The prices in real estate in Ludhiana, in the Punjab 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 Ludhiana has remained the same in the last 6 months. In October, the average price per sq.foot was ₹ 4,730. In the following month the price per sq.foot increased to ₹ 5,128. In the following two months the price per sq.foot has increased 112 %, going from ₹ 4,929 to ₹ 5,543.5 per sq.foot. The price per sq.foot has had a considerable deflation of 74 % 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 ₹ 5,236.25 to ₹ 3,853.5 during February, and March.
Based upon to the price in Ludhiana (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is ₹ 87.6 lakhs. In November This price remains at ₹ 88.98 lakhs. During the following two months (December, January) the average price fell 91 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from ₹ 84.17 lakhs to ₹ 73.32 lakhs in February and March.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 81.79 lakhs they are 69 % more affordable than the average price for Ludhiana. The properties with the highest average price have 4 BHK, Their price is 41 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 88.24 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 3,082 / sq.foot, with an average ₹ 4,121 / sq.foot price in Ludhiana. The properties with the highest average prices have 3 BHK. They are 11 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 4,457 / sq.foot.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of ₹ 81.79 lakhs it is 21 % cheaper than the average price in Ludhiana. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 91.78 lakhs it is 22 % 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 ₹ 2,795 / sq.foot followed by "Farm" priced at ₹ 3,530 / sq.foot. "Commercial" is the most costly type of property with a ₹ 66,773 / sq.foot cost followed by "House" with an average price of ₹ 15,736 / sq.foot.