Check Out Your Options If You Can Invest Rs 1 Cr In Property

Most buyers might be looking for an affordable property, not you. You and your spouse have saved enough money and can spend as much as Rs 1 crore to buy a property in a city that promises healthy returns.  What are your options in that case?

Options galore in Mumbai, Pune

Data available with Makaan.com show a seller looking for a property within a budget of Rs 98 lakh and Rs 1.10 crore would find the highest number of options in Mumbai and Pune. The two cities in Maharashtra which are well known for expensive property laden with best-in-class amenities offer you a wide range of properties. While you can pick from 2,673 options in your budget in Mumbai, there are 1,129 units available for purchase in Pune. Average rate of property in Mumbai stands at Rs 8,200 per sqft. In Pune, prices stand at Rs Rs 4,700 per sqft.

Gurgaon, Bengaluru, Hyderabad not far behind

You would also not be disappointed by lack of choices in case you are looking for such a property in cities of Gurgaon, Bengaluru and Hyderabad. While there are 828 options available in your price range in Gurgaon, the Millennium City popular for its grand constructions, Bengaluru real estate has as many as 782 units to offer you. In Hyderabad, too, there are 680 available for purchase.

• To buy a square foot of space in Gurgaon, you have to pay an average price of Rs 5,400.
• Average property prices in Bengaluru stand at Rs Rs 4,800 per sqft.
• Average property prices in Hyderabad are Rs Rs 4,000 per sqft.

Options in Ahmedabad, Chennai, Kolkata and Noida

When compared to the cities mentioned above, property markets of Ahmedabad, Chennai, Kolkata and Noida have less number of options in your price range. These are the markets where affordable units are more popular and move much faster. However, that should not dampen your spirits. Combined together, these markets also have umpteen options to offer you. Listings at Makaan.com show there are 397 property options in Noida, 382 in Chennai, 365 in Ahmedabad and 363 in Kolkata.

• Average rate of property is Rs 2,900 per sqft in Ahmedabad.
• Average rate of property is Rs 5,400 per sqft in Chennai.
• Average rate of property is Rs 3,800 per sqft in Kolkata.
• Average rate of property is Rs 3,900 per sqft in Noida.

Also Read: What Happens If A Co-Owner Wants To Give Up His Ownership Rights?