Property prices for sale in Kolkata (West Bengal)
The prices in real estate in Kolkata, in the West Bengal 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 Kolkata has increased strongly during the last 6 months. In September, the average price per sq.foot was ₹ 4,410. In the following month the price per sq.foot decreased to ₹ 4,012. The price for the following two months in (November, December) had a considerable increment of 117 %. The price per sq.foot has had a considerable increase of 139 % 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 ₹ 4,563.25 to ₹ 6,335 during January, and February.
Based upon to the price in Kolkata (cities), this has gone up considerably in the last 6 months. The average price for September is ₹ 45.26 lakhs. During October the price had a slight fall till ₹ 41.65 lakhs. During the following two months (November, December) the average price had a considerable increase of 140 % 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 170 % 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 ₹ 1.14 crores they are 84 % more affordable than the average price for Kolkata. The properties with the highest average price have 4 BHK, Their price is 46 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 63.4 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,502 / sq.foot, with an average ₹ 7,651 / sq.foot price in Kolkata. The properties with the lowest average prices have 4 BHK. They are 5 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 4,834 / sq.foot.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₹ 1.14 crores it is 87 % cheaper than the average price in Kolkata. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of ₹ 93.48 lakhs it is 436 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "House" at an average cost of ₹ 792 / sq.foot followed by "Villa" priced at ₹ 4,499 / sq.foot. "Commercial" is the most costly type of property with a ₹ 21.47 lakhs / sq.foot cost followed by "Bungalow" with an average price of ₹ 6,698 / sq.foot.
