Of late there is a trend where people are looking for good real estate options with a price tag that is convenient as well as logical. It appears that demand has increased appreciably in the metros and the important cities. This rise in demand is primarily because of a large influx of people to these destinations lured by good job and business opportunities. Usually, an affordable price tag is so considered when it falls under the bracket of 30-50 lakhs. Naturally therefore, the demand for this segment is what seems most attractive to someone looking for a new real estate investment.
The 10 cities in India offering reasonable housing options are:
Pune: Located in Maharashtra, this city has been marked as offering reasonable housing segment offers. Over the past few years, there is a rapid development taking place. Locations like Baner, Wakad and Hadapsar are top location offering affordable properties.
Hyderabad: Its dynamic work force and booming economy has made the city an interesting option as a buyer’s market. The prosperous IT industry has provided a further momentum to real estate consumer trend, and this is quite apparent from the rising demand for retail, commercial and residential spaces.
Jaipur: It has shown a remarkable flourish in both residential as well as retail fronts and is considered a significant real estate destination in India. Ajmer road, Tonk Road, and Malvia nagar are some of the emerging destinations in the country which are offering affordable housing options.
Ghaziabad: This city offers affordable properties for mid-segment buyers. Developed by renowned developers, infrastructural developments have also attracted buyers to buy properties.
Surat: With parts of Surat developing into desirable destinations, investors can look forward to lucrative options in this part of Gujarat. Although, Ahmadabad is the most well known destination in Gujarat, it is the excellent connectivity of road network in Surat that seems to be the driving force behind this phenomenal development.
Coimbatore: The real estate investments in this city have increased over the past decades and more and more people are being lured to the reasonable housing options. Increasing number of people from Chennai, Cochin, and Bangalore are settling in the city, especially retired senior citizens looking for 2 BHK flats, and IT professionals.
Nagpur: Being one of the fastest growing cities in the country, the city is attracting people from around the country especially for its SEZ and MIHAN projects. Supposed to be the next IT hub of the state, it is witnessing a leap in the real estate profile.
Ahmadabad: Due to its rapid infrastructural development and rise in the automobile and petro chemical industries is offering properties within an affordable range. Kochi, and Ghaziabad, being well connected by roads and metro is offering a reasonable housing segment with the price range of 30-50 lakhs.
There are many more cities in country which are the major drivers of affordable home and attracting buyers to invest on.