The prices in real estate in Coimbatore, in the Tamil Nadu 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 Coimbatore has increased strongly during the last 6 months. In March, the average price per sq.foot was ₹ 2,336. In April this price pretty much remained the same at a value of ₹ 2,238 per sq.foot. The price for the following two months in (May, June) had a considerable increment of 202 %. 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 ₹ 3,448.5 to ₹ 3,899.5 during July, and August.
Based upon to the price in Coimbatore (cities), this has gone up considerably in the last 6 months. In our first sample month during March, the average price is ₹ 39.43 lakhs. In April This price remains at ₹ 41.14 lakhs. During the following two months (May, June) the average price had a considerable increase of 117 % 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 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 ₹ 50.48 lakhs they are 64 % more affordable than the average price for Coimbatore. The properties with the highest average price have 4 BHK, Their price is 174 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.01 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,216 / sq.foot, with an average ₹ 3,612 / sq.foot price in Coimbatore. The properties with the highest average prices have 3 BHK. They are 44 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 5,180 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 50.48 lakhs it is 32 % cheaper than the average price in Coimbatore. "House" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "Commercial". At a price of ₹ 1.57 crores it is 259 % 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 ₹ 2,145 / sq.foot followed by "House" priced at ₹ 3,895 / sq.foot. "Commercial" is the most costly type of property with a ₹ 69.71 lakhs / sq.foot cost followed by "Farm" with an average price of ₹ 64.38 lakhs / sq.foot.