Property prices for sale in Namakkal (Tamil Nadu)
The prices in real estate in Namakkal, in the Tamil Nadu region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Namakkal has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 1,150. In the following month the price per sq.foot increased considerably to ₹ 1,326. The price for the following two months in (December, January) decreased 95 % with regard to the prior two months. The price per sq.foot has had a considerable increase of 131 % 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 ₹ 1,207 to ₹ 1,583 during February, and March.
Based upon to the price in Namakkal (cities), this has gone up considerably in the last 6 months. The price in October is ₹ 16.86 lakhs, rising in November till ₹ 18.13 lakhs. During the following two months (December, January) the average price fell 90 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 223 % 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 ₹ 53.25 lakhs they are 71 % more affordable than the average price for Namakkal. The properties with the highest average price have 4 BHK, Their price is 11 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 29.88 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the cheapest ones at a cost of ₹ 1,562 / sq.foot, with an average ₹ 2,049 / sq.foot price in Namakkal. The properties with the highest average prices have 4 BHK. They are 30 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 2,103 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 53.25 lakhs it is 71 % cheaper than the average price in Namakkal. "Commercial Property" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "House". At a price of ₹ 26.04 lakhs it is 33 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 547 / sq.foot followed by "Commercial Property" priced at ₹ 991 / sq.foot. "Villa" is the most costly type of property with a ₹ 2,170 / sq.foot cost followed by "House" with an average price of ₹ 1,287 / sq.foot.
