The prices in real estate in Ghaziabad, in the Uttar Pradesh 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 Ghaziabad has had a strong decrease during the last 6 months. In September, the average price per sq.foot was ₹ 4,652. In the following month the price per sq.foot decreased considerably to ₹ 3,284. The price for the following two months in (November, December) had a considerable decrease of 80 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 74 % 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 ₹ 3,570.25 to ₹ 2,634.5 during January, and February.
Based upon to the price in Ghaziabad (cities), this has fallen considerably in the last 6 months. The average price for September is ₹ 65.41 lakhs. During October the price had a considerable reduction till ₹ 40.27 lakhs. During the following two months (November, December) the average price had a considerable reduction of 65 % 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 ₹ 43.7 lakhs to ₹ 26.78 lakhs, which means a 61 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 25.66 lakhs they are 8 % more affordable than the average price for Ghaziabad. The properties with the highest average price have 4 BHK, Their price is 381 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 62.83 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,500 / sq.foot, with an average ₹ 2,518 / sq.foot price in Ghaziabad. The properties with the highest average prices have 4 BHK. They are 1019 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 7,573 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 25.66 lakhs it is 0 % cheaper than the average price in Ghaziabad. "Land" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Commercial". At a price of ₹ 56.65 lakhs it is 212 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 2,500 / sq.foot followed by "Villa" priced at ₹ 4,554 / sq.foot. "Commercial" is the most costly type of property with a ₹ 21,476 / sq.foot cost followed by "Office" with an average price of ₹ 8,175 / sq.foot.