The prices in real estate in Navi Mumbai, in the Maharashtra 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 Navi Mumbai has remained the same in the last 6 months. In December, the average price per sq.foot was ₹ 6,903. In January this price pretty much remained the same at a value of ₹ 7,045 per sq.foot. In the following two months the price per sq.foot has barely changed, going from ₹ 6,974 to ₹ 7,267 per sq.foot. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 7,120.5 to ₹ 7,202.5 during April y May
Based upon to the price in Navi Mumbai (cities), this has gone downing the last 6 months. In our first sample month during December, the average price is ₹ 53.24 lakhs. In January This price remains at ₹ 54.45 lakhs. During the following two months (February, March) the average price fell 89 % 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 ₹ 50.87 lakhs to ₹ 43.15 lakhs, which means a 85 % 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 ₹ 43.37 lakhs they are 19 % more expensive than the average price for Navi Mumbai. Following this ranking we find those properties with 2 at an average price of ₹ 99.35 lakhs. The properties with the highest average price have 4 BHK, Their price is 552 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.79 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 8,927 / sq.foot, with an average ₹ 7,523 / sq.foot price in Navi Mumbai. The properties with the highest average prices have 4 BHK. They are 81 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 12,086 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 43.37 lakhs it is 50 % cheaper than the average price in Navi Mumbai. "Flat" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 1.2 crores it is 347 % 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 ₹ 475 / sq.foot followed by "Flat" priced at ₹ 7,645 / sq.foot. "House" is the most costly type of property with a ₹ 38,962 / sq.foot cost followed by "Commercial" with an average price of ₹ 15,112 / sq.foot.