The prices in real estate in Kakinada, in the Andhra 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 Kakinada has increased strongly during the last 6 months. In November, the average price per sq.foot was ₹ 4,314. In the following month the price per sq.foot increased to ₹ 4,588. The price for the following two months in (January, February) had a considerable increment of 506 %. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 13,492 to ₹ 13,256.5 during March y April
Based upon to the price in Kakinada (cities), this has gone up considerably in the last 6 months. The price in November is ₹ 28.12 lakhs, rising in December till ₹ 31.52 lakhs. During the following two months (January, February) the average price had a considerable increase of 121 % 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 130 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the most costly ones. At a price of ₹ 32.25 lakhs they are 33 % more expensive than the average price for Kakinada. Following this ranking we find those properties with 2 at an average price of ₹ 48.76 lakhs. The properties with the highest average price have 4 BHK, Their price is 137 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 57.68 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the cheapest ones at a cost of ₹ 3,041 / sq.foot, with an average ₹ 9,129 / sq.foot price in Kakinada. The properties with the lowest average prices have 4 BHK. They are 37 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 4,222 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 32.25 lakhs it is 31 % cheaper than the average price in Kakinada. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial Property". At a price of ₹ 28.5 lakhs it is 114 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Commercial" at an average cost of ₹ 2,831 / sq.foot followed by "Flat" priced at ₹ 3,101 / sq.foot. "House" is the cheapest type of property with a ₹ 6,897 / sq.foot value followed by "Commercial Property" with an average price of ₹ 4,345 / sq.foot.