Q: I have a property at prime location in Kanpur.I wanted to know the ongoing rate per sq ft for that area.I'm planning to sell it off and invest the money in new property please suggest me the cities in which i should buy property for both living and investment purpose so that it can be used by my parents for living.
I have a suggestion for you.. You said that your parents will be living there. Then it is better to buy a house in Tier 2 or 3 cities than in major cities. Are you interested in cities surrounding Kanpur or anywhere else?
Hi Gaurav, the average rate per sq ft is Rs 800 - Rs 1200. But it is different for commercial/residential, areas, independent houses/flats, and many other factors.