Top 10 Cheapest Cities in India For A Home Buyer

Buying a home for oneself and one's family is a significant milestone in one's life, and finding an affordable city to settle down in is a crucial consideration for many prospective homebuyers. With its diverse landscape and vibrant cities, India offers numerous options for those seeking affordable housing. 

Here are the top 10 cheapest cities in India for homebuyers. With valuable insights into each city's affordability, quality of life, and real estate prospects, home buying can become a much easier decision.

1. Jaipur:

Known as the Pink City, Jaipur tops our list of the top 10 cheapest cities in India as it is one of the most affordable cities for homebuyers in India. With its rich cultural heritage, Jaipur offers a high quality of life coupled with affordable property prices. The city's real estate market is expanding rapidly, providing a range of budget-friendly options for buyers. 

The average price per square foot here is Rs. 4087. 

2. Ahmedabad:

Ahmedabad, the commercial hub of Gujarat, is renowned for its thriving textile and pharmaceutical industries. The city boasts affordable housing options and a low cost of living, deeming it an attractive destination for homebuyers. Additionally, Ahmedabad offers excellent infrastructure, educational institutions, and a robust transportation network. 

The average price per square foot here is Rs. 6164.

3. Bhubaneswar:

The capital city of Odisha, Bhubaneswar, combines a rich cultural heritage with a low cost of living. The city has witnessed significant development in recent years, resulting in a surge of affordable housing projects. Bhubaneswar offers a pleasant climate, well-planned infrastructure, and good connectivity, making it an ideal choice for homebuyers.

The average price per square foot in Bhubaneswar is Rs. 5,568

4. Indore:

Located in Madhya Pradesh, Indore has emerged as a significant commercial centre in Central India. The city offers excellent healthcare facilities, a high standard of living, and affordable housing options. With its clean and green environment, Indore has become a preferred choice for homebuyers looking for affordability and a good quality of life.

The average price per square foot in Indore is Rs. 4,779.

5. Kochi:

Kochi, situated in the southern state of Kerala, is a picturesque city known for its backwaters and natural beauty. Despite its growing prominence, Kochi has managed to maintain affordable property prices, making it an attractive destination for homebuyers. The city also offers excellent infrastructure, good educational institutions, and a peaceful living environment.

The average price per square foot here is Rs. 5,503. 

6. Lucknow:

The capital of Uttar Pradesh, Lucknow, is a city steeped in history and culture. It has witnessed significant real estate development in recent years, with numerous affordable housing projects being launched. Lucknow offers a low cost of living, good connectivity, and a rich heritage, making it an enticing option for prospective homebuyers.

The average price per square foot here is Rs. 4780

7. Nagpur:

Nagpur, located in Maharashtra, is known as the "Orange City" and is renowned for its vibrant economy. The city offers affordable housing options and a low cost of living; in addition to that, it also has good educational institutions and healthcare facilities. Nagpur's strategic location in the heart of India adds to its appeal for homebuyers.

The average price per square foot here is Rs. 4846.

8. Patna:

The capital city of Bihar, Patna, has witnessed rapid urbanisation and infrastructure development in recent years. The real estate market in Patna offers affordable housing options, making it an attractive choice for homebuyers. The city's rich history, cultural heritage, and upcoming infrastructural projects make it an enticing destination for investment.

The average price per square foot here is Rs. 6,314.

9. Raipur:

Raipur, the capital of Chhattisgarh, is a rapidly growing city that offers affordable housing options and a good standard of living. The city boasts excellent connectivity, a well-developed transportation network, and a range of amenities, making it an emerging real estate destination in Central India.

The average price per square foot here is Rs. 3,078.

10. Surat:

Surat, known as the "Diamond City," is a major economic hub in Gujarat. The city offers affordable housing options and a low cost of living, and naturally, it becomes an appealing homebuying destination. Surat's thriving diamond and textile industries, coupled with good infrastructure and transportation facilities, contribute to its popularity among investors.

The average price per square foot here is Rs. 4,132.

Conclusion:

Affordability is a critical factor influencing most decision-making processes, especially home buying. The top 10 cheapest cities in India mentioned above offer a combination of affordability, quality of life, and real estate prospects, making them attractive options for homebuyers in India. Whether you're seeking a culturally rich experience, a vibrant commercial hub, or a peaceful environment, these cities have something to offer everyone.