The prices in real estate in Allahabad, in the Uttar Pradesh region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.foot in Allahabad has fallen in the last 6 months. In August, the average price per sq.foot was ₹ 6,170. In September this price pretty much remained the same at a value of ₹ 5,978 per sq.foot. The price for the following two months in (October, November) had a considerable decrease of 76 with regard to the prior two months. The price per sq.foot has increased 109 % 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 ₹ 5,333 to ₹ 5,807.5 during December, and January.
Based upon to the price in Allahabad (cities), this has gone downing the last 6 months. The average price for August is ₹ 48.93 lakhs. During September the price had a considerable reduction till ₹ 23.51 lakhs. During the following two months (October, November) the average price had a considerable increase of 118 % 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 153 % 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 ₹ 50.3 lakhs they are 62 % more affordable than the average price for Allahabad. The properties with the highest average price have 4 BHK, Their price is 62 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 48.02 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the cheapest ones at a cost of ₹ 3,272 / sq.foot, with an average ₹ 5,493 / sq.foot price in Allahabad. The properties with the highest average prices have 2 BHK. They are 106 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 5,042 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 50.3 lakhs it is 78 % cheaper than the average price in Allahabad. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of ₹ 61.67 lakhs it is 309 % 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 ₹ 1,141 / sq.foot followed by "Villa" priced at ₹ 3,796 / sq.foot. "Commercial" is the most costly type of property with a ₹ 8.54 lakhs / sq.foot cost followed by "House" with an average price of ₹ 4,173 / sq.foot.