Property prices for sale in Naini Tal (Uttarakhand)
The prices in real estate in Naini Tal, in the Uttarakhand 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 Naini Tal has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 4,484. In the following month the price per sq.foot decreased to ₹ 4,151. The price for the following two months in (December, January) had a considerable decrease of 54 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 81 % 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 ₹ 3,323.25 to ₹ 2,707.5 during February, and March.
Based upon to the price in Naini Tal (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 42.78 lakhs. During November the price went through a considerable rise reaching ₹ 52.93 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 47.85 lakhs to ₹ 49.21 lakhs. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % 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 ₹ 69.05 lakhs they are 54 % more affordable than the average price for Naini Tal. The properties with the highest average price have 3 BHK, Their price is 46 % more costly than the average. After that we have properties with 4 BHK priced at ₹ 89.08 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,357 / sq.foot, with an average ₹ 2,938 / sq.foot price in Naini Tal. The properties with the highest average prices have 2 BHK. They are 408 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 9,158 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 69.05 lakhs it is 58 % cheaper than the average price in Naini Tal. "House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 73.45 lakhs it is 59 % 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 ₹ 1,683 / sq.foot followed by "Villa" priced at ₹ 3,850 / sq.foot. "House" is the most costly type of property with a ₹ 4,526 / sq.foot cost followed by "Villa" with an average price of ₹ 3,850 / sq.foot.
