The prices in real estate in Kochi, in the Kerala 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 Kochi has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 4,583. In the following month the price per sq.foot increased considerably to ₹ 5,480. The price for the following two months in (December, January) had a considerable increment of 242 %. The price per sq.foot has increased 112 % 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 ₹ 8,609.75 to ₹ 9,648 during February, and March.
Based upon to the price in Kochi (cities), this has gone up considerably in the last 6 months. The price in October is ₹ 92.01 lakhs, rising in November till ₹ 96.99 lakhs. During the following two months (December, January) the average price fell 91 % 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 157 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 1.84 crores they are 68 % more affordable than the average price for Kochi. The properties with the lowest average price have 4 BHK, Their price is 36 % cheaper than the average. After that we have properties with 1 BHK priced at ₹ 1.07 crores.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 4,952 / sq.foot, with an average ₹ 8,691 / sq.foot price in Kochi. The properties with the highest average prices have 1 BHK. They are 168 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 5,251 / sq.foot.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of ₹ 1.84 crores it is 70 % cheaper than the average price in Kochi. "Flat" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "House". At a price of ₹ 76.32 lakhs it is 44 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 1,287 / sq.foot followed by "Office" priced at ₹ 3,361 / sq.foot. "Villa" is the cheapest type of property with a ₹ 5,054 / sq.foot value followed by "House" with an average price of ₹ 4,321 / sq.foot.