The prices in real estate in Lucknow, in the Uttar Pradesh region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.foot in Lucknow has remained the same in the last 6 months. In September, the average price per sq.foot was ₹ 1,954. In October this price pretty much remained the same at a value of ₹ 1,920 per sq.foot. In the following two months the price per sq.foot has barely changed, going from ₹ 1,937 to ₹ 2,005 per sq.foot. The price per sq.foot has decreased 95 % 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 ₹ 1,971 to ₹ 1,866 during January, and February.
Based upon to the price in Lucknow (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is ₹ 24.91 lakhs. In October This price remains at ₹ 23.66 lakhs. During the following two months (November, December) the price has had an average incrementation from ₹ 24.29 lakhs to ₹ 27.02 lakhs. 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 ₹ 25.65 lakhs and ₹ 24.92 lakhs 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 ₹ 24.46 lakhs they are 16 % more affordable than the average price for Lucknow. The properties with the highest average price have 4 BHK, Their price is 280 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 64.69 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 3,635 / sq.foot, with an average ₹ 2,060 / sq.foot price in Lucknow. The properties with the highest average prices have 4 BHK. They are 162 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 4,944 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 24.46 lakhs it is 40 % cheaper than the average price in Lucknow. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of ₹ 1.21 crores it is 451 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 1,162 / sq.foot followed by "Villa" priced at ₹ 4,388 / sq.foot. "Commercial" is the most costly type of property with a ₹ 14,890 / sq.foot cost followed by "Office" with an average price of ₹ 9,908 / sq.foot.