Property prices for sale in Jamshedpur (Jharkhand)
The prices in real estate in Jamshedpur, in the Jharkhand 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 Jamshedpur has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 2,984. In the following month the price per sq.foot increased considerably to ₹ 4,114. In the following two months the price per sq.foot has increased 111 %, going from ₹ 3,549 to ₹ 3,933 per sq.foot. The price per sq.foot has had a considerable increase of 161 % 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 ₹ 3,741 to ₹ 6,006 during February, and March.
Based upon to the price in Jamshedpur (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 31.51 lakhs. During November the price went through a considerable rise reaching ₹ 58.92 lakhs. During the following two months (December, January) the average price had a considerable increase of 140 % 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 106 % 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 ₹ 39.92 lakhs they are 49 % more affordable than the average price for Jamshedpur. The properties with the highest average price have 4 BHK, Their price is 50 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 40.91 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 3,292 / sq.foot, with an average ₹ 3,595 / sq.foot price in Jamshedpur. The properties with the highest average prices have 4 BHK. They are 108 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 3,802 / sq.foot.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₹ 39.92 lakhs it is 76 % cheaper than the average price in Jamshedpur. "Commercial" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Office". At a price of ₹ 48.33 lakhs it is 41 % 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 ₹ 446 / sq.foot followed by "Commercial" priced at ₹ 1,442 / sq.foot. "Office" is the cheapest type of property with a ₹ 3,184 / sq.foot value followed by "Villa" with an average price of ₹ 3,143 / sq.foot.
