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 April, the average price per sq.foot was ₹ 5,033. In the following month the price per sq.foot increased considerably to ₹ 6,386. The price for the following two months in (June, July) had a considerable increment of 117 %. The price per sq.foot has had a considerable deflation of 76 % 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 ₹ 6,206.5 to ₹ 4,705 during August, and September.
Based upon to the price in Kolkata (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is ₹ 61.03 lakhs. During May the price went through a considerable rise reaching ₹ 87.15 lakhs. During the following two months (June, July) the price has had an average incrementation from ₹ 74.09 lakhs to ₹ 81.07 lakhs. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 77.58 lakhs to ₹ 55.44 lakhs, which means a 71 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 57.59 lakhs they are 61 % more affordable than the average price for Kolkata. The properties with the highest average price have 4 BHK, Their price is 206 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 84.98 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 4,184 / sq.foot, with an average ₹ 4,817 / sq.foot price in Kolkata. The properties with the highest average prices have 4 BHK. They are 52 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 6,025 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 57.59 lakhs it is 56 % 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 "House". At a price of ₹ 99.33 lakhs it is 186 % 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 ₹ 1,302 / sq.foot followed by "House" priced at ₹ 4,769 / sq.foot. "Commercial" is the most costly type of property with a ₹ 25,165 / sq.foot cost followed by "Office" with an average price of ₹ 9,708 / sq.foot.
