The prices in real estate in Pondicherry, in the Union Territory Of Puducherry 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 Pondicherry has increased strongly during the last 6 months. In October, the average price per sq.foot was . In the following month the price per sq.foot increased considerably to . The price for the following two months in (December, January) had a considerable increment of 2147483647 %. The price per sq.foot has had a considerable increase of 510 % 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 ₹ 270 to ₹ 1,376 during February, and March.
Based upon to the price in Pondicherry (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching . During the following two months (December, January) the average price had a considerable increase of 2147483647 % 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 752 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the most costly ones. At a price of ₹ 43 lakhs they are 3 % more expensive than the average price for Pondicherry. Following this ranking we find those properties with 3 at an average price of ₹ 55.64 lakhs. The properties with the highest average price have 4 BHK, Their price is 262 % more costly than the average. After that we have properties with 2 BHK priced at ₹ 55.95 lakhs.
With regard to the average price per sq.foot , those properties with 3 BHK are the most costly ones at a cost of ₹ 2,729 / sq.foot, with an average ₹ 1,674 / sq.foot price in Pondicherry. The properties with the highest average prices have 4 BHK. They are 259 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 4,155 / sq.foot.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of ₹ 43 lakhs it is 19 % cheaper than the average price in Pondicherry. "Land" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 77.33 lakhs it is 115 % 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 ₹ 1,428 / sq.foot followed by "Commercial" priced at ₹ 2,032 / sq.foot. "Villa" is the most costly type of property with a ₹ 4,797 / sq.foot cost followed by "House" with an average price of ₹ 4,601 / sq.foot.