The prices in real estate in Bhilai, in the Chhattisgarh 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 Bhilai has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 1,944. In the following month the price per sq.foot increased considerably to ₹ 2,260. The price for the following two months in (December, January) had a considerable increment of 120 %. 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 ₹ 2,316.5 to ₹ 2,426.5 during February y March
Based upon to the price in Bhilai (cities), this has gone up in the last 6 months. The price in October is ₹ 29.05 lakhs, rising in November till ₹ 31.85 lakhs. During the following two months (December, January) the price has had an average incrementation from ₹ 30.45 lakhs to ₹ 32.27 lakhs. Based on an analysis of the first four prices and the last two months the average price has gone up 108 % 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 ₹ 38.2 lakhs they are 72 % more affordable than the average price for Bhilai. The properties with the highest average price have 4 BHK, Their price is 54 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 35.44 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,291 / sq.foot, with an average ₹ 2,541 / sq.foot price in Bhilai. The properties with the highest average prices have 4 BHK. They are 26 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 2,648 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 38.2 lakhs it is 60 % cheaper than the average price in Bhilai. "Villa" is seen as the second most affordable property type. The dearest property type is "House" followed by "Row House". At a price of ₹ 29.65 lakhs it is 2 % 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 ₹ 893 / sq.foot followed by "Row House" priced at ₹ 1,726 / sq.foot. "House" is the most costly type of property with a ₹ 2,689 / sq.foot cost followed by "Office" with an average price of ₹ 2,326 / sq.foot.