The prices in real estate in Rajahmundry, in the Andhra Pradesh region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Rajahmundry has increased strongly during the last 6 months. In September, the average price per sq.foot was ₹ 2,943. In the following month the price per sq.foot increased considerably to ₹ 7,853. The price for the following two months in (November, December) had a considerable increment of 263 %. The price per sq.foot has decreased 87 % 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 ₹ 9,798 to ₹ 8,489.5 during January, and February.
Based upon to the price in Rajahmundry (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is ₹ 34 lakhs. During October the price went through a considerable rise reaching ₹ 56.01 lakhs. During the following two months (November, December) the price has had an average incrementation from ₹ 45 lakhs to ₹ 51.75 lakhs. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 48.38 lakhs to ₹ 40.07 lakhs, which means a 83 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 39.56 lakhs they are 38 % more affordable than the average price for Rajahmundry. The properties with the highest average price have 4 BHK, Their price is 319 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 47.52 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,322 / sq.foot, with an average ₹ 7,311 / sq.foot price in Rajahmundry. The properties with the lowest average prices have 4 BHK. They are 8 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 2,855 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 39.56 lakhs it is 57 % cheaper than the average price in Rajahmundry. "House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Commercial". At a price of ₹ 31.06 lakhs it is 231 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 847 / sq.foot followed by "Commercial" priced at ₹ 2,109 / sq.foot. "Villa" is the cheapest type of property with a ₹ 4,250 / sq.foot value followed by "House" with an average price of ₹ 2,376 / sq.foot.