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 August, the average price per sq.foot was ₹ 3,432. In the following month the price per sq.foot decreased considerably to ₹ 2,736. The price for the following two months in (October, November) had a considerable decrease of 71 with regard to the prior two months. The price per sq.foot has had a considerable increase of 449 % 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 ₹ 2,636.75 to ₹ 11,843 during December, and January.
Based upon to the price in Coimbatore (cities), this has gone up in the last 6 months. The price in August is ₹ 34.72 lakhs, rising in September till ₹ 38.44 lakhs. During the following two months (October, November) the average price had a considerable reduction of 69 % 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 174 % 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 ₹ 80.12 lakhs they are 72 % more affordable than the average price for Coimbatore. The properties with the highest average price have 4 BHK, Their price is 91 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 92.38 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,742 / sq.foot, with an average ₹ 21,175 / sq.foot price in Coimbatore. The properties with the lowest average prices have 4 BHK. They are 73 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 4,784 / sq.foot.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₹ 80.12 lakhs it is 19 % cheaper than the average price in Coimbatore. "Flat" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Commercial". At a price of ₹ 7.13 crores it is 838 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Villa" at an average cost of ₹ 3,788 / sq.foot followed by "House" priced at ₹ 3,982 / sq.foot. "Land" is the most costly type of property with a ₹ 5.84 lakhs / sq.foot cost followed by "Commercial" with an average price of ₹ 4.44 lakhs / sq.foot.