The prices in real estate in Bulandshahr, in the Uttar Pradesh region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.foot in Bulandshahr has had a strong decrease during the last 6 months. In June, the average price per sq.foot was ₹ 1.6 lakhs. In the following month the price per sq.foot decreased considerably to ₹ 5,738. The price for the following two months in (August, September) had a considerable decrease of 19 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 7 % 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 ₹ 49,286.25 to ₹ 3,317.5 during October, and November.
Based upon to the price in Bulandshahr (cities), this has fallen considerably in the last 6 months. The average price for June is ₹ 1.83 crores. During July the price had a considerable reduction till ₹ 8.78 lakhs. During the following two months (August, September) the average price had a considerable increase of 125 % 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 ₹ 1.08 crores to ₹ 27.82 lakhs, which means a 26 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 29.86 lakhs they are 14 % more affordable than the average price for Bulandshahr. The properties with the highest average price have 1 BHK, Their price is 76 % more costly than the average. After that we have properties with 4 BHK priced at ₹ 45.2 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 2,283 / sq.foot, with an average ₹ 3,774 / sq.foot price in Bulandshahr. The properties with the highest average prices have 1 BHK. They are 530 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 3,116 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 29.86 lakhs it is 25 % cheaper than the average price in Bulandshahr. "House" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of ₹ 22.41 lakhs it is 29 % 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 ₹ 984 / sq.foot followed by "House" priced at ₹ 2,756 / sq.foot. "House" is the cheapest type of property with a ₹ 2,756 / sq.foot value followed by "Land" with an average price of ₹ 984 / sq.foot.