The prices in real estate in Jodhpur, 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 Jodhpur has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 4,802. In the following month the price per sq.foot increased to ₹ 5,068. The price for the following two months in (December, January) had a considerable decrease of 76 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 81 % 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 ₹ 4,337 to ₹ 3,529 during February, and March.
Based upon to the price in Jodhpur (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₹ 78.05 lakhs. In November This price remains at ₹ 79.9 lakhs. During the following two months (December, January) the average price had a considerable reduction of 64 % 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 ₹ 64.76 lakhs to ₹ 46.93 lakhs, which means a 72 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 46.97 lakhs they are 52 % more affordable than the average price for Jodhpur. The properties with the highest average price have 4 BHK, Their price is 48 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 55.96 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 3,657 / sq.foot, with an average ₹ 3,440 / sq.foot price in Jodhpur. The properties with the highest average prices have 4 BHK. They are 22 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 3,935 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 46.97 lakhs it is 58 % cheaper than the average price in Jodhpur. "Flat" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 61.26 lakhs it is 32 % 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 ₹ 1,399 / sq.foot followed by "Farm" priced at ₹ 3,260 / sq.foot. "House" is the most costly type of property with a ₹ 8,675 / sq.foot cost followed by "Villa" with an average price of ₹ 4,227 / sq.foot.