With government major policy reforms like RERA, GST, and Housing for all initiative, today even a mid-segment buyer can think of buying their dream home. Whether it is a tier-1 city or tier-2 city most of the developers are focusing on the development of affordable homes that are in reach of maximum homebuyers.
Here is the list of few cities where one can purchase a home within 30 Lakhs:
The real estate of the metro city has witnessed a huge jump in the demand for affordable homes in the last few years. Besides this, infrastructural growth and better job opportunities are attracting many working professionals and family members to purchase budget-friendly homes here. While the average property rates here are 4,768 per sqft, one can easily get a 2 BHK compact home in the outskirt areas of the city within 30 lakhs.
This tier-2 city has also emerged as a winner in the affordable homes category. In recent years, the need and demand for such homes have increased much among homebuyers. Moreover, with the government focusing on more infrastructural development in the city, even the inaccessible areas have also come within the reach of buyers where the developers are constructing budget-friendly homes. The average property price here is 3,245 per sqft. Some of the affordable localities are Chandkheda, Chandlodia, Ghodasar, Gota, etc.
Another city where a homebuyer can get an affordable home within the range of 30 lakh in Hyderabad. The growing infrastructure and the influx of IT companies have called upon many homebuyers to invest here. There are many outskirts of Hyderabad where developers are constructing affordable homes at a fast pace. Some of them include Adibatla, Beeramguda, Mallampet, etc. The average property rates here are Rs 3,195 per sqft.
The city of Joy has another reason to cheer especially for budget-class homebuyers. In recent years, many new affordable areas have emerged in cities that are offering ample housing projects to buyers. Some of the areas in Kolkata where an affordable homebuyer can look for a home within 30 lakh range are Agarpara, Andul Road, Boral, Dum Dum Cantonment, etc. The average property rates here are 2,914 per sqft.
Noida/ Greater Noida
The NCR region is the perfect hub for affordable homebuyers. Many localities like Noida Extension, Greater Noida, Yamuna Expressway have emerged in NCR where an affordable homebuyer can look for a home within Rs 30 lakhs. Apart from this, many renowned developers in these regions are also foraying their legs into this category of homes calling upon buyers to purchase property here. Besides this, smooth connectivity to Delhi and other NCR areas via expressways and highways are added advantage for buyers. The average property rates here are 3,553 per sqft.