The prices in real estate in Chandigarh, in the Union Territory Of Chandigarh 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 Chandigarh has increased strongly during the last 6 months. In September, the average price per sq.foot was ₹ 8,859. In the following month the price per sq.foot increased considerably to ₹ 30,715. The price for the following two months in (November, December) had a considerable increment of 143 %. 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 ₹ 24,019.25 to ₹ 23,430.5 during January y February
Based upon to the price in Chandigarh (cities), these have remained the same in the last 6 months. In our first sample month during September, the average price is ₹ 1.39 crores. In October This price remains at ₹ 1.35 crores. In the following two months the average price has remained the same with regard to the previous two months from ₹ 1.37 crores to ₹ 1.34 crores. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % 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 ₹ 1.43 crores they are 81 % more affordable than the average price for Chandigarh. The properties with the lowest average price have 4 BHK, Their price is 2 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 71.97 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 5,533 / sq.foot, with an average ₹ 16,370 / sq.foot price in Chandigarh. The properties with the highest average prices have 1 BHK. They are 85 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 10,157 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 1.43 crores it is 22 % cheaper than the average price in Chandigarh. "Office" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Villa". At a price of ₹ 5.1 crores it is 287 % 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 ₹ 5,161 / sq.foot followed by "Office" priced at ₹ 13,444 / sq.foot. "Commercial" is the most costly type of property with a ₹ 1.61 lakhs / sq.foot cost followed by "Villa" with an average price of ₹ 28,349 / sq.foot.