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Affordable Places in India to Invest in Buying a Home

​As you grow in life, managing finances, buying a car, and even owning a home become part of your priorities. However, from all of the things mentioned above, buying a home is one of the most expensive things and if not planned well, it may burn a hole in your pocket. 

Today, the real estate market in India is booming like never before. However, that should not stop you from buying the house of your dreams. To help you with this, we have put together a list of some of the most affordable places in India to buy a home.

Considered among the most affordable cities to buy a home in, Hyderabad is one of the three-tier cities that gives you complete value for money when it comes to real estate. While Hyderabad’s housing sector had taken a setback due to global recession, today, places within the city like Manikonda, Kukatpally, Miyapur, and Sainikpuri have houses at affordable prices.

Booming in the real estate sector, Pune is considered to be the next housing hub after Mumbai. Moreover, the city has also seen a growth in the affordable housing sector.

Navi Mumbai
Close to the city of Mumbai, places like Dronagiri, Ulwe, and Kalamboli in Navi Mumbai have become increasingly popular not only due to the upcoming international airport at Panvel but also because of the affordability they provide a homebuyer with. With a nominal budget, you may easily be a proud homeowner in Navi Mumbai today.

While earlier Kochi mainly catered to the affluent class for housing, today it is not the case. These days, around 60% of the total housing projects in the city come under the banner of affordable housing, thereby making it a perfect place to buy an affordable house.

One of the rapidly growing residential areas of the National Capital Region (NCR), Ghaziabad has a number of residential properties within an affordable budget. With easy access to the metro rail, the widening of NH4, as well as connectivity to roads that lead to commercial areas, the city offers ready-to-move in properties to mid-budget home seekers.

Jaipur in Rajasthan, Nagpur in Maharashtra, Surat in Gujarat, and Coimbatore in Tamil Nadu are some of the other places in India where mid-budget home seekers may look for their dream homes. These cities and towns offer a wide variety of residential investment options at rates that a lot of people are able to afford. And what’s even better is the fact that these properties are set to see a high growth in investments over the coming years.

Buying your dream house is not enough, protecting it with a home insurance policy is equally important. Availing of a house insurance​ protects your property against damage from hazards like fire, smoke, storms, vandalism, theft, and other mishaps. Therefore, own and home at your desired location and protect it with an insurance today.