Property prices for sale in Meerut (Uttar Pradesh)

The prices in real estate in Meerut, in the Uttar Pradesh 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.

₹ 48.7 lakhs
Average price last 6 months
₹ 11,923.17
Price/sq.foot last 6 months
Average price per sq.feet

The price per sq.foot in Meerut has had a strong decrease during the last 6 months. In July, the average price per sq.foot was ₹ 23,272. In the following month the price per sq.foot decreased considerably to ₹ 15,708. The price for the following two months in (September, October) had a considerable decrease of 45 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 53 % 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 ₹ 14,123.5 to ₹ 7,522.5 during November, and December.

Average price

Based upon to the price in Meerut (cities), this has gone downing the last 6 months. The average price for July is ₹ 52.84 lakhs. During August the price had a considerable reduction till ₹ 41.51 lakhs. During the following two months (September, October) the average price had a considerable increase of 122 % 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 ₹ 52.35 lakhs to ₹ 41.39 lakhs, which means a 79 % fall.

Average price per BHK

The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 44.68 lakhs they are 49 % more affordable than the average price for Meerut. The properties with the highest average price have 4 BHK, Their price is 88 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 52.1 lakhs.

With regard to the average price per sq.foot , those properties with 3 BHK are the most costly ones at a cost of ₹ 16,267 / sq.foot, with an average ₹ 7,585 / sq.foot price in Meerut. The properties with the highest average prices have 4 BHK. They are 317 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 21,729 / sq.foot.

Price per property type

The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of ₹ 44.68 lakhs it is 60 % cheaper than the average price in Meerut. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of ₹ 62.51 lakhs it is 114 % more expensive than the average price.

According to the average cost per sq.foot, the cheapest property type is "Commercial" at an average cost of ₹ 3,665 / sq.foot followed by "Office" priced at ₹ 7,412 / sq.foot. "House" is the most costly type of property with a ₹ 31,428 / sq.foot cost followed by "Flat" with an average price of ₹ 18,482 / sq.foot.

Charts data
Average price December
Average price per sq.foot December
Number of properties used in Meerut
Number of properties used in region Uttar Pradesh
₹ 44.68 lakhs
₹ 7,585
1,416
5,15,250
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value