At present, the housing inventory offers something for every homebuyer and thus an affordable property investment under Rs.25 lacs is a smart idea. In fact, a prospect must look beyond hometown as being a tenant is no less than pain in today’s time because you have to manage multiple things. So, here in this blog post we let you know the top cities at offer residential properties under Rs. 25 lacs to buy.
This largest Gujarati city becomes home for the migrants as this place is a hub for economic and industrial activities. Apart from this, the city is famous for cotton production and thus the demand for affordable housing units is high. Hence, you can easily buy a home in Ahmedabad in the budget of Rs. 15 to Rs.24.50 lacs as the present average property value stands at Rs. 2,800 per sqft.
This IT city in Southern India offers more than 5,700 residential units under the price of Rs.25 lacs. The present average property value in the city is Rs. 5,100 per sqft. The introduction of Namma metro in a phased manner has allowed travel easier in Bengaluru where vehicular traffic jam is a big problem.
The demand for affordable housing units is high in this city as Chennai is the largest hub for educational, cultural and economic activities in South India. The average property price here is between Rs.15 lakhs to 24 lakhs. Also, the offices of various reputed companies like Infosys, TCS, Wipro, HCL and more has increased the requirement of dwelling units that is being fulfilled by the property market.
Gurugram that was earlier known as Gurgaon is a smart city close to the national capital Delhi. This locality is often known as the millennial city due to the premium and ultra-luxurious residential properties. But, the workplace of various international companies such as Oracle, Airtel, Wework, Samsung and Google made the realty sector offer residential projects within Rs. 25 lacs. The average property price in the city starts from Rs. 4,950 per sqft.
This is another city of the national capital region that has offices of almost every multi-national firm. The metro connectivity, Expressways and the Delhi-Meerut expressway that is currently under-construction has made life easy here. Noida city has more than 2,800 affordable properties to choose from and the average unit value here stands at Rs.3,850 per sqft.
The cultural capital of Maharastra has developed manifolds and today this city has become no less than a hub of IT companies. The setup of various IT parks here not only increased employment but also increased demand for affordable housing projects as many professionals migrate to Pune with families. Also, the beautiful weather, serene beauty of nature, connectivity and the development of metro in the city is making Pune a hotspot for property investment.
The average property cost in Pune is Rs. 4,700 per sqft and thus you can buy a home within the bracket of Rs. 25 lacs.
Kolkata is a developed city and New Town is developing at a fast pace as various companies are setting up their offices here. Hence, the demand for affordable housing projects is high in this part of India. The average property value in Kolkata is Rs. 3,800 per sqft and thus owning a home under Rs.25 lacs is possible.