The prices in real estate in Pathanamthitta, in the Kerala 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 Pathanamthitta has increased strongly during the last 6 months. In September, the average price per sq.foot was ₹ 6,198. In the following month the price per sq.foot decreased considerably to ₹ 2,774. The price for the following two months in (November, December) had a considerable increment of 1425 %. The price per sq.foot has had a considerable increase of 231 % 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 ₹ 34,205 to ₹ 79,164 during January, and February.
Based upon to the price in Pathanamthitta (cities), this has gone up considerably in the last 6 months. In our first sample month during September, the average price is ₹ 1.17 crores. In October This price remains at ₹ 1.17 crores. During the following two months (November, December) the average price had a considerable increase of 322 % 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 risen strongly 139 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 1.32 crores they are 69 % more affordable than the average price for Pathanamthitta. The properties with the lowest average price have 4 BHK, Their price is 40 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 58.83 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,148 / sq.foot, with an average ₹ 28,305 / sq.foot price in Pathanamthitta. The properties with the lowest average prices have 3 BHK. They are 88 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 3,350 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 1.32 crores it is 60 % cheaper than the average price in Pathanamthitta. "Flat" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "Flat". At a price of ₹ 53.61 lakhs it is 56 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 1,234 / sq.foot followed by "Flat" priced at ₹ 3,306 / sq.foot. "Villa" is the cheapest type of property with a ₹ 3,519 / sq.foot value followed by "Flat" with an average price of ₹ 3,306 / sq.foot.