The prices in real estate in Jhansi, in the Uttar Pradesh region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.foot in Jhansi has increased during the last 6 months. In July, the average price per sq.foot was ₹ 2,857. In August this price pretty much remained the same at a value of ₹ 2,789 per sq.foot. The price for the following two months in (September, October) had a considerable decrease of 76 with regard to the prior two months. The price per sq.foot has had a considerable increase of 163 % 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 ₹ 2,477.25 to ₹ 4,028.5 during November, and December.
Based upon to the price in Jhansi (cities), this has fallen considerably in the last 6 months. In our first sample month during July, the average price is ₹ 52.14 lakhs. In August This price remains at ₹ 49.56 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 50.85 lakhs to ₹ 49.86 lakhs. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 50.36 lakhs to ₹ 33.06 lakhs, which means a 66 % fall.
The graph displaying the average price for BHK illustrates that those properties with 4 BHK are the cheapest ones. At a price of ₹ 32.33 lakhs they are 91 % more affordable than the average price for Jhansi. The properties with the lowest average price have 2 BHK, Their price is 90 % cheaper than the average. After that we have properties with 1 BHK priced at ₹ 2.96 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 267 / sq.foot, with an average ₹ 6,247 / sq.foot price in Jhansi. The properties with the lowest average prices have 2 BHK. They are 95 % cheaper than the average followed by properties with 1 BHK with a price at ₹ 288 / sq.foot.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of ₹ 32.33 lakhs it is 91 % cheaper than the average price in Jhansi. "Villa" is seen as the second most affordable property type. The cheapest type property is "Flat" followed by "Villa". At a price of ₹ 2.89 lakhs it is 91 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Farm" at an average cost of ₹ 257 / sq.foot followed by "Villa" priced at ₹ 262 / sq.foot. "Flat" is the cheapest type of property with a ₹ 267 / sq.foot value followed by "Villa" with an average price of ₹ 262 / sq.foot.