Property prices for sale in Palakkad (Kerala)
The prices in real estate in Palakkad, in the Kerala 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 Palakkad has increased during the last 6 months. In October, the average price per sq.foot was ₹ 2,998. In November this price pretty much remained the same at a value of ₹ 3,024 per sq.foot. In the following two months the price per sq.foot has barely changed, going from ₹ 3,011 to ₹ 3,155.5 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 ₹ 3,083.25 to ₹ 3,207.5 during February y March
Based upon to the price in Palakkad (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is ₹ 54.21 lakhs. In November This price remains at ₹ 54.26 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 54.23 lakhs to ₹ 52.42 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 ₹ 53.33 lakhs and ₹ 52.06 lakhs between February and March.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 50.76 lakhs they are 66 % more affordable than the average price for Palakkad. The properties with the highest average price have 4 BHK, Their price is 0 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 34.4 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,169 / sq.foot, with an average ₹ 3,225 / sq.foot price in Palakkad. The properties with the lowest average prices have 1 BHK. They are 13 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 2,279 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 50.76 lakhs it is 38 % cheaper than the average price in Palakkad. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of ₹ 57.33 lakhs it is 105 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Commercial" at an average cost of ₹ 452 / sq.foot followed by "House" priced at ₹ 2,225 / sq.foot. "Land" is the most costly type of property with a ₹ 2.99 lakhs / sq.foot cost followed by "Flat" with an average price of ₹ 2,928 / sq.foot.
