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 March, the average price per sq.foot was ₹ 2,433. In the following month the price per sq.foot decreased considerably to ₹ 1,259. The price for the following two months in (May, June) decreased 95 % with regard to the prior two months. The price per sq.foot has had a considerable increase of 119 % 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 ₹ 1,799 to ₹ 2,139 during July, and August.
Based upon to the price in Alwar (cities), this has gone up in the last 6 months. The average price for March is ₹ 21.67 lakhs. During April the price had a considerable reduction till ₹ 16.12 lakhs. During the following two months (May, June) the average price had a considerable increase of 124 % 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 133 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 28.29 lakhs they are 22 % more affordable than the average price for Alwar. The properties with the highest average price have 4 BHK, Their price is 99 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 42.22 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,253 / sq.foot, with an average ₹ 2,299 / sq.foot price in Alwar. The properties with the highest average prices have 4 BHK. They are 99 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 3,579 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 28.29 lakhs it is 28 % cheaper than the average price in Alwar. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Villa". At a price of ₹ 49.88 lakhs it is 6735 % 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 ₹ 1,377 / sq.foot followed by "Flat" priced at ₹ 2,508 / sq.foot. "Commercial" is the most costly type of property with a ₹ 28,075 / sq.foot cost followed by "Villa" with an average price of ₹ 3,814 / sq.foot.