The average price of a house is currently around $11.4 million, but in some areas of India it can be as low as $2 million.
But for some of the world’s most populous countries, the average price is still lower.
In India, the country with the second-lowest house prices is in Maharashtra, with a house price of just $7,600.
But in other states, such as Tamil Nadu, Karnataka, Andhra Pradesh and Kerala, the house price is closer to $30,000.
And in Kerala, where the median house price hovers around $7 million, the median household income is $30 a month.
Here are the cheapest places to buy in India.
The price of house is determined by a number of factors, such the market value of the property and the location of the home, according to real estate broker Amit K. Verma.
The higher the price, the more desirable the property is, he says.