I have spent a considerable amount of time in three or four Indian cities. I can tell you where is the cheapest place to buy property in India, based on my experience. As per the latest trends, Ahmedabad, Kolkata, and Chennai are the affordable cities for homebuyers. It is because of their favourable Price to Income (P/I) ratio.
Top 3 Cheapest Cities in India to Buy a House in 2025
Affordability is a major determining factor when purchasing a home. Let me inform you, P/I ratio is an essential indicator for evaluating affordability in the real estate industry. This ratio contrasts a city’s median annual household income with its median property price.
The following are the best locations in India to buy a house:
Ahmedabad: As far as I know, this city is the leader in affordability. The cost of living and home prices in this city are reasonably balanced.
Kolkata: For Indian homebuyers like me, Kolkata has always been one of the most reasonably priced cities. It keeps its P/I ratio at about 5. I have purchased a 2 BHK property in Diamond Harbour Road, Kolkata, at just Rs. 30 lakhs.
Chennai: Compared to some larger metropolitan regions like Bangalore, real estate prices in this city are lower.
Recently, in a report I studied, it is assumed that Kolkata will remain India’s most reasonably priced residential city. Hope this helps you.
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Where is the Cheapest Place to Buy Property?
Mitra5
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9 months
2025-04-28T20:26:02+00:00 2025-05-10T12:20:23+00:00Comment
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