Top 5 affordable cities for buying residential home in India

With a plan to provide affordable homes in the range of maximum Rs 25 lakh rupees, the central government has a vision named ‘Housing for all by 2022’ or ‘Affordable housing’. Many buyers across different states of India are being heavily influenced by this vision in buying properties and houses in the country.

The definition of affordability might range up to different kinds of referencing, but having a price bracket of 30-50 lakh can be considered affordable in India. According to a report published by Magicbricks, maximum demand has risen in the range of 30-50 lakh rupees category.

Following is the list, containing 5 cities of India where one can buy home:

1. Hyderabad:

The city of Hyderabad; Image Source: whatsuplife.in

Hyderabad is considered the most affordable city all across India. The most developed localities of the city will offer you to easily buy houses within the range of Rs 30-50 lakh. Localities like Kukatpally, Manikonda, Sainikpuri and Miyapur are very much affordable and has all the facilities you can hope to enjoy.

Emphasis is being given on world-class infrastructure creation, its outer ring road, radial roads, PV Narasimha Rao Flyover (longest in the country) and upon the upcoming metro coupled with a thriving IT/ITeS industry. This emphasis surely beholds a promise to make Hyderabad one of the most developed cities in India.

2. Bangalore:

Many people perceive Bangalore to be an expensive city. But such statement is not true at all. Instead, it stands on the second place of being the most affordable city in India. Bangalore has tons of properties that range from 30 to 50 lakh rupees. Such kind of exotic supply of properties is affordable in areas like Electronic City, Whitefield and along the Sarjapur Road and Banerghatta Road, which falls on the outskirts of the Bangalore city.

Bangalore; Image Source: thenewsminute.com

The feature which makes Bangalore get the top position in preference of large real estate market agencies in the country is the robust demand in both commercial and residential places. A stable growth in exchanging properties is seen to be taking place in the city of Bangalore along with high end growth in the price list as well.

3. Ghaziabad:

Ghaziabad has primarily been and still is a residential area. But this place also offers countless properties that one can buy exchanging 30-50 lake rupees. Ghaziabad has quick transportation facility. This city has a very good network with the job markets of Delhi-NCR region for its metro and roads and can meet up your demand if you are a buyer of mid-segment.

Ghaziabad; Image Source: hindustantimes.com

Having established housing localities like Kaushambi, Vaishali and Indirapuram, there are also projects like Raj Nagar Extension and developments taking place along the NH_24 beyond the Indirapuram. You can easily buy your next property and move in real quick, as the renowned developers in Ghaziabad will offer you ready-to-move-in properties.

4. Pune:

One can not surely settle for just one reason to buy properties in Pune. Pune, being famous as an educational hub, considered having an establishing ground as the IT/ITeS center of the country has many reasons that has been attracting buyers ever since.

The breathtaking cosmopolitan nature and the growing prominence as manufacturing city, Pune is striving successfully in the race to become one of the Tier-I cities, shredding its old clothes of being a Tier-II one. Although properties in all areas of Pune will not give you a satisfactory rating like those of Bangalore and Ghaziabad. But, one will find many developing infrastructure here in this city, that is trying to reach the high end mark of development.

Pune; Image Source: financialexpress.com

Localities that goes by the name Baner, Wakad, Kharadi and Hadapsar has offers that will give you the chance to buy beautiful properties in exchange of Rs. 30-50 lakh. Among these localities, Baner is the newbie, which is developing recently.

5. Ahmedabad:

Ahmedabad although being last on the list, does not lag in worthiness. The city can be considered as a dark horse in the park. The city of Ahmedabad has small area that covers the real estate agency but things here are getting quite steamed up recently.

With its bullet trains, GIFT, major investments in the state, steady governing system and a population with entrepreneurial mindset that is set upon their easy-going nature, Ahmedabad can prove to be a smart choice where one can buy properties easily. Along the SG Highway and in areas like Satellite, Gota, South Bopal and Bopal, you can easily find properties to buy within the range of 30-50 lakh rupees.

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