The prices in real estate in Ghazibad, 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 Ghazibad has had a strong decrease during the last 6 months. In June, the average price per sq.foot was ₹ 12,584. In the following month the price per sq.foot increased to ₹ 13,606. The price for the following two months in (August, September) had a considerable decrease of 38 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 53 % 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 ₹ 9,009.5 to ₹ 4,815 during October, and November.
Based upon to the price in Ghazibad (cities), these have remained the same in the last 6 months. The average price during our first sample month during June, is ₹ 74.02 lakhs. During July the price went through a considerable rise reaching ₹ 89.28 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 81.65 lakhs to ₹ 77.72 lakhs. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from ₹ 79.68 lakhs to ₹ 69.86 lakhs in October and November.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 69.75 lakhs they are 71 % more affordable than the average price for Ghazibad. The properties with the highest average price have 4 BHK, Their price is 128 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 78.67 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,425 / sq.foot, with an average ₹ 4,815 / sq.foot price in Ghazibad. The properties with the highest average prices have 4 BHK. They are 19 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 4,749 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most costly one. At an cost of ₹ 69.75 lakhs it is 18 % more expensive than the average price in Ghazibad. "Commercial" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "Flat". At a price of ₹ 82.34 lakhs it is 135 % more expensive than the average price.
According to the average cost per sq.foot, the most expensive property type would be "Flat" at an average cost of ₹ 5,068 / sq.foot followed by "Commercial" priced at ₹ 14,082 / sq.foot. "Commercial" is the most costly type of property with a ₹ 14,082 / sq.foot cost followed by "Flat" with an average price of ₹ 5,068 / sq.foot.