Property prices for sale in New Delhi (National Capital Territory Of Delhi)
The prices in real estate in New Delhi, in the National Capital Territory Of Delhi 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 New Delhi has had a strong decrease during the last 6 months. In December, the average price per sq.foot was ₹ 16,102. In the following month the price per sq.foot decreased considerably to ₹ 11,205. The price for the following two months in (February, March) had a considerable decrease of 49 with regard to the prior two months. The price per sq.foot has had a considerable increase of 150 % 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 ₹ 10,146 to ₹ 15,222 during April, and May.
Based upon to the price in New Delhi (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during December, is ₹ 26.43 lakhs. During January the price went through a considerable rise reaching ₹ 56.15 lakhs. During the following two months (February, March) the average price had a considerable increase of 137 % 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 159 % 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 ₹ 99.34 lakhs they are 79 % more affordable than the average price for New Delhi. The properties with the highest average price have 4 BHK, Their price is 155 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.03 crores.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 4,989 / sq.foot, with an average ₹ 24,737 / sq.foot price in New Delhi. The properties with the lowest average prices have 4 BHK. They are 55 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 7,759 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most costly one. At an cost of ₹ 99.34 lakhs it is 14 % more expensive than the average price in New Delhi. "Land" is seen as the second dearest property type. The dearest property type is "Villa" followed by "Office". At a price of ₹ 4.68 crores it is 552 % 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 ₹ 8,492 / sq.foot followed by "House" priced at ₹ 13,059 / sq.foot. "Land" is the most costly type of property with a ₹ 38,675 / sq.foot cost followed by "Commercial" with an average price of ₹ 30,348 / sq.foot.
