Property prices for sale in Mysore (Karnataka)
The prices in real estate in Mysore, in the Karnataka 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 Mysore has had a strong decrease during the last 6 months. In November, the average price per sq.foot was ₹ 3,039. In December this price pretty much remained the same at a value of ₹ 2,973 per sq.foot. The price for the following two months in (January, February) had a considerable decrease of 75 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 80 % 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 ₹ 2,623 to ₹ 2,087 during March, and April.
Based upon to the price in Mysore (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is ₹ 39.48 lakhs. In December This price remains at ₹ 40.27 lakhs. During the following two months (January, February) the average price had a considerable reduction of 71 % 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 ₹ 34.16 lakhs to ₹ 27.12 lakhs, which means a 79 % 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 ₹ 29.72 lakhs they are 8 % more expensive than the average price for Mysore. Following this ranking we find those properties with 2 at an average price of ₹ 63.56 lakhs. The properties with the highest average price have 4 BHK, Their price is 361 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.11 crores.
With regard to the average price per sq.foot , those properties with 4 BHK are the most costly ones at a cost of ₹ 5,905 / sq.foot, with an average ₹ 2,281 / sq.foot price in Mysore. The properties with the highest average prices have 3 BHK. They are 180 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 6,142 / sq.foot.
The graph displaying the average prices displays the property type "House" as the most costly one. At an cost of ₹ 29.72 lakhs it is 46 % more expensive than the average price in Mysore. "Flat" is seen as the second dearest property type. The dearest property type is "Commercial" followed by "Villa". At a price of ₹ 1.18 crores it is 701 % more expensive than the average price.
According to the average cost per sq.foot, the most expensive property type would be "House" at an average cost of ₹ 2,467 / sq.foot followed by "Flat" priced at ₹ 5,931 / sq.foot. "Commercial" is the most costly type of property with a ₹ 18,966 / sq.foot cost followed by "Villa" with an average price of ₹ 7,980 / sq.foot.
