The prices in real estate in Pimpri, in the Maharashtra 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 Pimpri has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 12,701. In the following month the price per sq.foot decreased considerably to ₹ 9,084. The price for the following two months in (December, January) had a considerable decrease of 80 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 81 % 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 ₹ 9,798.75 to ₹ 7,970.5 during February, and March.
Based upon to the price in Pimpri (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 90 lakhs. During November the price had a considerable reduction till ₹ 74.25 lakhs. During the following two months (December, January) the average price had a considerable reduction of 70 % 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 ₹ 69.98 lakhs to ₹ 59.18 lakhs, which means a 85 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 56.07 lakhs they are 52 % more affordable than the average price for Pimpri. The properties with the highest average price have 4 BHK, Their price is 180 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.38 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 4,406 / sq.foot, with an average ₹ 7,672 / sq.foot price in Pimpri. The properties with the highest average prices have 3 BHK. They are 24 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 7,009 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 56.07 lakhs it is 8 % cheaper than the average price in Pimpri. "Office" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Land". At a price of ₹ 1 crores it is 139 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 5,669 / sq.foot followed by "House" priced at ₹ 6,298 / sq.foot. "Office" is the most costly type of property with a ₹ 20,204 / sq.foot cost followed by "Commercial" with an average price of ₹ 15,504 / sq.foot.