The prices in real estate in Noida, in the Uttar Pradesh 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 Noida has increased strongly during the last 6 months. In April, the average price per sq.foot was ₹ 5,767. In the following month the price per sq.foot increased to ₹ 6,327. The price for the following two months in (June, July) had a considerable increment of 119 %. 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 ₹ 6,607.75 to ₹ 6,579.5 during August y September
Based upon to the price in Noida (cities), this has gone up in the last 6 months. The average price for April is ₹ 76.98 lakhs. During May the price had a considerable reduction till ₹ 56 lakhs. During the following two months (June, July) the average price had a considerable increase of 139 % 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 gone up 111 % 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 ₹ 80.42 lakhs they are 66 % more affordable than the average price for Noida. The properties with the highest average price have 4 BHK, Their price is 147 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 83.49 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 4,625 / sq.foot, with an average ₹ 5,965 / sq.foot price in Noida. The properties with the highest average prices have 1 BHK. They are 27 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 7,210 / sq.foot.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of ₹ 80.42 lakhs it is 61 % cheaper than the average price in Noida. "Land" is seen as the second most affordable property type. The dearest property type is "House" followed by "Villa". At a price of ₹ 94.78 lakhs it is 117 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Villa" at an average cost of ₹ 4,331 / sq.foot followed by "Flat" priced at ₹ 5,661 / sq.foot. "Commercial" is the most costly type of property with a ₹ 20,860 / sq.foot cost followed by "House" with an average price of ₹ 20,714 / sq.foot.