The prices in real estate in Raigad, in the Maharashtra 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 Raigad has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 4,663. In the following month the price per sq.foot increased to ₹ 5,122. The price for the following two months in (December, January) had a considerable increment of 136 %. The price per sq.foot has decreased 90 % 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 ₹ 5,776.75 to ₹ 5,213 during February, and March.
Based upon to the price in Raigad (cities), these have remained the same in the last 6 months. The average price for October is ₹ 40.46 lakhs. During November the price had a slight fall till ₹ 37.57 lakhs. During the following two months (December, January) the average price had a considerable increase of 123 % 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 ₹ 43.42 lakhs to ₹ 31.58 lakhs, which means a 73 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the most costly ones. At a price of ₹ 26.52 lakhs they are 3 % more expensive than the average price for Raigad. Following this ranking we find those properties with 2 at an average price of ₹ 45.57 lakhs. The properties with the highest average price have 4 BHK, Their price is 874 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 96.34 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 4,311 / sq.foot, with an average ₹ 3,719 / sq.foot price in Raigad. The properties with the highest average prices have 4 BHK. They are 220 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 5,995 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most costly one. At an cost of ₹ 26.52 lakhs it is 32 % more expensive than the average price in Raigad. "Land" is seen as the second dearest property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 77.14 lakhs it is 291 % 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 ₹ 2,939 / sq.foot followed by "Flat" priced at ₹ 5,141 / sq.foot. "Commercial" is the most costly type of property with a ₹ 7,847 / sq.foot cost followed by "House" with an average price of ₹ 7,101 / sq.foot.