The prices in real estate in Nagpur, in the Maharashtra region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.foot in Nagpur has increased during the last 6 months. In October, the average price per sq.foot was ₹ 2,209. In the following month the price per sq.foot increased to ₹ 2,335. In the following two months the price per sq.foot has increased 110 %, going from ₹ 2,272 to ₹ 2,506 per sq.foot. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 2,389 to ₹ 2,493 during February y March
Based upon to the price in Nagpur (cities), this has gone up considerably in the last 6 months. The price in October is ₹ 27.57 lakhs, rising in November till ₹ 30.58 lakhs. During the following two months (December, January) the price has had an average incrementation from ₹ 29.08 lakhs to ₹ 32.62 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 ₹ 30.85 lakhs and ₹ 32.23 lakhs between February and March.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the most costly ones. At a price of ₹ 33.7 lakhs they are 27 % more expensive than the average price for Nagpur. Following this ranking we find those properties with 3 at an average price of ₹ 62.14 lakhs. The properties with the highest average price have 1 BHK, Their price is 951 % more costly than the average. After that we have properties with 4 BHK priced at ₹ 95.25 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 3,502 / sq.foot, with an average ₹ 2,590 / sq.foot price in Nagpur. The properties with the highest average prices have 4 BHK. They are 111 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 4,201 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 33.7 lakhs it is 25 % cheaper than the average price in Nagpur. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of ₹ 1.14 crores it is 2139 % 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 ₹ 2,046 / sq.foot followed by "Villa" priced at ₹ 3,859 / sq.foot. "Commercial" is the most costly type of property with a ₹ 9,942 / sq.foot cost followed by "House" with an average price of ₹ 5,815 / sq.foot.