The prices in real estate in Alwar, in the Rajasthan 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 Alwar has had a strong decrease during the last 6 months. In July, the average price per sq.foot was ₹ 5,261. In the following month the price per sq.foot decreased considerably to ₹ 2,907. The price for the following two months in (September, October) had a considerable decrease of 76 with regard to the prior two months. The price per sq.foot has increased 106 % 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 ₹ 3,591.5 to ₹ 3,805.5 during November, and December.
Based upon to the price in Alwar (cities), this has fallen considerably in the last 6 months. The average price for July is ₹ 2.66 crores. During August the price had a considerable reduction till ₹ 32.87 lakhs. During the following two months (September, October) the average price had a considerable reduction of 20 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 89.68 lakhs to ₹ 31.5 lakhs, which means a 35 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 30.9 lakhs they are 33 % more affordable than the average price for Alwar. The properties with the highest average price have 4 BHK, Their price is 80 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 45.14 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the most costly ones at a cost of ₹ 4,155 / sq.foot, with an average ₹ 3,835 / sq.foot price in Alwar. The properties with the highest average prices have 1 BHK. They are 17 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 4,275 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 30.9 lakhs it is 32 % cheaper than the average price in Alwar. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of ₹ 1.83 crores it is 1708 % 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 ₹ 2,478 / sq.foot followed by "Land" priced at ₹ 3,622 / sq.foot. "Commercial" is the most costly type of property with a ₹ 15,811 / sq.foot cost followed by "House" with an average price of ₹ 12,105 / sq.foot.