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How much carpet area can INR 50 lakhs get you?

By 02/01/2019Posts

When it involves shopping for a property, house is given a large priority. and therefore the house we will get is determined by the number of cash we will pay on a property. A four BHK property in Chennai is probably going to price an equivalent as a two BHK property in urban center. Let’s decide what quantity house you’ll be able to purchase with a budget of government agency fifty lakhs across three necessary cities within the country.

Mumbai

The money capital of Asian country has been the foremost asked for belongings destination because of its economy, commonplace of living and most significantly its film fraternity. And with town quick reaching its saturation many residential pockets across the peripheries have developed. The growing demand for properties is pushing costs upwards here. Finding an opulent range in Mumbai remains a mere dream. for example, a four hundred sq. feet one BHK range in Navi Mumbai or Thane or perhaps the freshly developed jap suburbs would value regarding bureau fifty lakhs. but constant area can value not but a pair of crores within the town.

Chennai

Cited to be one in all the foremost promising cities belongings wise, metropolis has caught the eye of the many home patrons. The presence of enormous tracts of land and its growing IT/ITeS sector has reworked this town into a world belongings hotspot. whereas larger homes that contact an enormous carpet space square measure restricted to neighbourhoods like OMR (Old Mahabalipuram Road) and ECR (East Coast Road), areas like Adyar and Pakistani monetary unit Nagar or localities on the southern region of town provide smaller areas at similar costs. for example, a a pair of or three BHK living accommodations in OMR that gives a carpet space of over one,200 sq. feet is calculable to value anyplace between bureau forty one lakhs and bureau forty eight lakhs. A 750 sq. feet range in Adyar is calculable to value a mean of bureau forty seven lakhs. therefore if you trying to get generous living areas, freshly developing square measureas are ideal locations for you.

Bangalore

Despite being a sluggish market, town continues to be brimfull with construction activity. far-famed for being one in all the quickest developing cities, Bangalore boasts of getting a belongings sector that’s growing by leaps and bounds. and also the growing housing demand is additional increasing the city’s belongings horizons, thereby making many new residential pockets. whereas some demand is being driven by the IT sector, some is driven by the growing commercial/industrial belt. whereas developing localities square measure providing generous living areas at economical costs, established localities square measure still holding on to the high tag.

People square measure currently moving removed from investment in ancient individual homes to high rise residences. High maintenance value associate degreed security square measure 2 factors that square measure pushing home patrons to maneuver into an living accommodations.

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