The prices in real estate in Hoshangabad, in the Madhya Pradesh region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.foot in Hoshangabad has increased during the last 6 months. In October, the average price per sq.foot was ₹ 2,132. In the following month the price per sq.foot increased considerably to ₹ 2,779. In the following two months the price per sq.foot has barely changed, going from ₹ 2,455.5 to ₹ 2,402 per sq.foot. The price per sq.foot has decreased 85 % 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 ₹ 2,428.75 to ₹ 2,070 during February, and March.
Based upon to the price in Hoshangabad (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 62.52 lakhs. During November the price had a considerable reduction till ₹ 47.16 lakhs. During the following two months (December, January) the average price had a considerable reduction of 72 % 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 ₹ 47.27 lakhs to ₹ 20.31 lakhs, which means a 43 % fall.
The graph displaying the average price for BHK illustrates that those properties with 3 BHK are the most costly ones. At a price of ₹ 20.31 lakhs they are 56 % more expensive than the average price for Hoshangabad. Following this ranking we find those properties with 4 at an average price of ₹ 34.36 lakhs. The properties with the highest average price have 1 BHK, Their price is 107 % more costly than the average. After that we have properties with 2 BHK priced at ₹ 41.65 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 1,772 / sq.foot, with an average ₹ 2,070 / sq.foot price in Hoshangabad. The properties with the highest average prices have 4 BHK. They are 35 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 2,701 / sq.foot.
The graph displaying the average prices displays the property type "Commercial" as the most costly one. At an cost of ₹ 20.31 lakhs it is 15 % more expensive than the average price in Hoshangabad. "Land" is seen as the second dearest property type. The dearest property type is "Villa" followed by "Flat". At a price of ₹ 26.46 lakhs it is 75 % 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 ₹ 1,267 / sq.foot followed by "Villa" priced at ₹ 2,578 / sq.foot. "Commercial" is the most costly type of property with a ₹ 10,130 / sq.foot cost followed by "Flat" with an average price of ₹ 3,252 / sq.foot.