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 ₹ 3,024. In December this price pretty much remained the same at a value of ₹ 3,116 per sq.foot. In the following two months the price per sq.foot has barely changed, going from ₹ 3,070 to ₹ 3,192.5 per sq.foot. The price per sq.foot has increased 106 % 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 ₹ 3,131.25 to ₹ 3,329.5 during March, and April.
Based upon to the price in Palakkad (cities), these have remained the same in the last 6 months. The average price for November is ₹ 54.26 lakhs. During December the price had a slight fall till ₹ 49.63 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 51.94 lakhs to ₹ 54.29 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % 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 ₹ 74.04 lakhs they are 77 % more affordable than the average price for Palakkad. The properties with the lowest average price have 4 BHK, Their price is 31 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 34.37 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,166 / sq.foot, with an average ₹ 3,434 / sq.foot price in Palakkad. The properties with the lowest average prices have 1 BHK. They are 18 % cheaper than the average followed by properties with 3 BHK with a price at ₹ 2,276 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 74.04 lakhs it is 57 % 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 ₹ 57.27 lakhs it is 40 % 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 ₹ 451 / sq.foot followed by "House" priced at ₹ 2,222 / sq.foot. "Land" is the most costly type of property with a ₹ 2.99 lakhs / sq.foot cost followed by "Flat" with an average price of ₹ 2,925 / sq.foot.
