Affordable Flats for Sale in India - Below 20 Lakhs

As property prices are moving north having affordable home in tier 1 and tier 2 cities of India are increasingly becoming difficult. In India flats below 20 lakhs would be surely quite affordable but is hard to find. 

If one searches apartments of following characteristics he can surely get a good affordable flat under 20 lakhs.

1. Avoid big projects that charge lot of bucks for extra amenities which make the total cost of home ownership highly expensive.

2. Look for apartments in areas where lot of supply exists which means lot of developers have launched projects in that area.

3. Try to buy new or resale apartment in standalone buildings so that the you get more carpet area out of super builtup area which makes a 700 sq ft flat equivalent in usable size to 800 sq ft in a modern complex.

4. Opt for 2 bhk than 3 bhk until and unless your family is big, as that will help you in getting a smaller apartment with large usable space.

5. Last but not the least you can check foreclosure properties lying with indian banks which are sold at very affordable rate. But you need to be cautious here for any pending dues or litigations.

You can search apartment within 20 lakh range using any property portal such as 99acres or magicbricks etc. Just select the city and range the portal will surely throw you number of properties matching your criteria.

1 comment:

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