Property prices for sale in Kanyakumari (Tamil Nadu)
The prices in real estate in Kanyakumari, in the Tamil Nadu 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 Kanyakumari has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 59.9 lakhs. In November this price pretty much remained the same at a value of ₹ 59.9 lakhs per sq.foot. In the following two months the price per sq.foot has barely changed, going from ₹ 59.9 lakhs to ₹ 59.9 lakhs per sq.foot. The price per sq.foot has had a considerable deflation of 50 % 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 ₹ 59.9 lakhs to ₹ 29.93 lakhs during February, and March.
Based upon to the price in Kanyakumari (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₹ 11.91 crores. In November This price remains at ₹ 11.91 crores. In the following two months the average price has remained the same with regard to the previous two months from ₹ 11.91 crores to ₹ 11.91 crores. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 11.91 crores to ₹ 6.1 crores, which means a 51 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 31 lakhs they are 75 % more affordable than the average price for Kanyakumari. The properties with the highest average price have 4 BHK, Their price is 153 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 62.48 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 1,878 / sq.foot, with an average ₹ 2,316 / sq.foot price in Kanyakumari. The properties with the highest average prices have 4 BHK. They are 83 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 2,654 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 31 lakhs it is 10 % cheaper than the average price in Kanyakumari. "House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 44.98 lakhs it is 63 % 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 ₹ 963 / sq.foot followed by "Villa" priced at ₹ 2,576 / sq.foot. "House" is the most costly type of property with a ₹ 2,599 / sq.foot cost followed by "Villa" with an average price of ₹ 2,576 / sq.foot.
