The prices in real estate in Lucknow, in the Uttar Pradesh region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Lucknow has fallen in the last 6 months. In July, the average price per sq.feet was ₹ 2,635. In the following month the price per sq.feet increased to ₹ 2,998. The price for the following two months in (September, October) had a considerable decrease of 83 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 84 % 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.feet of ₹ 2,579.5 to ₹ 2,167.5 during November, and December.
Based upon to the price in Lucknow (cities), this has gone downing the last 6 months. The average price during our first sample month during July, is ₹ 33.31 lakhs. During August the price went through a considerable rise reaching ₹ 39 lakhs. During the following two months (September, October) the average price had a considerable reduction of 80 % 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 ₹ 32.57 lakhs to ₹ 27.42 lakhs, which means a 84 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 29 lakhs they are 23 % more affordable than the average price for Lucknow. The properties with the highest average price have 4 BHK, Their price is 203 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 58.38 lakhs.
With regard to the average price per sq.feet , those properties with 2 BHK are the most costly ones at a cost of ₹ 3,569 / sq.feet, with an average ₹ 2,240 / sq.feet price in Lucknow. The properties with the highest average prices have 4 BHK. They are 115 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 3,718 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 29 lakhs it is 58 % cheaper than the average price in Lucknow. "Apartment" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Villa". At a price of ₹ 68.17 lakhs it is 138 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Land" at an average cost of ₹ 871 / sq.feet followed by "Apartment" priced at ₹ 3,643 / sq.feet. "Office" is the most costly type of property with a ₹ 9,441 / sq.feet cost followed by "Villa" with an average price of ₹ 4,753 / sq.feet.