 3,650 per sq ft.
Located 45 kms north of Virar on the western railway line of Mumbai's suburban railway network, Boisar is an emerging real estate hub. A perfect mix of everything — industries, commercial centers, housing locales, educational institutions — Boisar has emerged as excellent investment opportunity. Property prices in Boisar range between Rs 2,900 and Rs 3,100 per sq ft.
A small town in Mumbai, Badlapur offers home buyers a good connectivity and a well-developed social facilities. The area is witnessing growth in terms of affordable housing and has seen several new launches in the recent past. The prices of apartments in Badlapur range from Rs 3,150 to Rs 3,250 per sq ft.