Which are the best places to buy a house in India? Panvel - Mumbai, Mahadevpura - Bangalore, Hebbal - Bangalore, Mira Road East - Mumbai, Andheri - Mumbai, Sector 60 - Noida, Saket - Delhi are a few best places to buy a house.
Hyderabad, Telangana
The city has well-developed residential localities such as Manikonda, Miyapuri, and Sainikpuri that offer homes in the range of Rs 30-50 Lakh. By comparing to other metropolitan cities, Hyderabad tops the list of 10 cheapest cities to uy a home in India in 2022.
Which state is best to buy property in India? With the ongoing trends, Maharashtra seems to be one of the best options when it comes to investing in real estate in India. 2.
Antilia. Owned by Mukesh Ambani, the owner of Reliance Industries, Antilia is not just India's costliest house but also tops the list of the world's costliest houses. Situated in one of the most expensive roads in Mumbai, the Altamount Road, Antilia is a 568-foot skyscraper featuring 27 floors.
1. Malabar Hill. Malabar Hill is not just the most posh area in Mumbai but India's most exclusive residential address, where most of the residents are billionaires and millionaires.
As per it, in 2022 average luxury real estate price in Mumbai stood at Rs 707,996 per square-meter or Rs 65,771 per square-feet. While in Delhi, the average rate of luxury properties was Rs 353,982 per sq. meter or Rs 32,886 per sq. ft.
Flats offer cost-effectiveness, low maintenance, amenities, and security, but lack privacy, restrict modifications, and may have disputes. Independent homes offer more space and privacy, customization options, and higher resale value, but come with higher costs and maintenance, security issues, and isolation.
Why is Mumbai the most expensive city in India? According to Mercer's 2022 Cost of Living survey, Mumbai is the most expensive city to live in India.
Investment potential
In terms of cost, buying a plot is relatively cheaper as the overhead costs are lesser when compared to an apartment. However, in terms of availability, apartments score over plots due to space crunch in metro cities.
The Ideal Age (30 - 35)
Furthermore, the salary at this stage would be higher than at an earlier age, and the individual could get a good deal on a bank loan for 20-25 years.
Mumbai: Mumbai, the financial capital of India, has always been a popular destination for real estate investment. The city is expected to witness a surge in demand for residential properties in 2023.
Plot vs Flat - Returns
Experts say that plots appreciate faster than apartments. This is mainly because plots are less in supply in the market. Age does not affect your investment in plots, as it does in the case of apartments. Appreciation depends on the location and proximity to big infrastructure projects.
Best Floors as per Vastu
According to Vastu the ground, first, second and third floors are the best floors to live in because they are close to the water element. Any apartment above the fourth floor is devoid of water elements, which can generate a tussle in relationships.
In conclusion
The opportunity cost of buying a home is much higher than renting one. However, if you are at a stage where you are stable in life and with your finances, this can be the correct next step for you.
NEW DELHI: Buying a house is a big investment, and it's important to be well-informed and prepared before making a decision. It is important to do your research to ensure that you are making an intelligent decision.
Antilia, owned by billionaire industrialist Mukesh Ambani, is the most expensive house in India. Moreover, Antilia, located on Altamount Road in South Mumbai, is also considered among the most expensive houses in the world.
The cost to build a luxury house in India in the premium or high-end class fall between the price range of Rs. 1 crore to Rs. 1.5 crore. Luxury property projects in sought-after areas of Mumbai have prices between Rs 25,000 to Rs 1.10 lakh per square foot.
How much does it cost to buy a house in India? The cost of a house depends on the size and location of the property. While in Tier-1 cities, a 2 BHK flat may cost around Rs 45-60 lakh, in Tier-3 cities, it may be easily available within Rs 40 lakh.
Mumbai is the financial capital of India and is also home to the maximum number of wealth creators of the country with over 280 of the richest Indians residing in the city that is also known as the 'City of Dreams'.
Buildings nowadays are much stronger than in the 1900s. Most flats have a lifespan of 75-100 years and with proper maintenance, they can last longer. So, you don't really need to worry about a building older than 50 years.