The prices in real estate in Lucknow, in the Uttar Pradesh region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.foot in Lucknow has remained the same in the last 6 months. In December, the average price per sq.foot was ₹ 2,240. In the following month the price per sq.foot increased considerably to ₹ 2,607. In the following two months the price per sq.foot has barely changed, going from ₹ 2,423.5 to ₹ 2,394 per sq.foot. The price per sq.foot has had a considerable deflation of 85 % 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 ₹ 2,408.75 to ₹ 2,043 during April, and May.
Based upon to the price in Lucknow (cities), these have remained the same in the last 6 months. The average price during our first sample month during December, is ₹ 29 lakhs. During January the price went through a considerable rise reaching ₹ 35.94 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 32.47 lakhs to ₹ 32.79 lakhs. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 32.63 lakhs to ₹ 23.1 lakhs, which means a 71 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the most costly ones. At a price of ₹ 23.05 lakhs they are 1 % more expensive than the average price for Lucknow. Following this ranking we find those properties with 2 at an average price of ₹ 35.21 lakhs. The properties with the highest average price have 4 BHK, Their price is 368 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 56.19 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 3,409 / sq.foot, with an average ₹ 1,879 / sq.foot price in Lucknow. The properties with the highest average prices have 4 BHK. They are 159 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 4,152 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 23.05 lakhs it is 38 % cheaper than the average price in Lucknow. "Residential Plot" is seen as the second most affordable property type. The dearest property type is "Apartment" followed by "Villa". At a price of ₹ 46.17 lakhs it is 101 % 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 ₹ 904 / sq.foot followed by "Apartment" priced at ₹ 3,252 / sq.foot. "Residential Plot" is the most costly type of property with a ₹ 5,179 / sq.foot cost followed by "Villa" with an average price of ₹ 3,609 / sq.foot.