The prices in real estate in Jaipur, in the Rajasthan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.foot in Jaipur has had a strong decrease during the last 6 months. In December, the average price per sq.foot was ₹ 13.74 lakhs. In the following month the price per sq.foot decreased considerably to ₹ 3,731. The price for the following two months in (February, March) had a considerable decrease of 1 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 1 % 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 ₹ 3.48 lakhs to ₹ 3,118.5 during April, and May.
Based upon to the price in Jaipur (cities), this has fallen considerably in the last 6 months. The average price for December is ₹ 12.62 crores. During January the price had a considerable reduction till ₹ 56.08 lakhs. During the following two months (February, March) the average price had a considerable reduction of 29 % 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 ₹ 4.25 crores to ₹ 38.92 lakhs, which means a 9 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 44.5 lakhs they are 30 % more affordable than the average price for Jaipur. The properties with the highest average price have 4 BHK, Their price is 200 % more costly than the average. After that we have properties with 1 BHK priced at ₹ 31.28 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 3,276 / sq.foot, with an average ₹ 3,372 / sq.foot price in Jaipur. The properties with the highest average prices have 1 BHK. They are 753 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 3,276 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 44.5 lakhs it is 22 % cheaper than the average price in Jaipur. "Farm" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Commercial". At a price of ₹ 14.67 crores it is 4948 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "House" at an average cost of ₹ 3,213 / sq.foot followed by "Flat" priced at ₹ 3,262 / sq.foot. "Villa" is the most costly type of property with a ₹ 13.09 lakhs / sq.foot cost followed by "Commercial" with an average price of ₹ 8.72 lakhs / sq.foot.