The prices in real estate in Ahmedabad, in the Gujarat region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Ahmedabad has increased strongly during the last 6 months. In September, the average price per sq.foot was ₹ 5,622. In the following month the price per sq.foot increased considerably to ₹ 18,101. In the following two months the price per sq.foot has barely changed, going from ₹ 11,861.5 to ₹ 11,902.5 per sq.foot. The price per sq.foot has had a considerable increase of 119 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.foot of ₹ 11,882 to ₹ 14,106.5 during January, and February.
Based upon to the price in Ahmedabad (cities), this has gone up in the last 6 months. In our first sample month during September, the average price is ₹ 90.85 lakhs. In October This price remains at ₹ 88.98 lakhs. During the following two months (November, December) the average price had a considerable increase of 127 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₹ 1.02 crores and ₹ 1.01 crores between January and February.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 96.06 lakhs they are 59 % more affordable than the average price for Ahmedabad. The properties with the highest average price have 4 BHK, Their price is 186 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.04 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 6,299 / sq.foot, with an average ₹ 14,987 / sq.foot price in Ahmedabad. The properties with the lowest average prices have 3 BHK. They are 37 % cheaper than the average followed by properties with 4 BHK with a price at ₹ 8,806 / sq.foot.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of ₹ 96.06 lakhs it is 27 % cheaper than the average price in Ahmedabad. "Flat" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of ₹ 3.01 crores it is 492 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Office" at an average cost of ₹ 7,460 / sq.foot followed by "Commercial" priced at ₹ 10,154 / sq.foot. "Land" is the most costly type of property with a ₹ 23,220 / sq.foot cost followed by "Flat" with an average price of ₹ 13,256 / sq.foot.