Property prices for sale in Ludhiana (Punjab)
The prices in real estate in Ludhiana, in the Punjab 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 Ludhiana has had a strong decrease during the last 6 months. In September, the average price per sq.foot was ₹ 25,039. In the following month the price per sq.foot decreased considerably to ₹ 10,994. In the following two months the price per sq.foot has increased 110 %, going from ₹ 18,016.5 to ₹ 19,743 per sq.foot. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 18,879.75 to ₹ 19,026 during January y February
Based upon to the price in Ludhiana (cities), these have remained the same in the last 6 months. The average price during our first sample month during September, is ₹ 44.22 lakhs. During October the price went through a considerable rise reaching ₹ 56.6 lakhs. During the following two months (November, December) the average price fell 86 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 46.78 lakhs to ₹ 36.32 lakhs, which means a 78 % fall.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the most costly ones. At a price of ₹ 34.72 lakhs they are 5 % more expensive than the average price for Ludhiana. Following this ranking we find those properties with 1 at an average price of ₹ 37.57 lakhs. The properties with the highest average price have 4 BHK, Their price is 358 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 56.91 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 30,521 / sq.foot, with an average ₹ 22,140 / sq.foot price in Ludhiana. The properties with the highest average prices have 4 BHK. They are 100 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 32,643 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 34.72 lakhs it is 22 % cheaper than the average price in Ludhiana. "Commercial" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Office". At a price of ₹ 76.6 lakhs it is 163 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 6,479 / sq.foot followed by "Villa" priced at ₹ 8,326 / sq.foot. "Office" is the most costly type of property with a ₹ 70,067 / sq.foot cost followed by "Commercial" with an average price of ₹ 54,297 / sq.foot.
