The prices in real estate in Delhi Cantonment, in the National Capital Territory Of Delhi region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.foot in Delhi Cantonment has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 5,010. In the following month the price per sq.foot increased considerably to ₹ 7,607. The price for the following two months in (December, January) had a considerable decrease of 56 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 60 % 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 ₹ 4,924.5 to ₹ 2,964.5 during February, and March.
Based upon to the price in Delhi Cantonment (cities), these have remained the same in the last 6 months. The average price for October is ₹ 23.23 lakhs. During November the price had a considerable reduction till ₹ 17.25 lakhs. During the following two months (December, January) the average price had a considerable reduction of 84 % 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 173 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 4 BHK are the cheapest ones. At a price of ₹ 48.64 lakhs they are 75 % more affordable than the average price for Delhi Cantonment. The properties with the lowest average price have 3 BHK, Their price is 18 % cheaper than the average. After that we have properties with 2 BHK priced at ₹ 29.55 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 1,795 / sq.foot, with an average ₹ 3,914 / sq.foot price in Delhi Cantonment. The properties with the highest average prices have 3 BHK. They are 387 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 3,484 / sq.foot.
With regard to the average price based upon the property in Delhi Cantonment we can see that the cheapest property type is "Land" at a price of ₹ 11.97 lakhs, they are 75 % more affordable than the average price of (!PRECIO2!). "Land" has the lowest price. This price is 75 % more affordable than the average price aforementioned.
According to the average area cost by sq.foot the cheapest property type is "Land with an average price of ₹ 1,795 / sq.foot. "Land" with an average cost of ₹ 1,795 / sq.foot has the lowest price and would be directed at less affluent cities.