Property prices for sale in Bareilly (Uttar Pradesh)
The prices in real estate in Bareilly, in the Uttar Pradesh region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Bareilly has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 6,348. In the following month the price per sq.foot increased considerably to ₹ 11,048. The price for the following two months in (December, January) had a considerable increment of 301 %. The price per sq.foot has had a considerable increase of 198 % 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 ₹ 17,439.75 to ₹ 34,573.5 during February, and March.
Based upon to the price in Bareilly (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is ₹ 56.38 lakhs. In November This price remains at ₹ 56.59 lakhs. During the following two months (December, January) the average price had a considerable increase of 138 % 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 128 % 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 ₹ 74.08 lakhs they are 76 % more affordable than the average price for Bareilly. The properties with the highest average price have 4 BHK, Their price is 96 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 48.46 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,074 / sq.foot, with an average ₹ 17,798 / sq.foot price in Bareilly. The properties with the lowest average prices have 4 BHK. They are 64 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 3,640 / sq.foot.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₹ 74.08 lakhs it is 48 % cheaper than the average price in Bareilly. "Farm" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "Flat". At a price of ₹ 42 lakhs it is 41 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Farm" at an average cost of ₹ 3,285 / sq.foot followed by "Flat" priced at ₹ 3,630 / sq.foot. "House" is the most costly type of property with a ₹ 1.18 lakhs / sq.foot cost followed by "Villa" with an average price of ₹ 3,753 / sq.foot.
