Property prices for sale in Bangalore (Karnataka)
The prices in real estate in Bangalore, in the Karnataka 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 Bangalore has had a strong decrease during the last 6 months. In December, the average price per sq.foot was ₹ 5,924. In January this price pretty much remained the same at a value of ₹ 5,775 per sq.foot. The price for the following two months in (February, March) had a considerable decrease of 45 with regard to the prior two months. The price per sq.foot has had a considerable increase of 117 % 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 ₹ 4,226.75 to ₹ 4,952 during April, and May.
Based upon to the price in Bangalore (cities), this has fallen considerably in the last 6 months. The average price for December is ₹ 93.79 lakhs. During January the price had a slight fall till ₹ 82.14 lakhs. During the following two months (February, March) the average price had a considerable reduction of 43 % 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 gone up 113 % 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 ₹ 73.24 lakhs they are 39 % more affordable than the average price for Bangalore. The properties with the highest average price have 4 BHK, Their price is 275 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 94.69 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 4,893 / sq.foot, with an average ₹ 4,934 / sq.foot price in Bangalore. The properties with the highest average prices have 4 BHK. They are 67 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 5,656 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 73.24 lakhs it is 45 % cheaper than the average price in Bangalore. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of ₹ 6.28 crores it is 807 % 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 ₹ 2,475 / sq.foot followed by "Flat" priced at ₹ 5,112 / sq.foot. "Commercial" is the most costly type of property with a ₹ 16,625 / sq.foot cost followed by "Office" with an average price of ₹ 14,168 / sq.foot.
