The prices in real estate in Coimbatore, in the Tamil Nadu region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.foot in Coimbatore has increased during the last 6 months. In September, the average price per sq.foot was ₹ 3,745. In the following month the price per sq.foot decreased considerably to ₹ 2,291. The price for the following two months in (November, December) had a considerable increment of 140 %. The price per sq.foot has had a considerable increase of 124 % 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 ₹ 3,619.5 to ₹ 4,487.5 during January, and February.
Based upon to the price in Coimbatore (cities), this has gone downing the last 6 months. The average price for September is ₹ 49.8 lakhs. During October the price had a considerable reduction till ₹ 37.65 lakhs. During the following two months (November, December) the price has had an average incrementation from ₹ 43.72 lakhs to ₹ 46.31 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 116 % 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 ₹ 55.36 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 150 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.06 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,490 / sq.foot, with an average ₹ 4,617 / sq.foot price in Coimbatore. The properties with the highest average prices have 3 BHK. They are 25 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 5,174 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 55.36 lakhs it is 38 % cheaper than the average price in Coimbatore. "Villa" is seen as the second most affordable property type. The dearest property type is "Farm" followed by "House". At a price of ₹ 1.02 crores it is 295 % 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 ₹ 2,142 / sq.foot followed by "Villa" priced at ₹ 3,891 / sq.foot. "Farm" is the most costly type of property with a ₹ 1.03 crores / sq.foot cost followed by "House" with an average price of ₹ 5,162 / sq.foot.