The prices in real estate in Indore, in the Madhya Pradesh region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.foot in Indore has remained the same in the last 6 months. In August, the average price per sq.foot was ₹ 3,621. In September this price pretty much remained the same at a value of ₹ 3,691 per sq.foot. The price for the following two months in (October, November) decreased 94 % with regard to the prior two months. The price per sq.foot has increased 112 % 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 ₹ 3,542 to ₹ 3,980.5 during December, and January.
Based upon to the price in Indore (cities), this has gone up in the last 6 months. In our first sample month during August, the average price is ₹ 42.04 lakhs. In September This price remains at ₹ 42.47 lakhs. During the following two months (October, November) the price has had an average incrementation from ₹ 42.26 lakhs to ₹ 44.48 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 115 % 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 ₹ 50.42 lakhs they are 61 % more affordable than the average price for Indore. The properties with the highest average price have 4 BHK, Their price is 203 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 62.52 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,694 / sq.foot, with an average ₹ 3,999 / sq.foot price in Indore. The properties with the highest average prices have 4 BHK. They are 49 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 4,542 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 50.42 lakhs it is 24 % cheaper than the average price in Indore. "Row House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 75.71 lakhs it is 93 % 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 ₹ 3,500 / sq.foot followed by "Flat" priced at ₹ 3,735 / sq.foot. "Commercial" is the most costly type of property with a ₹ 8,528 / sq.foot cost followed by "Villa" with an average price of ₹ 4,877 / sq.foot.