The prices in real estate in Bangalore, in the Karnataka 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 Bangalore has fallen in the last 6 months. In March, the average price per sq.foot was ₹ 6,478. In the following month the price per sq.foot decreased to ₹ 5,576. The price for the following two months in (May, June) decreased 91 % with regard to the prior two months. The price per sq.foot has increased 107 % 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 ₹ 5,763.5 to ₹ 6,154.5 during July, and August.
Based upon to the price in Bangalore (cities), this has fallen considerably in the last 6 months. The average price for March is ₹ 1.08 crores. During April the price had a slight fall till ₹ 92.24 lakhs. During the following two months (May, June) the average price had a considerable reduction of 82 % 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 110 % 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 ₹ 1.05 crores they are 70 % more affordable than the average price for Bangalore. The properties with the highest average price have 4 BHK, Their price is 188 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 93.16 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 3,946 / sq.foot, with an average ₹ 6,022 / sq.foot price in Bangalore. The properties with the highest average prices have 4 BHK. They are 144 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 5,959 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 1.05 crores it is 48 % cheaper than the average price in Bangalore. "Flat" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Commercial". At a price of ₹ 5.72 crores it is 452 % 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 ₹ 3,153 / sq.foot followed by "Flat" priced at ₹ 6,236 / sq.foot. "Office" is the most costly type of property with a ₹ 18,716 / sq.foot cost followed by "House" with an average price of ₹ 13,606 / sq.foot.