Property prices for sale in Tirupati (Andhra Pradesh)
The prices in real estate in Tirupati, in the Andhra 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.foot in Tirupati has had a strong decrease during the last 6 months. In November, the average price per sq.foot was ₹ 5,425. In the following month the price per sq.foot decreased to ₹ 4,913. The price for the following two months in (January, February) had a considerable decrease of 64 with regard to the prior two months. 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 ₹ 4,235.25 to ₹ 3,702 during March, and April.
Based upon to the price in Tirupati (cities), this has fallen considerably in the last 6 months. The average price for November is ₹ 1.19 crores. During December the price had a slight fall till ₹ 1.1 crores. During the following two months (January, February) the average price had a considerable reduction of 46 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 83.4 lakhs to ₹ 51.01 lakhs, which means a 61 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 50.28 lakhs they are 53 % more affordable than the average price for Tirupati. The properties with the highest average price have 4 BHK, Their price is 135 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 51.09 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,089 / sq.foot, with an average ₹ 3,812 / sq.foot price in Tirupati. The properties with the highest average prices have 4 BHK. They are 49 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 3,450 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 50.28 lakhs it is 36 % cheaper than the average price in Tirupati. "Commercial" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 51.74 lakhs it is 170 % 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 ₹ 1,277 / sq.foot followed by "Commercial" priced at ₹ 1,595 / sq.foot. "Villa" is the most costly type of property with a ₹ 4,986 / sq.foot cost followed by "House" with an average price of ₹ 4,123 / sq.foot.
