Property prices for sale in Patiala (Punjab)
The prices in real estate in Patiala, in the Punjab region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.foot in Patiala has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 6,248. In the following month the price per sq.foot decreased considerably to ₹ 4,672. The price for the following two months in (December, January) had a considerable decrease of 84 with regard to the prior two months. The price per sq.foot has had a considerable increase of 122 % 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 ₹ 5,031.5 to ₹ 6,122.5 during February, and March.
Based upon to the price in Patiala (cities), this has gone up considerably in the last 6 months. In our first sample month during October, the average price is ₹ 83.52 lakhs. In November This price remains at ₹ 85.63 lakhs. During the following two months (December, January) the average price had a considerable increase of 205 % 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 ₹ 1.29 crores to ₹ 81.17 lakhs, which means a 63 % fall.
The graph displaying the average price for BHK illustrates that those properties with 4 BHK are the cheapest ones. At a price of ₹ 80.77 lakhs they are 53 % more affordable than the average price for Patiala. The properties with the lowest average price have 1 BHK, Their price is 52 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 38.94 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the most costly ones at a cost of ₹ 4,181 / sq.foot, with an average ₹ 4,175 / sq.foot price in Patiala. The properties with the highest average prices have 1 BHK. They are 3 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 4,296 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 80.77 lakhs it is 53 % cheaper than the average price in Patiala. "Flat" is seen as the second most affordable property type. The cheapest type property is "Flat" followed by "Land". At a price of ₹ 37.87 lakhs it is 53 % 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 ₹ 4,156 / sq.foot followed by "Flat" priced at ₹ 4,181 / sq.foot. "Flat" is the most costly type of property with a ₹ 4,181 / sq.foot cost followed by "Land" with an average price of ₹ 4,156 / sq.foot.
