The prices in real estate in Bikaner, in the Rajasthan 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 Bikaner has increased strongly during the last 6 months. In November, the average price per sq.foot was ₹ 37,895. In the following month the price per sq.foot increased considerably to ₹ 49,542. The price for the following two months in (January, February) had a considerable increment of 353 %. The price per sq.foot has had a considerable increase of 241 % 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 ₹ 99,039.25 to ₹ 2.39 lakhs during March, and April.
Based upon to the price in Bikaner (cities), this has gone up considerably in the last 6 months. The average price for November is ₹ 29.07 lakhs. During December the price had a slight fall till ₹ 26.45 lakhs. During the following two months (January, February) the average price had a considerable increase of 5917 % 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 risen strongly 334 % 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 ₹ 23.31 crores they are 99 % more affordable than the average price for Bikaner. The properties with the lowest average price have 4 BHK, Their price is 98 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 38.05 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the cheapest ones at a cost of ₹ 3,405 / sq.foot, with an average ₹ 2.07 lakhs / sq.foot price in Bikaner. The properties with the lowest average prices have 1 BHK. They are 98 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 3,673 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 23.31 crores it is 99 % cheaper than the average price in Bikaner. "Villa" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "House". At a price of ₹ 49.78 lakhs it is 92 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 861 / sq.foot followed by "Villa" priced at ₹ 2,534 / sq.foot. "Commercial" is the cheapest type of property with a ₹ 15,851 / sq.foot value followed by "House" with an average price of ₹ 3,458 / sq.foot.