The prices in real estate in Dindigul, 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 Dindigul has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 1,459. In the following month the price per sq.foot decreased considerably to ₹ 1,205. In the following two months the price per sq.foot has barely changed, going from ₹ 1,332 to ₹ 1,358 per sq.foot. The price per sq.foot has had a considerable increase of 900 % 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 ₹ 1,345 to ₹ 12,106 during February, and March.
Based upon to the price in Dindigul (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 17.45 lakhs. During November the price went through a considerable rise reaching ₹ 23.86 lakhs. During the following two months (December, January) the average price had a considerable reduction of 83 % 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 494 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 1.76 crores they are 77 % more affordable than the average price for Dindigul. The properties with the lowest average price have 4 BHK, Their price is 45 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 76.65 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 3,353 / sq.foot, with an average ₹ 23,118 / sq.foot price in Dindigul. The properties with the lowest average prices have 1 BHK. They are 50 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 4,796 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 1.76 crores it is 94 % cheaper than the average price in Dindigul. "Farm" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "House". At a price of ₹ 32.91 lakhs it is 77 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 567 / sq.foot followed by "House" priced at ₹ 2,795 / sq.foot. "Villa" is the cheapest type of property with a ₹ 3,632 / sq.foot value followed by "Farm" with an average price of ₹ 2,895 / sq.foot.