The prices in real estate in Ahmedabad, in the Gujarat 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 Ahmedabad has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 6,707. In the following month the price per sq.foot decreased considerably to ₹ 5,004. The price for the following two months in (December, January) had a considerable decrease of 80 with regard to the prior two months. The price per sq.foot has had a considerable increase of 116 % 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 ₹ 5,265.5 to ₹ 6,085.5 during February, and March.
Based upon to the price in Ahmedabad (cities), this has gone up considerably in the last 6 months. The price in October is ₹ 75.22 lakhs, rising in November till ₹ 86 lakhs. During the following two months (December, January) the price has had an average incrementation from ₹ 80.61 lakhs to ₹ 91.43 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 124 % 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 ₹ 1.17 crores they are 73 % more affordable than the average price for Ahmedabad. The properties with the highest average price have 4 BHK, Their price is 115 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 96.42 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,543 / sq.foot, with an average ₹ 5,882 / sq.foot price in Ahmedabad. The properties with the highest average prices have 4 BHK. They are 88 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 5,630 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 1.17 crores it is 25 % cheaper than the average price in Ahmedabad. "Commercial" is seen as the second most affordable property type. The dearest property type is "Bungalow" followed by "House". At a price of ₹ 2.27 crores it is 356 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 3,261 / sq.foot followed by "Flat" priced at ₹ 5,021 / sq.foot. "Bungalow" is the most costly type of property with a ₹ 1.33 lakhs / sq.foot cost followed by "Commercial" with an average price of ₹ 87,554 / sq.foot.