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 April, the average price per sq.foot was ₹ 6,432. In May this price pretty much remained the same at a value of ₹ 6,117 per sq.foot. The price for the following two months in (June, July) decreased 92 % with regard to the prior two months. 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 ₹ 6,009 to ₹ 5,836 during August y September
Based upon to the price in Bangalore (cities), these have remained the same in the last 6 months. In our first sample month during April, the average price is ₹ 72.88 lakhs. In May This price remains at ₹ 70.38 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 71.63 lakhs to ₹ 70.6 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 ₹ 71.12 lakhs and ₹ 71.61 lakhs between August and September.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 86.67 lakhs they are 53 % more affordable than the average price for Bangalore. The properties with the highest average price have 4 BHK, Their price is 166 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.69 crores.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 6,043 / sq.foot, with an average ₹ 6,179 / sq.foot price in Bangalore. The properties with the highest average prices have 3 BHK. They are 37 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 7,991 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 86.67 lakhs it is 35 % cheaper than the average price in Bangalore. "Flat" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 1.79 crores it is 188 % 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 ₹ 4,358 / sq.foot followed by "Flat" priced at ₹ 6,550 / sq.foot. "Commercial" is the most costly type of property with a ₹ 15,581 / sq.foot cost followed by "Villa" with an average price of ₹ 8,265 / sq.foot.