The prices in real estate in Kottayam, 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 Kottayam has increased strongly during the last 6 months. In January, the average price per sq.foot was ₹ 2,311. In the following month the price per sq.foot increased considerably to ₹ 2,712. The price for the following two months in (March, April) had a considerable increment of 131 %. The price per sq.foot has had a considerable increase of 1366 % 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 ₹ 2,902 to ₹ 39,640.5 during May, and June.
Based upon to the price in Kottayam (cities), this has fallen considerably in the last 6 months. The average price for January is ₹ 1.99 crores. During February the price had a considerable reduction till ₹ 1.09 crores. During the following two months (March, April) the average price had a considerable reduction of 62 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 91 %, going from ₹ 1.24 crores to ₹ 1.13 crores in May and June.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 1.06 crores they are 70 % more affordable than the average price for Kottayam. The properties with the highest average price have 1 BHK, Their price is 7 % more costly than the average. After that we have properties with 4 BHK priced at ₹ 87.15 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,855 / sq.foot, with an average ₹ 38,998 / sq.foot price in Kottayam. The properties with the lowest average prices have 1 BHK. They are 90 % cheaper than the average followed by properties with 4 BHK with a price at ₹ 3,573 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 1.06 crores it is 68 % cheaper than the average price in Kottayam. "Farm" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 71.29 lakhs it is 49 % 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 ₹ 1,123 / sq.foot followed by "Farm" priced at ₹ 3,109 / sq.foot. "House" is the cheapest type of property with a ₹ 5,808 / sq.foot value followed by "Flat" with an average price of ₹ 3,881 / sq.foot.