The prices in real estate in Alibag, in the Maharashtra region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.foot in Alibag has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 4,546. In November this price pretty much remained the same at a value of ₹ 4,637 per sq.foot. The price for the following two months in (December, January) had a considerable decrease of 71 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 72 % 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 ₹ 3,917.5 to ₹ 2,822 during February, and March.
Based upon to the price in Alibag (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 1.72 crores. During November the price had a slight fall till ₹ 1.5 crores. During the following two months (December, January) the average price had a considerable reduction of 69 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 1.36 crores to ₹ 1.03 crores, which means a 76 % fall.
The graph showing the average price for BHK displays the property with the lowest price has 1 BHK. It is 74 % cheaper than the average price of ₹ 28.69 lakhs in Alibag. Based on the BHK values, properties with the lowest prices are those with 2 BHK. They are 59 % more affordable than the average aforementioned.
With regard to the average prices per sq.foot those properties with 1 BHK are 153 % more costly than the average price of (₹ 7,766 / sq.foot) in Alibag. Properties with the most expensive price based upon to the number of BHK / sq.foot are those with 2 BHK. They are 459 % more costly than the average value aforementioned.