The prices in real estate in Hyderabad, in the Telangana 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 Hyderabad has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 10,864. In the following month the price per sq.foot increased considerably to ₹ 13,346. In the following two months the price per sq.foot has increased 112 %, going from ₹ 12,105 to ₹ 13,609.5 per sq.foot. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 12,857.25 to ₹ 13,310 during February y March
Based upon to the price in Hyderabad (cities), this has gone downing the last 6 months. The average price for October is ₹ 39.83 lakhs. During November the price had a slight fall till ₹ 35.08 lakhs. During the following two months (December, January) the average price fell 94 % 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 110 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the most costly ones. At a price of ₹ 43.92 lakhs they are 10 % more expensive than the average price for Hyderabad. Following this ranking we find those properties with 2 at an average price of ₹ 67.94 lakhs. The properties with the highest average price have 4 BHK, Their price is 485 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.24 crores.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 5,913 / sq.foot, with an average ₹ 13,826 / sq.foot price in Hyderabad. The properties with the highest average prices have 4 BHK. They are 33 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 7,163 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 43.92 lakhs it is 29 % cheaper than the average price in Hyderabad. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Villa". At a price of ₹ 2.14 crores it is 397 % 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 ₹ 6,380 / sq.foot followed by "Villa" priced at ₹ 9,752 / sq.foot. "House" is the most costly type of property with a ₹ 50,784 / sq.foot cost followed by "Land" with an average price of ₹ 16,103 / sq.foot.