Buying a home is becoming increasingly challenging for the middle class in India’s major cities. Property prices are continuously rising in cities like Delhi, NCR, Mumbai, and Bangalore, where finding a home for less than one crore is considered lucky. In such a scenario, if you are looking to invest in property, there are some cities in the country where you can consider buying.
Where can you find affordable homes in Ahmedabad?
Ahmedabad is the largest city in Gujarat and is rapidly becoming one of India’s major economic centers. The biggest advantage of Ahmedabad is that property prices here are still significantly lower compared to other metro cities. The average price of a 2-BHK flat in Ahmedabad ranges between ₹35 lakh and ₹60 lakh. In the outskirts of the city, such as Narol, Chandkheda, and around S.P. Ring Road, you can find even more affordable options.
Projects like the Bullet Train, Metro Rail Phase-2, and GIFT City have made this city even more attractive. Employment opportunities are also increasing here due to industries such as pharmaceuticals, textiles, and automobiles. Ahmedabad offers a peaceful and secure lifestyle with excellent connectivity. The cost of living here is also much lower compared to Mumbai or Bangalore.
Affordable property is also available in Pune
Pune is often called the “Cultural Capital of Maharashtra,” but it is now also known as an IT and automobile hub. Despite being close to Mumbai, property prices in Pune are largely under control. The average price of a 2-BHK flat in Pune ranges between ₹50 lakh and ₹80 lakh, which is less than half of Mumbai’s prices. Areas like Wakad, Hinjawadi, and Kharadi offer options ranging from affordable to luxury. The Pune Metro, Ring Road projects, and the continuous development of new IT parks make it an excellent place for investment.
One special feature of Pune is its pleasant weather throughout the year. The educational environment here is very good. It is an ideal city for both students and working professionals.
Affordable property is also available in Lucknow
Lucknow, the capital of Uttar Pradesh, also known as the “City of Nawabs,” is now rapidly advancing in terms of infrastructure development and connectivity. Property in Lucknow is still very affordable, and good returns are expected in the future. The average price of a 2-BHK flat in Lucknow ranges between ₹30 lakh and ₹55 lakh. In newly developed areas of the city, such as around Shaheed Path and Faizabad Road, you can find good property at lower prices.
Projects like the Lucknow Metro, Purvanchal Expressway, and Lucknow-Agra Expressway have greatly improved connectivity here. Many new educational institutions and business centers are also opening here. The cost of living and daily necessities here are quite affordable.
You can also buy a home in Indore
Indore has consistently been India’s cleanest city for several years. It is the economic center of Madhya Pradesh, and the real estate market here is continuously growing. Property prices in Indore are still very affordable, making it an excellent choice for first-time homebuyers. The average price of a 2-BHK flat in Indore ranges between ₹25 lakh and ₹45 lakh. The Metro Rail project, bypass roads, and industrial development have boosted the real estate market here. Many IT companies are also opening offices here. Public transport and other facilities here are very good, making life much easier.
Opportunity to buy a home in Jaipur
Jaipur, also known as the “Pink City,” is the capital of Rajasthan. It is a major tourist center and is also becoming a large hub for education and business. Property prices in Jaipur are still lower compared to metro cities. The average price of a 2-BHK flat in Jaipur ranges between ₹30 lakh and ₹50