The prices in real estate in Navi Mumbai, in the Maharashtra region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.foot in Navi Mumbai has fallen in the last 6 months. In June, the average price per sq.foot was ₹ 9,506. In the following month the price per sq.foot decreased to ₹ 8,593. In the following two months the price per sq.foot has barely changed, going from ₹ 9,049.5 to ₹ 9,262 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 ₹ 9,155.75 to ₹ 8,987.5 during October y November
Based upon to the price in Navi Mumbai (cities), this has gone up considerably in the last 6 months. The average price for June is ₹ 59.7 lakhs. During July the price had a slight fall till ₹ 55.21 lakhs. During the following two months (August, September) the average price had a considerable increase of 116 % 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 131 % 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 ₹ 98.51 lakhs they are 61 % more affordable than the average price for Navi Mumbai. The properties with the highest average price have 4 BHK, Their price is 246 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.76 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 9,809 / sq.foot, with an average ₹ 9,275 / sq.foot price in Navi Mumbai. The properties with the highest average prices have 4 BHK. They are 69 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 12,380 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 98.51 lakhs it is 87 % cheaper than the average price in Navi Mumbai. "Commercial" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 1.86 crores it is 107 % 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 ₹ 720 / sq.foot followed by "Flat" priced at ₹ 9,491 / sq.foot. "Commercial" is the most costly type of property with a ₹ 20,750 / sq.foot cost followed by "Office" with an average price of ₹ 13,520 / sq.foot.