The prices in real estate in Panipat, in the Haryana region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.foot in Panipat has fallen in the last 6 months. In September, the average price per sq.foot was ₹ 63,780. In the following month the price per sq.foot decreased to ₹ 58,232. The price for the following two months in (November, December) decreased 87 % with regard to the prior two months. 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 ₹ 57,072 to ₹ 58,460.5 during January y February
Based upon to the price in Panipat (cities), this has fallen considerably in the last 6 months. The average price for September is ₹ 1.55 crores. During October the price had a slight fall till ₹ 1.33 crores. During the following two months (November, December) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from ₹ 1.3 crores to ₹ 1.21 crores in January and February.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 1.29 crores they are 89 % more affordable than the average price for Panipat. The properties with the lowest average price have 4 BHK, Their price is 44 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 57.41 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 7,630 / sq.foot, with an average ₹ 58,602 / sq.foot price in Panipat. The properties with the lowest average prices have 4 BHK. They are 45 % cheaper than the average followed by properties with 1 BHK with a price at ₹ 19,217 / sq.foot.
The graph displaying the average prices displays the property type "Farm" as the most affordable one. At an cost of ₹ 1.29 crores it is 64 % cheaper than the average price in Panipat. "Commercial" is seen as the second most affordable property type. The cheapest type property is "Flat" followed by "House". At a price of ₹ 76.82 lakhs it is 23 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Commercial" at an average cost of ₹ 3,253 / sq.foot followed by "Farm" priced at ₹ 5,069 / sq.foot. "House" is the cheapest type of property with a ₹ 37,753 / sq.foot value followed by "Flat" with an average price of ₹ 35,408 / sq.foot.