The prices in real estate in Gorakhpur, in the Haryana 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 Gorakhpur has had a strong decrease during the last 6 months. In June, the average price per sq.foot was ₹ 11,077. In the following month the price per sq.foot decreased considerably to ₹ 5,807. The price for the following two months in (August, September) had a considerable decrease of 20 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 31 % 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 ₹ 5,045.25 to ₹ 1,565 during October, and November.
Based upon to the price in Gorakhpur (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during June, is ₹ 58.01 lakhs. During July the price went through a considerable rise reaching ₹ 1.01 crores. During the following two months (August, September) the average price had a considerable reduction of 22 % 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 ₹ 48.61 lakhs to ₹ 16.21 lakhs, which means a 33 % fall.
The graph displaying the average price for BHK illustrates that those properties with 3 BHK are the cheapest ones. At a price of ₹ 23.48 lakhs they are 75 % more affordable than the average price for Gorakhpur. The properties with the lowest average price have 1 BHK, Their price is 75 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 5.85 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the cheapest ones at a cost of ₹ 542 / sq.foot, with an average ₹ 2,306 / sq.foot price in Gorakhpur. The properties with the lowest average prices have 1 BHK. They are 76 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 542 / sq.foot.
With regard to the average price based upon the property in Gorakhpur we can see that the cheapest property type is "Flat" at a price of ₹ 5.85 lakhs, they are 75 % more affordable than the average price of (!PRECIO2!). "Flat" has the lowest price. This price is 75 % more affordable than the average price aforementioned.
According to the average area cost by sq.foot the cheapest property type is "Flat with an average price of ₹ 542 / sq.foot. "Flat" with an average cost of ₹ 542 / sq.foot has the lowest price and would be directed at less affluent cities.