The prices in real estate in Ahmedabad, 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 Ahmedabad has increased during the last 6 months. In January, the average price per sq.foot was ₹ 4,811. In the following month the price per sq.foot increased considerably to ₹ 6,289. In the following two months the price per sq.foot has barely changed, going from ₹ 5,550 to ₹ 5,423 per sq.foot. The price per sq.foot has decreased 88 % 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 ₹ 5,486.5 to ₹ 4,853 during May, and June.
Based upon to the price in Ahmedabad (cities), this has gone downing the last 6 months. In our first sample month during January, the average price is ₹ 97.93 lakhs. In February This price remains at ₹ 96.06 lakhs. During the following two months (March, April) the price has had an average incrementation from ₹ 97 lakhs to ₹ 1.06 crores. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 1.01 crores to ₹ 78.36 lakhs, which means a 77 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 75.86 lakhs they are 78 % more affordable than the average price for Ahmedabad. The properties with the highest average price have 4 BHK, Their price is 153 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 81.05 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,753 / sq.foot, with an average ₹ 5,115 / sq.foot price in Ahmedabad. The properties with the highest average prices have 4 BHK. They are 19 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 4,840 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 75.86 lakhs it is 22 % cheaper than the average price in Ahmedabad. "Land" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Commercial". At a price of ₹ 1.65 crores it is 119 % 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 ₹ 4,324 / sq.foot followed by "Land" priced at ₹ 5,547 / sq.foot. "Commercial" is the most costly type of property with a ₹ 15,693 / sq.foot cost followed by "Office" with an average price of ₹ 8,506 / sq.foot.