Property prices for sale in Palakkad (Kerala)
The prices in real estate in Palakkad, in the Kerala region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.foot in Palakkad has increased during the last 6 months. In November, the average price per sq.foot was ₹ 2,603. In December this price pretty much remained the same at a value of ₹ 2,661 per sq.foot. In the following two months the price per sq.foot has increased 111 %, going from ₹ 2,632 to ₹ 2,926.5 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 ₹ 2,779.25 to ₹ 2,891.5 during March y April
Based upon to the price in Palakkad (cities), this has gone up in the last 6 months. The average price for November is ₹ 47.91 lakhs. During December the price had a slight fall till ₹ 41.88 lakhs. During the following two months (January, February) the price has had an average incrementation from ₹ 44.89 lakhs to ₹ 48.92 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 119 % 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 ₹ 59.38 lakhs they are 71 % more affordable than the average price for Palakkad. The properties with the lowest average price have 4 BHK, Their price is 13 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 34.61 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,187 / sq.foot, with an average ₹ 2,866 / sq.foot price in Palakkad. The properties with the lowest average prices have 1 BHK. They are 1 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 2,297 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 59.38 lakhs it is 46 % cheaper than the average price in Palakkad. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Land". At a price of ₹ 57.97 lakhs it is 77 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Commercial" at an average cost of ₹ 463 / sq.foot followed by "House" priced at ₹ 2,258 / sq.foot. "Land" is the most costly type of property with a ₹ 3.02 lakhs / sq.foot cost followed by "Flat" with an average price of ₹ 2,961 / sq.foot.
