The prices in real estate in Greater Noida - Delhi, in the National Capital Territory Of Delhi 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 Greater Noida - Delhi has increased strongly during the last 6 months. In April, the average price per sq.foot was ₹ 3,216. In the following month the price per sq.foot increased considerably to ₹ 4,551. In the following two months the price per sq.foot has increased 112 %, going from ₹ 3,883.5 to ₹ 4,333.5 per sq.foot. The price per sq.foot has increased 113 % 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 ₹ 4,108.5 to ₹ 4,649.5 during August, and September.
Based upon to the price in Greater Noida - Delhi (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is ₹ 36.81 lakhs. During May the price went through a considerable rise reaching ₹ 52.63 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 44.72 lakhs to ₹ 42.77 lakhs. Based on an analysis of the first four prices and the last two months the average price has gone up 110 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 50.86 lakhs they are 55 % more affordable than the average price for Greater Noida - Delhi. The properties with the highest average price have 4 BHK, Their price is 129 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 64.83 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 3,984 / sq.foot, with an average ₹ 4,325 / sq.foot price in Greater Noida - Delhi. The properties with the highest average prices have 1 BHK. They are 60 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 4,601 / sq.foot.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of ₹ 50.86 lakhs it is 4 % cheaper than the average price in Greater Noida - Delhi. "Flat" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 52.18 lakhs it is 32 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "House" at an average cost of ₹ 4,057 / sq.foot followed by "Flat" priced at ₹ 4,300 / sq.foot. "Commercial" is the most costly type of property with a ₹ 24,064 / sq.foot cost followed by "Villa" with an average price of ₹ 4,396 / sq.foot.