Expensive Residential Area: Even millionaires struggle to buy property in these expensive places in India; the prices will shock you
Expensive Residential Locations: Property prices are rising daily in many areas of the country. People's interest in property investment is also growing significantly. India boasts some of the most expensive property prices in the country. Yes, even millionaires struggle to purchase property in these locations. Let's find out the real estate prices in these locations.
Breaking News - (Expensive Residential Locations In India) Due to rising inflation, property prices are steadily rising in many areas of the country. There are many areas in India where property rates are quite high.
These areas of India are considered so posh that even millionaires hesitate to buy land here. Today, we're going to tell you about these posh areas of India, where expensive residential locations abound, and buying property here is beyond everyone's reach.
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The property is worth crores.
The average property rate in Tardeo, Mumbai, is around 52,000 rupees per foot. The price of a 2 BHK flat here is at least 3 to 4 crore rupees. This area is quite expensive. Meanwhile, property rates in Sadashiv Nagar, Bengaluru, are quite high. Most of the residents here are billionaires.
The average property rate in Sadashiv Nagar is around ₹46,500 per foot. A 2 BHK flat here will cost you around ₹1.5 crore to ₹2 crore (Property rates in Mumbai).
Posh area of Delhi
Property rates in Golf Links in Delhi are skyrocketing. Property prices here are quite high. According to 99 Acres, the current rate in Golf Links, a posh area of Delhi, is ₹1.62 lakh per square foot.
Malabar Hills in Mumbai is also a very posh area. This coastal area offers a rate of ₹75,742 per square foot. Property prices in Sector 5, Chandigarh, are quite high. Villas here cost up to ₹120 crore (approximately ₹1.2 billion). Property rates here are around ₹29,843 per square foot.
New Alipore, Kolkata
Average property rates in New Alipore, Kolkata, are ₹76,900 per square foot. Purchasing a property there would cost you millions of rupees. Similarly, in Banjara Hills, Hyderabad, the average property rate is ₹72,000 per square foot. Property rates here, too, run into the millions.