The prices in real estate in Bhilwara, in the Rajasthan region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.foot in Bhilwara has remained the same in the last 6 months. In November, the average price per sq.foot was ₹ 3,423. In December this price pretty much remained the same at a value of ₹ 3,587 per sq.foot. In the following two months the price per sq.foot has barely changed, going from ₹ 3,505 to ₹ 3,549 per sq.foot. The price per sq.foot has decreased 85 % 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 ₹ 3,527 to ₹ 3,003 during March, and April.
Based upon to the price in Bhilwara (cities), this has gone downing the last 6 months. In our first sample month during November, the average price is ₹ 74.65 lakhs. In December This price remains at ₹ 72.11 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 73.38 lakhs to ₹ 76.83 lakhs. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 75.1 lakhs to ₹ 55.07 lakhs, which means a 73 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 82.29 lakhs they are 88 % more affordable than the average price for Bhilwara. The properties with the lowest average price have 4 BHK, Their price is 42 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 36.27 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 1,699 / sq.foot, with an average ₹ 3,711 / sq.foot price in Bhilwara. The properties with the lowest average prices have 4 BHK. They are 5 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 3,119 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 82.29 lakhs it is 65 % cheaper than the average price in Bhilwara. "House" is seen as the second most affordable property type. The cheapest type property is "Land" followed by "Villa". At a price of ₹ 39.75 lakhs it is 44 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 1,723 / sq.foot followed by "Flat" priced at ₹ 1,780 / sq.foot. "Villa" is the cheapest type of property with a ₹ 3,113 / sq.foot value followed by "House" with an average price of ₹ 2,256 / sq.foot.