The prices in real estate in Indore, in the Madhya Pradesh 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 Indore has increased strongly during the last 6 months. In December, the average price per sq.foot was ₹ 2,779. In the following month the price per sq.foot increased considerably to ₹ 15,454. The price for the following two months in (February, March) had a considerable decrease of 66 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 83 % 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 ₹ 7,574.5 to ₹ 6,285 during April, and May.
Based upon to the price in Indore (cities), this has gone up considerably in the last 6 months. The average price for December is ₹ 32.15 lakhs. During January the price had a slight fall till ₹ 29.32 lakhs. During the following two months (February, March) the average price had a considerable increase of 128 % 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 risen strongly 134 % 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 ₹ 39.17 lakhs they are 62 % more affordable than the average price for Indore. The properties with the highest average price have 4 BHK, Their price is 196 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 57.2 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,743 / sq.foot, with an average ₹ 5,123 / sq.foot price in Indore. The properties with the highest average prices have 4 BHK. They are 0 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 3,629 / sq.foot.
The graph displaying the average prices displays the property type "Row House" as the most affordable one. At an cost of ₹ 39.17 lakhs it is 25 % cheaper than the average price in Indore. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Villa". At a price of ₹ 1.35 crores it is 4384 % 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 ₹ 3,002 / sq.foot followed by "Row House" priced at ₹ 3,093 / sq.foot. "Commercial" is the most costly type of property with a ₹ 27,636 / sq.foot cost followed by "Land" with an average price of ₹ 6,671 / sq.foot.