The prices in real estate in Gurgaon, in the Haryana 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 Gurgaon has increased strongly during the last 6 months. In April, the average price per sq.foot was ₹ 7,580. In the following month the price per sq.foot increased considerably to ₹ 12,035. The price for the following two months in (June, July) decreased 91 % with regard to the prior two months. The price per sq.foot has decreased 88 % 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 ₹ 9,357.5 to ₹ 8,247 during August, and September.
Based upon to the price in Gurgaon (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is ₹ 1.45 crores. In May This price remains at ₹ 1.42 crores. During the following two months (June, July) the average price had a considerable reduction of 66 % 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 gone up 114 % 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 ₹ 1.04 crores they are 44 % more affordable than the average price for Gurgaon. The properties with the highest average price have 4 BHK, Their price is 233 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.78 crores.
With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 8,936 / sq.foot, with an average ₹ 8,425 / sq.foot price in Gurgaon. The properties with the highest average prices have 4 BHK. They are 65 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 13,084 / sq.foot.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of ₹ 1.04 crores it is 35 % cheaper than the average price in Gurgaon. "Commercial" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 2.2 crores it is 498 % 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 ₹ 7,586 / sq.foot followed by "Land" priced at ₹ 8,032 / sq.foot. "Commercial" is the most costly type of property with a ₹ 28,348 / sq.foot cost followed by "Villa" with an average price of ₹ 14,251 / sq.foot.