The prices in real estate in Lonavla, in the Maharashtra region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.foot in Lonavla has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 51.98 lakhs. In the following month the price per sq.foot decreased considerably to ₹ 8,739. In the following two months the price per sq.foot has barely changed, going from ₹ 26.03 lakhs to ₹ 25.97 lakhs per sq.foot. The price per sq.foot has had a considerable deflation of 0 % 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 ₹ 26 lakhs to ₹ 7,888.5 during February, and March.
Based upon to the price in Lonavla (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 6.91 crores. During November the price had a considerable reduction till ₹ 2.44 crores. During the following two months (December, January) the average price had a considerable reduction of 82 % 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 123 % during the last two months.
The graph showing the average price for BHK displays the property with the lowest price has 1 BHK. It is 75 % cheaper than the average price of ₹ 1.67 crores in Lonavla. Based on the BHK values, properties with the lowest prices are those with 1 BHK. They are 75 % more affordable than the average aforementioned.
With regard to the average prices per sq.foot those properties with 1 BHK are 35 % cheaper than the average price of (₹ 5,062 / sq.foot) in Lonavla. Properties with the most affordable price based upon to the number of BHK / sq.foot are those with 1 BHK. They are 35 % cheaper than the average value aforementioned.
With regard to the average price based upon the property in Lonavla we can see that the cheapest property type is "Villa" at a price of ₹ 1.67 crores, they are 75 % more affordable than the average price of (!PRECIO2!). "Villa" has the lowest price. This price is 75 % 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 ₹ 5,062 / sq.foot. "Villa" with an average cost of ₹ 5,062 / sq.foot has the lowest price and would be directed at less affluent cities.