The prices in real estate in Ahmedabad, in the Gujarat 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 Ahmedabad has increased strongly during the last 6 months. In November, the average price per sq.foot was ₹ 5,266. In the following month the price per sq.foot increased considerably to ₹ 11,343. The price for the following two months in (January, February) had a considerable increment of 394 %. The price per sq.foot has had a considerable increase of 376 % 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 ₹ 20,505.25 to ₹ 77,119 during March, and April.
Based upon to the price in Ahmedabad (cities), this has gone up in the last 6 months. The average price for November is ₹ 86.78 lakhs. During December the price had a slight fall till ₹ 75.37 lakhs. During the following two months (January, February) the average price had a considerable reduction of 84 % 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 188 % 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 ₹ 1.44 crores they are 88 % more affordable than the average price for Ahmedabad. The properties with the highest average price have 4 BHK, Their price is 41 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 88.8 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,808 / sq.foot, with an average ₹ 78,111 / sq.foot price in Ahmedabad. The properties with the lowest average prices have 3 BHK. They are 64 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 17,358 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 1.44 crores it is 47 % cheaper than the average price in Ahmedabad. "Office" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of ₹ 2.15 crores it is 89 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "House" at an average cost of ₹ 7,843 / sq.foot followed by "Office" priced at ₹ 7,932 / sq.foot. "Commercial" is the cheapest type of property with a ₹ 67,065 / sq.foot value followed by "Flat" with an average price of ₹ 42,932 / sq.foot.