The prices in real estate in Guntur, in the Andhra Pradesh 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 Guntur has increased strongly during the last 6 months. In November, the average price per sq.foot was ₹ 2,468. In the following month the price per sq.foot increased considerably to ₹ 3,004. The price for the following two months in (January, February) had a considerable increment of 311 %. The price per sq.foot has had a considerable increase of 125 % 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 ₹ 5,617.5 to ₹ 7,036.5 during March, and April.
Based upon to the price in Guntur (cities), this has gone up considerably in the last 6 months. The price in November is ₹ 33.13 lakhs, rising in December till ₹ 34.82 lakhs. During the following two months (January, February) the average price had a considerable increase of 197 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 ₹ 57.15 lakhs they are 44 % more affordable than the average price for Guntur. The properties with the highest average price have 4 BHK, Their price is 71 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 59.06 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 3,252 / sq.foot, with an average ₹ 3,888 / sq.foot price in Guntur. The properties with the highest average prices have 4 BHK. They are 316 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 8,114 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 57.15 lakhs it is 71 % cheaper than the average price in Guntur. "Commercial" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 48.56 lakhs it is 47 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 1,062 / sq.foot followed by "Commercial" priced at ₹ 2,091 / sq.foot. "Villa" is the most costly type of property with a ₹ 9,399 / sq.foot cost followed by "Flat" with an average price of ₹ 3,507 / sq.foot.