An Affordable house is the need of the hour. In order to get best but affordable, we are often get confused by the multiple offers that are being offered to us by the various Developers. Here is the list of top 5 affordable cities in India, where you can buy your dream home. All these cities are best in terms of infrastructure as well as realty market trends. For convenience we have considered a range of Rs.30Lakh to Rs.50 lakh as an affordable range.
Hyderabad tops the list among all the tier-I cities of India. Kukatpally, Manikonda, High Tech City, Sainikpuri and Miyapur are soere are multiple options in the range of 30 Lakh to 50 Lakh. Though the price offered is reasonable still there is no compromise with the facilities and infrastructure.
The Hyderabad Growth Corridor enabled the construction of the 158 km long Outer Ring Road as road -cum- area development project leading to the development of well planned and well connected urban settlements around the city. Besides, the existing roads are widened to be the express highways. The longest flyover of the country, PVN Rao Express Highway connecting the International Airport and JN Express Highway has shrunk distances within the city. The commuting has become easy for citizens in far corners of the city enabling free movement to city centers.
The second on the list is Bangalore. You might have thought it to be expensive, but it also has great supply of properties within Rs.50 Lakh. A large number of projects by various agencies like BMRCL, BBMP,BDA, Railways and NHAI are currently in progress, which will help in easing traffic congestion in future. However major supply is available only in the main cities of Bangalore like Sarjapur, Road, Whitefield, Electronic city. If you are planning to buy a home in Bangalore, You must consider these Localities.
Ghaziabad used to offer affordable houses and it is expected to do so in future. Affordable houses are being offered by the Development Authority as well as by the Private Builders. One can get a dream home at starting price of only Rs.30 lakh. In Recent years, Ghaziabad Development Authority has announced various projects in Indirapuram, vaishali, Madhuban bapudham and Koyal Enclave, which has been a great success. You can check the latest affordable housing projects by the Ghaziabad development Authority here
In recent years, a strategic push in infrastructural development by the government has also pushed realty growth to new levels in Ghaziabad. The state and local authorities like GDA (Ghaziabad Development Authority), UP Awas Vikas Parishad, and the local municipal corporation have all been developing infrastructure in a planned in this city.After the city got the Metro connectivity, a new plan has chalked out a rapid Metro rail link from Delhi to Meerut, running through Ghaziabad. Multiple flyways and flyovers have also increased the connectivity of Ghaziabad to Delhi, Noida, Meerut, and other adjoining cities.
Pune is one of the most advanced and popular cities of Maharastra. Also it is the only place where you will find the least gap between the Rich and the Poor. If we talk about the infrastructure, Pune has become the 6th largest economy of India. Pune has cluster of education hub and IT center, However realty rates in Pune are lower than Bangalore. Localities like Baner, Wakad, Kharadi and Hadapsar offer houses in the budget of Rs 30-50 lakh. However,except Baner, all these localities are still in the developing stage.
Last but not the least, Ahemdabad ends the list. The reason behind this is the small size of real market. But the city has already made initiative to compete with other cities with the introduction of bullet trains,and huge investments by GIFT in the states like Satellite, Gota, South Bopal and Bopal are the few localities in Ahemedabad that are offering houses at affordable rates.