The prices in real estate in Kakinada, in the Andhra 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 Kakinada has increased during the last 6 months. In September, the average price per sq.foot was ₹ 6,326. In the following month the price per sq.foot decreased considerably to ₹ 4,251. In the following two months the price per sq.foot has increased 114 %, going from ₹ 5,288.5 to ₹ 6,004.5 per sq.foot. The price per sq.foot has had a considerable increase of 167 % 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 ₹ 5,646.5 to ₹ 9,457 during January, and February.
Based upon to the price in Kakinada (cities), this has fallen considerably in the last 6 months. The average price for September is ₹ 87 lakhs. During October the price had a slight fall till ₹ 80 lakhs. During the following two months (November, December) the average price had a considerable reduction of 64 % 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 110 % 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 ₹ 53.19 lakhs they are 21 % more affordable than the average price for Kakinada. The properties with the highest average price have 4 BHK, Their price is 39 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 56.59 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the cheapest ones at a cost of ₹ 2,973 / sq.foot, with an average ₹ 5,178 / sq.foot price in Kakinada. The properties with the highest average prices have 4 BHK. They are 8 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 4,127 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 53.19 lakhs it is 59 % 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 ₹ 27.58 lakhs it is 25 % 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 ₹ 2,732 / sq.foot followed by "Flat" priced at ₹ 2,976 / sq.foot. "House" is the most costly type of property with a ₹ 6,666 / sq.foot cost followed by "Commercial Property" with an average price of ₹ 4,180 / sq.foot.