Setting out on the search of a home with a budget of 1 crore rupees, might leave you frustrated or contented depending on the city you choose.
Mumbai
The financial hub of Mumbai boasts of the costliest Real Estate market in India. Isn’t it justified to for the city to not offer 1 crore homes within its perimeter?
This budget can fetch you only a one-room flat over an area of 250 square feet in Bandra, which houses Bollywood belvederes. It is counted amongst the neighborhoods that are highly in demand.
The 2 bhk and 1 bhk apartments in localities like this, measure an area of 625 and 425 square feet, respectively.
According to the brokers, residential units in proximity to these areas are priced at a range of 40,000 to 50,000 rupees per square foot. Andheri gives you a little hope of acquiring a 1 bhk flat of 500 square feet area.
Suburban areas like Navi Mumbai and Thane may fare well for you since 2 and 3 bhk apartments are available here with sizes varying from 900 to 1500 square feet.
Delhi
Now moving to Delhi, you can pin hopes on the reputed locations of NCR, namely Gurgaon and Noida. The 1 crore worth apartments with 2 and 3 bedrooms available here are spacious enough with sizes ranging within 1,250 and 1,700 square feet area.
The data of the country’s leading property consultant shows the availability of a massive 3 bhk apartment with a size of 1,550 square feet by the Dwarka Expressway. The size expands to 1,700 square feet for the same property type and budget when you choose Indirapuram, Ghaziabad as the location.
Others
The highest property rates vary between 6,000 and 11,000 rupees per square foot in prominent smaller cities like Kanpur and Lucknow.
Bengaluru homes are priced at 5,000 to 7,000 rupees per square feet, which rises by 10-20 percent in Thane with prices per square foot between 9,000 and 17,000 rupees.
Kolkata is an exception amongst the Metro cities of India, offering 2 to 3 bhk flats in its southern part comprising posh localities.
The bottom line is that 1 crore budget isn’t enough if you aren’t ready to compromise on both location and apartment size. But prioritizing any one of the two can get you a fair deal.
Whether you have chosen or looking to purchase from the numerous 3 bhk flats in Kolkata, contact us at transventor.in. We offer all the guidance and assistance required by you to buy or sell a property without risking your investment.
