Property prices for sale in Bhavnagar (Gujarat)
The prices in real estate in Bhavnagar, in the Gujarat 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 Bhavnagar has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 3,084. In the following month the price per sq.foot increased considerably to ₹ 4,545. The price for the following two months in (December, January) had a considerable increment of 129 %. The price per sq.foot has decreased 88 % 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 ₹ 4,372.25 to ₹ 3,857.5 during February, and March.
Based upon to the price in Bhavnagar (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 22.71 lakhs. During November the price went through a considerable rise reaching ₹ 55.42 lakhs. During the following two months (December, January) the average price had a considerable increase of 162 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 51.14 lakhs to ₹ 32.6 lakhs, which means a 64 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 37.97 lakhs they are 68 % more affordable than the average price for Bhavnagar. The properties with the highest average price have 4 BHK, Their price is 47 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 48.93 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 1,954 / sq.foot, with an average ₹ 5,123 / sq.foot price in Bhavnagar. The properties with the lowest average prices have 3 BHK. They are 28 % cheaper than the average followed by properties with 4 BHK with a price at ₹ 3,263 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 37.97 lakhs it is 55 % cheaper than the average price in Bhavnagar. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of ₹ 48.82 lakhs it is 202 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 2,334 / sq.foot followed by "Land" priced at ₹ 2,623 / sq.foot. "Commercial" is the most costly type of property with a ₹ 20,665 / sq.foot cost followed by "House" with an average price of ₹ 4,704 / sq.foot.
