What Are My Options for Investing in Udaipur Real Estate With an INR 20 Lacs Budget?

Udaipur’s real estate market offers investment opportunities across different property types and planning, catering to investors with varying budgets. With an 20 lacs of budget, investors can explore options like affordable UDA converted plots or RICCO residential plots, as well as ready to move in budget houses. Understanding available options, locations and associated costs can help investors compare opportunities based on their preferences and investment approach.

Costs to Consider Before Investing

Aside from the INR 20 lacs of budget, investors should account for the additional costs of buying a property in Udaipur. For a property worth INR 20 Lacs, the following additional charges may apply:

• Stamp Duty Charges
• Property Registration
• Property Tax
• Loan Stamp Duties
• UD Tax
• Mutation Fees
• Building Approval Charges etc.

For properties purchased with cash, investors should account for approximately 7.5% to 9% of total DLC Rate in additional costs, aside from the property investment budget of AED 20 Lacs.

Investment Options With INR 20 Lacs Budget in Udaipur

According to Udaipur Property Group’s data, investors with an INR 20 Lacs budget can explore plots in the following areas.

• Sector 14 Extension, Nela, offers an estimated ROI of around 10–12%, with an average property price of ₹35,00 per sq. ft.
• Kaya Balicha, South Extension, offers an estimated ROI of around 7–8%, with an average property price of ₹15,00 per sq. ft.
• Govardhan Villas, Jeevantara, offers an estimated ROI of around 10–12%, with an average property price of ₹4500 per sq. ft.
• Dabok, Udaipur, offers an estimated ROI of around 10%, with an average property price of ₹15,00 per sq. ft.
• Nathdwara Road offers an estimated ROI of around 9–10%, with an average property price of ₹750 per sq. ft.

Under Development Stage Plots & Houses

One option for investors to buy properties in Udaipur with AED 20 lacs is to consider under development units. These properties are purchased through the developer’s payment plan, with down payment requirements and instalments schedules varying by project and developer. There are multiple off-plan projects for sale in Udaipur available with a starting price of or below INR 20 Lacs.

Mortgage (Home Loan)

With an INR 20 Lacs budget, investors can consider purchasing a higher-value property through mortgage financing. Assuming a Loan-to-Value (LTV) ratio of 60%, the bank may finance up to 60% of the property value, while the investor contributes the remaining 40% as a down payment, subject to approval based on income, residency status and credit profile. For mortgaged properties, the overall expense can increase by around 6% to 8% due to additional costs, including mortgage processing fees, property registration and other associated charges.

Disclaimer: This article uses property listing prices advertised on udaipurpropertygroup.com by real estate agencies on behalf of their clients. Figures represent advertised prices only and do not reflect actual transaction prices unless stated. Reported metrics use a trimmed mean to provide a more robust market summary.