Property prices for sale in Bhubaneswar (Orissa)
The prices in real estate in Bhubaneswar, in the Orissa 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 Bhubaneswar has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 3,948. In the following month the price per sq.foot increased considerably to ₹ 4,712. The price for the following two months in (December, January) had a considerable increment of 115 %. The price per sq.foot has increased 113 % 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 ₹ 4,662 to ₹ 5,281 during February, and March.
Based upon to the price in Bhubaneswar (cities), this has gone up considerably in the last 6 months. The price in October is ₹ 67.53 lakhs, rising in November till ₹ 77.15 lakhs. During the following two months (December, January) the average price had a considerable increase of 119 % 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 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 ₹ 94.9 lakhs they are 57 % more affordable than the average price for Bhubaneswar. The properties with the highest average price have 4 BHK, Their price is 261 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 96.76 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 4,814 / sq.foot, with an average ₹ 5,838 / sq.foot price in Bhubaneswar. The properties with the highest average prices have 4 BHK. They are 144 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 5,899 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 94.9 lakhs it is 75 % cheaper than the average price in Bhubaneswar. "Office" is seen as the second most affordable property type. The dearest property type is "Duplex" followed by "House". At a price of ₹ 1.02 crores it is 51 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 1,573 / sq.foot followed by "Office" priced at ₹ 1,616 / sq.foot. "Flat" is the most costly type of property with a ₹ 6,392 / sq.foot cost followed by "Duplex" with an average price of ₹ 5,940 / sq.foot.
