The prices in real estate in Kanpur, in the Uttar 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 Kanpur has increased strongly during the last 6 months. In September, the average price per sq.foot was ₹ 4,750. In the following month the price per sq.foot increased considerably to ₹ 5,894. In the following two months the price per sq.foot has increased 110 %, going from ₹ 5,322 to ₹ 5,830 per sq.foot. 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 ₹ 5,576 to ₹ 5,767.5 during January y February
Based upon to the price in Kanpur (cities), this has gone downing the last 6 months. The average price for September is ₹ 60.58 lakhs. During October the price had a slight fall till ₹ 52.41 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 56.5 lakhs to ₹ 55.18 lakhs. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 88 %, going from ₹ 55.84 lakhs to ₹ 49.24 lakhs in January and February.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 50.69 lakhs they are 31 % more affordable than the average price for Kanpur. The properties with the highest average price have 4 BHK, Their price is 41 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 70.33 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the cheapest ones at a cost of ₹ 5,314 / sq.foot, with an average ₹ 5,626 / sq.foot price in Kanpur. The properties with the highest average prices have 1 BHK. They are 366 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 7,817 / sq.foot.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of ₹ 50.69 lakhs it is 92 % cheaper than the average price in Kanpur. "Flat" is seen as the second most affordable property type. The dearest property type is "House" followed by "Commercial". At a price of ₹ 50.32 lakhs it is 72 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Farm" at an average cost of ₹ 309 / sq.foot followed by "Flat" priced at ₹ 2,533 / sq.foot. "House" is the most costly type of property with a ₹ 9,042 / sq.foot cost followed by "Villa" with an average price of ₹ 4,983 / sq.foot.