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 November, the average price per sq.foot was ₹ 2,449. In December this price pretty much remained the same at a value of ₹ 2,511 per sq.foot. The price for the following two months in (January, February) had a considerable increment of 729 %. The price per sq.foot has had a considerable increase of 212 % 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 ₹ 10,283.5 to ₹ 21,788 during March, and April.
Based upon to the price in Coimbatore (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is ₹ 27.23 lakhs. In December This price remains at ₹ 27.31 lakhs. During the following two months (January, February) the average price had a considerable increase of 247 % 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 122 % 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 ₹ 53.54 lakhs they are 66 % more affordable than the average price for Coimbatore. The properties with the highest average price have 3 BHK, Their price is 49 % more costly than the average. After that we have properties with 4 BHK priced at ₹ 57 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 7,449 / sq.foot, with an average ₹ 19,482 / sq.foot price in Coimbatore. The properties with the lowest average prices have 3 BHK. They are 33 % cheaper than the average followed by properties with 4 BHK with a price at ₹ 11,938 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 53.54 lakhs it is 35 % cheaper than the average price in Coimbatore. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Flat". At a price of ₹ 75.2 lakhs it is 1229 % 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 ₹ 2,003 / sq.foot followed by "House" priced at ₹ 3,974 / sq.foot. "Commercial" is the most costly type of property with a ₹ 4.43 lakhs / sq.foot cost followed by "Flat" with an average price of ₹ 5,169 / sq.foot.