The prices in real estate in Belagavi, in the Karnataka 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 Belagavi has increased strongly during the last 6 months. In April, the average price per sq.foot was ₹ 3,145. In the following month the price per sq.foot increased to ₹ 3,567. In the following two months the price per sq.foot has increased 112 %, going from ₹ 3,356 to ₹ 3,773.5 per sq.foot. The price per sq.foot has had a considerable increase of 156 % 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 ₹ 3,564.75 to ₹ 5,545.5 during August, and September.
Based upon to the price in Belagavi (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is ₹ 40.27 lakhs. During May the price went through a considerable rise reaching ₹ 49.5 lakhs. During the following two months (June, July) the price has had an average incrementation from ₹ 44.88 lakhs to ₹ 51.2 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 161 % 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 ₹ 1.23 crores they are 78 % more affordable than the average price for Belagavi. The properties with the lowest average price have 3 BHK, Their price is 33 % cheaper than the average. After that we have properties with 4 BHK priced at ₹ 80.77 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,000 / sq.foot, with an average ₹ 7,496 / sq.foot price in Belagavi. The properties with the lowest average prices have 3 BHK. They are 53 % cheaper than the average followed by properties with 4 BHK with a price at ₹ 3,449 / sq.foot.
With regard to the average price based upon the property in Belagavi we can see that the cheapest property type is "Flat" at a price of ₹ 80.77 lakhs, they are 34 % more affordable than the average price of (!PRECIO2!). "Flat" has the lowest price. This price is 34 % more affordable than the average price aforementioned.
According to the average area cost by sq.foot the cheapest property type is "Flat with an average price of ₹ 3,449 / sq.foot. "Flat" with an average cost of ₹ 3,449 / sq.foot has the lowest price and would be directed at less affluent cities.