Property prices for sale in Erode (Tamil Nadu)
The prices in real estate in Erode, 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 Erode has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 2,332. In the following month the price per sq.foot increased considerably to ₹ 3,577. The price for the following two months in (December, January) had a considerable increment of 1295 %. The price per sq.foot has had a considerable deflation of 13 % 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 ₹ 20,601.5 to ₹ 2,668.5 during February, and March.
Based upon to the price in Erode (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 2.66 crores. During November the price had a considerable reduction till ₹ 51.2 lakhs. During the following two months (December, January) the average price had a considerable reduction of 44 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 1.14 crores to ₹ 97 lakhs, which means a 85 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 66.6 lakhs they are 46 % more affordable than the average price for Erode. The properties with the highest average price have 4 BHK, Their price is 7 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 44.15 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the cheapest ones at a cost of ₹ 1,935 / sq.foot, with an average ₹ 2,874 / sq.foot price in Erode. The properties with the highest average prices have 4 BHK. They are 11 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 2,897 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 66.6 lakhs it is 61 % cheaper than the average price in Erode. "Land" is seen as the second most affordable property type. The cheapest type property is "Farm" followed by "Villa". At a price of ₹ 40.55 lakhs it is 35 % 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 ₹ 932 / sq.foot followed by "Farm" priced at ₹ 2,048 / sq.foot. "Flat" is the most costly type of property with a ₹ 3,205 / sq.foot cost followed by "House" with an average price of ₹ 2,890 / sq.foot.
