The prices in real estate in Panchkula, in the Haryana 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 Panchkula has increased during the last 6 months. In July, the average price per sq.foot was ₹ 8,105. In August this price pretty much remained the same at a value of ₹ 7,935 per sq.foot. The price for the following two months in (September, October) had a considerable increment of 141 %. The price per sq.foot has had a considerable deflation of 63 % 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 ₹ 9,665.75 to ₹ 6,064.5 during November, and December.
Based upon to the price in Panchkula (cities), this has gone downing the last 6 months. In our first sample month during July, the average price is ₹ 1.89 crores. In August This price remains at ₹ 1.9 crores. During the following two months (September, October) the average price had a considerable increase of 118 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 2.06 crores to ₹ 1.22 crores, which means a 59 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 1.13 crores they are 84 % more affordable than the average price for Panchkula. The properties with the highest average price have 4 BHK, Their price is 107 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.08 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,720 / sq.foot, with an average ₹ 5,099 / sq.foot price in Panchkula. The properties with the highest average prices have 4 BHK. They are 54 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 5,869 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 1.13 crores it is 28 % cheaper than the average price in Panchkula. "Office" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of ₹ 3.31 crores it is 229 % 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 ₹ 4,944 / sq.foot followed by "House" priced at ₹ 10,573 / sq.foot. "Commercial" is the most costly type of property with a ₹ 1.26 lakhs / sq.foot cost followed by "Villa" with an average price of ₹ 43,721 / sq.foot.