What Can You Buy For Rs 40 L In Top Cities?

Most buyers looking for property target the affordable segment ─ this means units that are priced within Rs 50 lakh. According to PropTiger DataLabs report for the first quarter of the financial year 2017-18, this segment accounted for 54 per cent of the total home sales during the period.

Now, let us assume you can spend a total of Rs 50 lakh on your property purchase which includes various other related charges. So, you are looking for a property that should not cost you more than Rs 43 lakh. Now, let us see what your options are within your budget in nine major cities of the country.

Ahmedabad

In your budget, you could pick from over 1,840 options in this Gujarat city. Your options start with Rs 15 lakh and go up to Rs 43 lakh, data available with Makaan.com show. In your budget, you can also find spacious 3BHK units. If you want to keep the budget low, you could opt for lower configurations.

Currently, average property price in Ahmedabad stands at Rs 2,900 per square foot (sqft).

Bengaluru

You would be surprised to know that the sheer volume of options that await you in Bengaluru's real estate market. In a budget of Rs 15-42 lakh, you could buy from as many as 10,490 properties in India's information technology capital.

To be noted is the fact that Bengaluru is among those exceptional markets where property rates have been consistent, though marginally, rising. Currently, average property price in Bengaluru stands at Rs 4,800 per sqft.

Chennai

There are over 9,360 options of different configurations within your budget if you are eying one of the priciest property markets in south India. Currently, average property price in Chennai stands at Rs 5,400 per sqft. From peripheries to the prime parts, you could book a piece of Chennai for you in your budget.

Gurgaon

This is one of the priciest property markets in India, but let that fact not intimidate you. There are as many as 2,155 property options Gurgaon offers you between Rs15-42 lakh. However, when compared to similar units in cities such as Hyderabad, the size of units may be smaller.

Currently, average property price in Gurgaon stands at Rs 5,400 per sqft.

Hyderabad

Over 9,200 homes spread across Hyderabad are waiting for buyers which fall in your budget. Considering the market is full of brand-new spacious constructions, you will not have to make any compromises when it comes to location, amenities, etc.

Currently, average property price in Hyderabad stands at Rs 4,000 per sqft. This is another city where prices have consistently risen in the past three years, data show.

Kolkata

There are 6,150 housing options in Kolkata in case you have to spare up to Rs 43 lakh. These are an eclectic mixture of under-construction and ready-to-move-in homes, spread across the city. Property prices in the West Bengal capital stand at Rs 3,800 currently.

Noida

For Rs 15-24, you can pick from 3,951 units in Noida. If you stretch your budget further and are ready to spend Rs 25-33 lakh, you could pick from another 4,500 units. Another 4,500 units await you in case you can spend anywhere between Rs 33-43 lakh.

Currently, average property price in Noida stands at Rs 3,900 per sqft.

Mumbai

India's financial capital might be notorious for its highly expensive property, but there is no lack of options for homebuyers. Data show there are as many as 15,800 options that will cost you anywhere between Rs 15 lakh and Rs 43 lakh. However, be mindful of the fact that most of these units are located in the peripheries and are smaller in size when compared to similar units in other cities.  

Average property prices in the Maximum City stand at Rs 8,200 per sqft 

Pune

There are over 6,160 housing options falling in your budget if you are looking for a property in Pune, data available with Makaan.com show. Most of these units are located in the peripheries of the city. However, smaller units in prime parts are also available in your budget.

Currently, average property price in Pune stands at Rs 4,700 per sqft.