The prices in real estate in Dhanbad, in the Jharkhand 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 Dhanbad has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 2,653. In the following month the price per sq.foot increased considerably to ₹ 3,860. In the following two months the price per sq.foot has barely changed, going from ₹ 3,256.5 to ₹ 3,319 per sq.foot. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 3,287.75 to ₹ 3,236 during February y March
Based upon to the price in Dhanbad (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 35.96 lakhs. During November the price went through a considerable rise reaching ₹ 59.9 lakhs. During the following two months (December, January) the average price had a considerable increase of 127 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from ₹ 54.44 lakhs to ₹ 51.51 lakhs in February and March.
The graph displaying the average price for BHK illustrates that those properties with 4 BHK are the cheapest ones. At a price of ₹ 47.95 lakhs they are 32 % more affordable than the average price for Dhanbad. The properties with the lowest average price have 1 BHK, Their price is 22 % cheaper than the average. After that we have properties with 4 BHK priced at ₹ 32.65 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 1,593 / sq.foot, with an average ₹ 3,225 / sq.foot price in Dhanbad. The properties with the lowest average prices have 1 BHK. They are 46 % cheaper than the average followed by properties with 4 BHK with a price at ₹ 1,593 / sq.foot.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of ₹ 47.95 lakhs it is 33 % cheaper than the average price in Dhanbad. "Flat" is seen as the second most affordable property type. The cheapest type property is "Commercial" followed by "Flat". At a price of ₹ 32.65 lakhs it is 31 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Office" at an average cost of ₹ 1,553 / sq.foot followed by "Flat" priced at ₹ 1,593 / sq.foot. "Commercial" is the cheapest type of property with a ₹ 1,661 / sq.foot value followed by "Flat" with an average price of ₹ 1,593 / sq.foot.