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 ₹ 390. In the following month the price per sq.foot increased considerably to ₹ 1,612. The price for the following two months in (December, January) had a considerable increment of 131 %. The price per sq.foot has had a considerable increase of 1366 % 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 ₹ 1,154.75 to ₹ 15,779.5 during February, and March.
Based upon to the price in Raigad (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 7.3 lakhs. During November the price went through a considerable rise reaching ₹ 36.56 lakhs. During the following two months (December, January) the average price had a considerable increase of 212 % 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 270 % 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 ₹ 6.94 lakhs they are 280 % more expensive than the average price for Raigad. Following this ranking we find those properties with 2 at an average price of ₹ 69.32 lakhs. The properties with the highest average price have 4 BHK, Their price is 8026 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 3.76 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 4,693 / sq.foot, with an average ₹ 159 / sq.foot price in Raigad. The properties with the highest average prices have 4 BHK. They are 5369481 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 15,252 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most costly one. At an cost of ₹ 6.94 lakhs it is 4 % more expensive than the average price in Raigad. "Flat" is seen as the second dearest property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 1.25 crores it is 4266 % more expensive than the average price.
According to the average cost per sq.foot, the most expensive property type would be "Land" at an average cost of ₹ 383 / sq.foot followed by "Flat" priced at ₹ 6,145 / sq.foot. "Villa" is the most costly type of property with a ₹ 35.18 lakhs / sq.foot cost followed by "House" with an average price of ₹ 7,942 / sq.foot.