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 February, the average price per sq.foot was ₹ 5,208. In the following month the price per sq.foot decreased considerably to . The price for the following two months in (April, May) had a considerable increment of 190 %. The price per sq.foot has had a considerable increase of 143 % 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 ₹ 3,778 to ₹ 5,409 during June, and July.
Based upon to the price in Bangalore (cities), this has fallen considerably in the last 6 months. The average price for February is ₹ 74.78 lakhs. During March the price had a considerable reduction till . During the following two months (April, May) the average price had a considerable increase of 190 % 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 149 % 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 ₹ 76.21 lakhs they are 41 % more affordable than the average price for Bangalore. The properties with the highest average price have 4 BHK, Their price is 230 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 96.17 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 5,260 / sq.foot, with an average ₹ 5,222 / sq.foot price in Bangalore. The properties with the highest average prices have 4 BHK. They are 49 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 5,967 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 76.21 lakhs it is 53 % cheaper than the average price in Bangalore. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of ₹ 2.29 crores it is 775 % 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 ₹ 2,290 / sq.foot followed by "Villa" priced at ₹ 4,883 / sq.foot. "Commercial" is the most costly type of property with a ₹ 2.31 lakhs / sq.foot cost followed by "Office" with an average price of ₹ 9,740 / sq.foot.