The prices in real estate in Alwar, in the Rajasthan region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.foot in Alwar has increased during the last 6 months. In September, the average price per sq.foot was ₹ 2,500. In the following month the price per sq.foot increased to ₹ 2,628. The price for the following two months in (November, December) had a considerable increment of 117 %. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 2,777.5 to ₹ 2,812.5 during January y February
Based upon to the price in Alwar (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is ₹ 31.97 lakhs. In October This price remains at ₹ 32.46 lakhs. During the following two months (November, December) the price has had an average incrementation from ₹ 32.21 lakhs to ₹ 34.58 lakhs. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₹ 33.4 lakhs and ₹ 31.95 lakhs between January and February.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 31.99 lakhs they are 43 % more affordable than the average price for Alwar. The properties with the highest average price have 4 BHK, Their price is 46 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 43.69 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,273 / sq.foot, with an average ₹ 2,685 / sq.foot price in Alwar. The properties with the highest average prices have 3 BHK. They are 18 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 2,990 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 31.99 lakhs it is 49 % 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 ₹ 44.74 lakhs it is 1216 % 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 ₹ 1,094 / sq.foot followed by "Commercial" priced at ₹ 1,413 / sq.foot. "Villa" is the most costly type of property with a ₹ 3,392 / sq.foot cost followed by "House" with an average price of ₹ 2,907 / sq.foot.