The prices in real estate in Alwar, in the Rajasthan 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 Alwar has fallen in the last 6 months. In November, the average price per sq.foot was ₹ 3,776. In December this price pretty much remained the same at a value of ₹ 3,835 per sq.foot. In the following two months the price per sq.foot has barely changed, going from ₹ 3,805.5 to ₹ 3,759.5 per sq.foot. The price per sq.foot has had a considerable deflation of 82 % 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 ₹ 3,782.5 to ₹ 3,095.5 during March, and April.
Based upon to the price in Alwar (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is ₹ 32.09 lakhs. In December This price remains at ₹ 30.9 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 31.5 lakhs to ₹ 32.09 lakhs. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 94 %, going from ₹ 31.79 lakhs to ₹ 29.94 lakhs in March and April.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 32.56 lakhs they are 37 % more affordable than the average price for Alwar. The properties with the highest average price have 4 BHK, Their price is 70 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 43.43 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,326 / sq.foot, with an average ₹ 3,267 / sq.foot price in Alwar. The properties with the highest average prices have 4 BHK. They are 29 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 3,579 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 32.56 lakhs it is 35 % 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 1609 % 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 ₹ 2,466 / sq.foot followed by "Land" priced at ₹ 3,606 / sq.foot. "Commercial" is the most costly type of property with a ₹ 15,747 / sq.foot cost followed by "House" with an average price of ₹ 12,053 / sq.foot.