The prices in real estate in Jodhpur, in the Rajasthan 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 Jodhpur has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 4,183. In the following month the price per sq.foot increased considerably to ₹ 68,827. The price for the following two months in (December, January) had a considerable decrease of 10 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 25 % 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 ₹ 20,069.5 to ₹ 4,946.5 during February, and March.
Based upon to the price in Jodhpur (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 72.23 lakhs. During November the price went through a considerable rise reaching ₹ 4.05 crores. During the following two months (December, January) the average price had a considerable reduction of 30 % 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 ₹ 1.55 crores to ₹ 74.03 lakhs, which means a 48 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 69.49 lakhs they are 80 % more affordable than the average price for Jodhpur. The properties with the highest average price have 4 BHK, Their price is 15 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 53.33 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,213 / sq.foot, with an average ₹ 5,461 / sq.foot price in Jodhpur. The properties with the lowest average prices have 4 BHK. They are 3 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 4,147 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 69.49 lakhs it is 62 % cheaper than the average price in Jodhpur. "Villa" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Commercial". At a price of ₹ 56.03 lakhs it is 11 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 1,604 / sq.foot followed by "Commercial" priced at ₹ 3,156 / sq.foot. "Office" is the most costly type of property with a ₹ 9,423 / sq.foot cost followed by "House" with an average price of ₹ 4,363 / sq.foot.