The prices in real estate in Vapi, in the Gujarat 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 Vapi has increased during the last 6 months. In October, the average price per sq.foot was ₹ 2,467. In November this price pretty much remained the same at a value of ₹ 2,394 per sq.foot. In the following two months the price per sq.foot has increased 105 %, going from ₹ 2,430.5 to ₹ 2,559 per sq.foot. The price per sq.foot has had a considerable increase of 125 % 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 ₹ 2,494.75 to ₹ 3,119 during February, and March.
Based upon to the price in Vapi (cities), this has gone up considerably in the last 6 months. The average price for October is ₹ 41.88 lakhs. During November the price had a considerable reduction till ₹ 31.64 lakhs. During the following two months (December, January) the average price had a considerable increase of 122 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 173 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 81.88 lakhs they are 83 % more affordable than the average price for Vapi. The properties with the highest average price have 4 BHK, Their price is 30 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 58.52 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,102 / sq.foot, with an average ₹ 3,377 / sq.foot price in Vapi. The properties with the highest average prices have 3 BHK. They are 114 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 3,665 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 81.88 lakhs it is 66 % cheaper than the average price in Vapi. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Villa". At a price of ₹ 68.42 lakhs it is 2 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 2,580 / sq.foot followed by "House" priced at ₹ 2,626 / sq.foot. "Villa" is the most costly type of property with a ₹ 3,992 / sq.foot cost followed by "Commercial" with an average price of ₹ 3,892 / sq.foot.