The prices in real estate in Latur, in the Maharashtra 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 Latur has increased strongly during the last 6 months. In September, the average price per sq.foot was ₹ 6,893. In the following month the price per sq.foot decreased considerably to ₹ 1,821. The price for the following two months in (November, December) had a considerable increment of 244 %. The price per sq.foot has had a considerable increase of 161 % 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 ₹ 7,500.25 to ₹ 12,067 during January, and February.
Based upon to the price in Latur (cities), this has fallen considerably in the last 6 months. The average price for September is ₹ 4.82 crores. During October the price had a considerable reduction till ₹ 25.45 lakhs. During the following two months (November, December) the average price had a considerable increase of 156 % 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 184 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 3 BHK are the cheapest ones. At a price of ₹ 4.82 crores they are 93 % more affordable than the average price for Latur. The properties with the lowest average price have 1 BHK, Their price is 93 % cheaper than the average. After that we have properties with 2 BHK priced at ₹ 35.31 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the cheapest ones at a cost of ₹ 1,757 / sq.foot, with an average ₹ 6,886 / sq.foot price in Latur. The properties with the lowest average prices have 1 BHK. They are 74 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 1,799 / sq.foot.
With regard to the average price based upon the property in Latur we can see that the cheapest property type is "Villa" at a price of ₹ 34.58 lakhs, they are 93 % more affordable than the average price of (!PRECIO2!). "Villa" has the lowest price. This price is 93 % more affordable than the average price aforementioned.
According to the average area cost by sq.foot the cheapest property type is "Villa with an average price of ₹ 1,757 / sq.foot. "Villa" with an average cost of ₹ 1,757 / sq.foot has the lowest price and would be directed at less affluent cities.