The prices in real estate in Lucknow, in the Uttar Pradesh 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.feet in Lucknow has had a strong decrease during the last 6 months. In August, the average price per sq.feet was ₹ 2,998. In the following month the price per sq.feet decreased considerably to ₹ 2,418. The price for the following two months in (October, November) had a considerable decrease of 81 with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 2,444.5 to ₹ 2,423.5 during December y January
Based upon to the price in Lucknow (cities), this has fallen considerably in the last 6 months. The average price for August is ₹ 39 lakhs. During September the price had a considerable reduction till ₹ 29.66 lakhs. During the following two months (October, November) the average price had a considerable reduction of 79 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 106 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 35.94 lakhs they are 31 % more affordable than the average price for Lucknow. The properties with the highest average price have 4 BHK, Their price is 154 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 60.17 lakhs.
With regard to the average price per sq.feet , those properties with 2 BHK are the most costly ones at a cost of ₹ 3,514 / sq.feet, with an average ₹ 2,607 / sq.feet price in Lucknow. The properties with the highest average prices have 4 BHK. They are 62 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 3,974 / sq.feet.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 35.94 lakhs it is 61 % cheaper than the average price in Lucknow. "House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Office". At a price of ₹ 68.84 lakhs it is 104 % 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 ₹ 968 / sq.feet followed by "Apartment" priced at ₹ 3,520 / sq.feet. "Office" is the most costly type of property with a ₹ 9,431 / sq.feet cost followed by "Villa" with an average price of ₹ 5,175 / sq.feet.