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 March, the average price per sq.foot was ₹ 4,948. In the following month the price per sq.foot increased considerably to ₹ 7,447. The price for the following two months in (May, June) decreased 87 % with regard to the prior two months. The price per sq.foot has had a considerable deflation of 46 % 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 ₹ 5,802.5 to ₹ 2,675 during July, and August.
Based upon to the price in Indore (cities), these have remained the same in the last 6 months. The average price during our first sample month during March, is ₹ 44.61 lakhs. During April the price went through a considerable rise reaching ₹ 54.62 lakhs. During the following two months (May, June) the average price had a considerable reduction of 85 % 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 ₹ 45.81 lakhs to ₹ 38.58 lakhs, which means a 84 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 36.63 lakhs they are 59 % more affordable than the average price for Indore. The properties with the highest average price have 4 BHK, Their price is 285 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 58.37 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 2,745 / sq.foot, with an average ₹ 2,391 / sq.foot price in Indore. The properties with the highest average prices have 4 BHK. They are 142 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 3,823 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 36.63 lakhs it is 21 % 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 "Commercial". At a price of ₹ 68.33 lakhs it is 117 % 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 ₹ 1,889 / sq.foot followed by "Row House" priced at ₹ 3,002 / sq.foot. "Commercial" is the most costly type of property with a ₹ 14,356 / sq.foot cost followed by "House" with an average price of ₹ 8,774 / sq.foot.