The prices in real estate in Hosur, in the Tamil Nadu 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 Hosur has increased strongly during the last 6 months. In October, the average price per sq.foot was . In the following month the price per sq.foot increased considerably to ₹ 2,891. The price for the following two months in (December, January) had a considerable increment of 2140530 %. The price per sq.foot has had a considerable deflation of 0 % 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 ₹ 1.55 crores to ₹ 5,332.5 during February, and March.
Based upon to the price in Hosur (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching ₹ 76 lakhs. During the following two months (December, January) the average price had a considerable increase of 1882 % 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 ₹ 3.77 crores to ₹ 78.72 lakhs, which means a 21 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 67.07 lakhs they are 52 % more affordable than the average price for Hosur. The properties with the highest average price have 4 BHK, Their price is 81 % more costly than the average. After that we have properties with 1 BHK priced at ₹ 67.96 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 3,092 / sq.foot, with an average ₹ 4,072 / sq.foot price in Hosur. The properties with the highest average prices have 1 BHK. They are 50 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 4,046 / sq.foot.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of ₹ 67.07 lakhs it is 86 % cheaper than the average price in Hosur. "Land" is seen as the second most affordable property type. The dearest property type is "Flat" followed by "Villa". At a price of ₹ 40.8 lakhs it is 50 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Commercial" at an average cost of ₹ 341 / sq.foot followed by "Land" priced at ₹ 1,249 / sq.foot. "Flat" is the most costly type of property with a ₹ 5,861 / sq.foot cost followed by "House" with an average price of ₹ 3,256 / sq.foot.