The prices in real estate in Ernakulam, in the Kerala region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.foot in Ernakulam has remained the same in the last 6 months. In November, the average price per sq.foot was ₹ 47,157. In the following month the price per sq.foot increased to ₹ 53,446. In the following two months the price per sq.foot has barely changed, going from ₹ 50,301.5 to ₹ 50,871.5 per sq.foot. The price per sq.foot has decreased 90 % 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 ₹ 50,586.5 to ₹ 45,396 during March, and April.
Based upon to the price in Ernakulam (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is ₹ 96.22 lakhs. In December This price remains at ₹ 97.82 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 97.02 lakhs to ₹ 94.51 lakhs. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₹ 95.76 lakhs and ₹ 95.29 lakhs between March and April.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 99.96 lakhs they are 73 % more affordable than the average price for Ernakulam. The properties with the highest average price have 4 BHK, Their price is 3 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 73.46 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 40,847 / sq.foot, with an average ₹ 48,538 / sq.foot price in Ernakulam. The properties with the lowest average prices have 1 BHK. They are 3 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 46,211 / sq.foot.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of ₹ 99.96 lakhs it is 29 % cheaper than the average price in Ernakulam. "House" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of ₹ 1.61 crores it is 274 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Farm" at an average cost of ₹ 4,382 / sq.foot followed by "House" priced at ₹ 38,084 / sq.foot. "Land" is the most costly type of property with a ₹ 6.53 lakhs / sq.foot cost followed by "Commercial" with an average price of ₹ 60,571 / sq.foot.