The prices in real estate in Lucknow, in the Uttar Pradesh 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 Lucknow has increased strongly during the last 6 months. In March, the average price per sq.foot was ₹ 2,032. In the following month the price per sq.foot increased to ₹ 2,193. The price for the following two months in (May, June) had a considerable increment of 127 %. The price per sq.foot has had a considerable increase of 118 % 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 ₹ 2,396.75 to ₹ 2,822.5 during July, and August.
Based upon to the price in Lucknow (cities), this has gone up in the last 6 months. The price in March is ₹ 25.99 lakhs, rising in April till ₹ 28.43 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 27.21 lakhs to ₹ 26.68 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 37.42 lakhs they are 23 % more affordable than the average price for Lucknow. The properties with the highest average price have 4 BHK, Their price is 150 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 54.43 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the most costly ones at a cost of ₹ 4,738 / sq.foot, with an average ₹ 2,973 / sq.foot price in Lucknow. The properties with the highest average prices have 1 BHK. They are 72 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 4,857 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 37.42 lakhs it is 50 % cheaper than the average price in Lucknow. "Villa" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Commercial". At a price of ₹ 87.06 lakhs it is 162 % 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 ₹ 1,251 / sq.foot followed by "Villa" priced at ₹ 4,423 / sq.foot. "Commercial" is the most costly type of property with a ₹ 8,299 / sq.foot cost followed by "Office" with an average price of ₹ 6,108 / sq.foot.