The prices in real estate in New Delhi, in the National Capital Territory Of Delhi 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 New Delhi has fallen in the last 6 months. In October, the average price per sq.foot was ₹ 10,265. In November this price pretty much remained the same at a value of ₹ 10,092 per sq.foot. The price for the following two months in (December, January) decreased 93 % with regard to the prior two months. 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 ₹ 9,828.5 to ₹ 9,534.5 during February y March
Based upon to the price in New Delhi (cities), this has gone downing the last 6 months. The average price for October is ₹ 1.33 crores. During November the price had a slight fall till ₹ 1.18 crores. During the following two months (December, January) the average price fell 93 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₹ 1.21 crores and ₹ 1.22 crores between February and March.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 1.43 crores they are 90 % more affordable than the average price for New Delhi. The properties with the lowest average price have 4 BHK, Their price is 33 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 49.22 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,646 / sq.foot, with an average ₹ 9,915 / sq.foot price in New Delhi. The properties with the lowest average prices have 4 BHK. They are 33 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 5,509 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 1.43 crores it is 27 % cheaper than the average price in New Delhi. "Villa" is seen as the second most affordable property type. The dearest property type is "Office" followed by "House". At a price of ₹ 4.12 crores it is 292 % 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 ₹ 8,384 / sq.foot followed by "Commercial" priced at ₹ 20,365 / sq.foot. "Villa" is the most costly type of property with a ₹ 37,203 / sq.foot cost followed by "Office" with an average price of ₹ 22,482 / sq.foot.