The prices in real estate in Hubli, in the Karnataka 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 Hubli has increased strongly during the last 6 months. In September, the average price per sq.foot was . In the following month the price per sq.foot increased considerably to ₹ 3,182. The price for the following two months in (November, December) had a considerable increment of 126 %. The price per sq.foot has decreased 86 % 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 ₹ 1,795 to ₹ 1,543 during January, and February.
Based upon to the price in Hubli (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is . During October the price went through a considerable rise reaching ₹ 40.8 lakhs. During the following two months (November, December) the average price had a considerable increase of 124 % 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 ₹ 22.89 lakhs to ₹ 14.9 lakhs, which means a 65 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the most costly ones. At a price of ₹ 13.75 lakhs they are 238 % more expensive than the average price for Hubli. Following this ranking we find those properties with 1 at an average price of ₹ 49.92 lakhs. The properties with the highest average price have 4 BHK, Their price is 1199 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.16 crores.
With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 4,191 / sq.foot, with an average ₹ 1,393 / sq.foot price in Hubli. The properties with the highest average prices have 3 BHK. They are 374 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 5,581 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of ₹ 13.75 lakhs it is 69 % more expensive than the average price in Hubli. "Farm" is seen as the second dearest property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 91.41 lakhs it is 1024 % 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 ₹ 1,337 / sq.foot followed by "Farm" priced at ₹ 1,412 / sq.foot. "House" is the most costly type of property with a ₹ 8,635 / sq.foot cost followed by "Villa" with an average price of ₹ 4,780 / sq.foot.