Top eight cities in India which are offering houses in the budget of Rs. 30 to 50 Lakh

Top cities in India which are offering houses in your budget

It seems like, years 2016 is positive for real estate developers as well as end users because there are several affordable housing projects in all over India which are ready for launch. Due to active and optimized urban planning schemes in Indian states and cities now the budgets for properties is somewhere affordable for specific segment, however; its still true that there are not much number of cities where you will find affordable property and in India its far-fetched dream common man to own a property in most of the metro cities.

With the boom in commercial real estate sector, now budget for personal housing is also shooting on high levels. In past few years, the real estate landscape has witnessed spatial transition and due to that it has led towards the consistent rise in the budget of the properties. According to recent report of JLL India, which is global property consultant firm, there are still some cities in India where housing is still affordable. As per the statement of Anuj Puri, Country Head of JLL India, “It is expected that 2016 will be good year for investment activities that were seen in 2007; the previous peak year which saw investments of more than $8 billion into Indian real estate”. The names of cities are following where you can grab your dream property in the budget of Rs. 30 to 50 Lakh;

• Hyderabad, Telangana:  Hyderabad is the combined capital of Andhra Pradesh and Telangana and it is also the centre of dynamic workforce and now again its trending the buyer’s market. In Hyderabad, there are many well-developed residential localities such as; Sainikpuri, Kukatpally¸ Miyapur and Manikonda where you can buy house in the budget of Rs 30-50 lakh. In simple words we can say that Hyderabad is perhaps one of the most affordable cities among all tier 1 cities of India.
• Pune, Maharashtra: In last two years, Pune has recorded good growth in terms of economy and growth in the affordable housing segment. Here you can buy affordable property of 1 BHK and 2 BHK in different areas. Apart from that people from high-end segment are buying 3BHK and 4 BHK budget homes. Pune offers better standards of living than any most other metros
• Jaipur, Rajasthan: Jaipur is one of the fastest developing city with many influencing growth drivers and due to that it has progressed tremendously in last three years. In Jaipur, there are some regions such as; Malviya Nagar, Tonk Road and Ajmer Road, which is good for investment deals. Currently, with annual capital appreciation of 12 to 17 percent, Jaipur holds great potential and promises good returns on investment.
• Ghaziabad, NCR: Ghaziabad is perfect destination for those who wish to buy property near Delhi, Noida and Gurgoan because here the supply of property is very high and its easy to find the budget home of Rs 30-50 lakh. Infrastructural developments such as the extension of the Metro Rail and the widening of the NH 24 will further boost Ghaziabad’s realty market.
• Nagpur, Maharashtra: We all know that Nagpur is city with extreme climatic conditions and in present Nagpur is one of the fastest-growing cities in our country. Apart from that now even state government is taking interest in turning Nagpur into the next IT hub of Maharashtra, the city is set for a major transition in its real estate profile.
• Kochi, Kerala: Now days builders are not focusing on affluent buyers, they are focusing on the affordable housing because in present there are huge demand of affordable housing and its accounts more than 60 percent of the total housing projects in the city. The increasing land prices have made it difficult real estate developers to build independent houses, and due to that now there is increasing demand from the emerging mid-income segment that wants homes packed with amenities at affordable prices.
• Coimbatore, Tamil Nadu: Currently, Coimbatore is a market which is responsible for the 40 percent real estate investments including cities Bangalore, Cochin and Chennai and apart from that professionals are also looking for property in Coimbatore because its emerging as a retirement destination and people are interested to buy 2 BHK homes in Coimbatore.
• Ahmedabad, Gujarat: In present, Ahmedabad is witnessing rapid infrastructural development in the form of GIFT Smart City¸ bullet trains and entrepreneurial nature of the population. The gas, oil and energy industries, petro-chemical industries and automobile manufacturing industries are some of the major factors driving perennial demand for real estate in the city. Currently, there are high demands of affordable property and due to that you can easily find properties within the range of Rs 30-50 lakh.