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 April, the average price per sq.foot was ₹ 2,913. In the following month the price per sq.foot increased considerably to ₹ 5,503. The price for the following two months in (June, July) had a considerable increment of 288 %. The price per sq.foot has had a considerable deflation of 62 % 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 ₹ 8,171.25 to ₹ 5,089 during August, and September.
Based upon to the price in Kanpur (cities), this has gone up considerably in the last 6 months. The average price for April is ₹ 31.54 lakhs. During May the price had a considerable reduction till ₹ 16.97 lakhs. During the following two months (June, July) the average price had a considerable increase of 134 % 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 319 % 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 ₹ 67.02 lakhs they are 67 % more affordable than the average price for Kanpur. The properties with the highest average price have 4 BHK, Their price is 25 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 59.66 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the most costly ones at a cost of ₹ 5,974 / sq.foot, with an average ₹ 4,183 / sq.foot price in Kanpur. The properties with the highest average prices have 1 BHK. They are 468 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 11,676 / sq.foot.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of ₹ 67.02 lakhs it is 94 % 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 "Villa". At a price of ₹ 49.73 lakhs it is 32 % 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 ₹ 326 / sq.foot followed by "Flat" priced at ₹ 2,241 / sq.foot. "House" is the most costly type of property with a ₹ 9,353 / sq.foot cost followed by "Commercial" with an average price of ₹ 5,052 / sq.foot.