The prices in real estate in Rewari, in the Haryana 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 Rewari has had a strong decrease during the last 6 months. In June, the average price per sq.foot was ₹ 22,940. In the following month the price per sq.foot decreased considerably to ₹ 13,903. The price for the following two months in (August, September) had a considerable decrease of 42 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 45 % 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 ₹ 13,060.5 to ₹ 5,935 during October, and November.
Based upon to the price in Rewari (cities), this has gone up considerably in the last 6 months. The average price for June is ₹ 1.07 crores. During July the price had a considerable reduction till ₹ 30.68 lakhs. During the following two months (August, September) the average price had a considerable increase of 213 % 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 148 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 2.68 crores they are 96 % more affordable than the average price for Rewari. The properties with the lowest average price have 4 BHK, Their price is 77 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 56.19 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,069 / sq.foot, with an average ₹ 5,292 / sq.foot price in Rewari. The properties with the lowest average prices have 3 BHK. They are 15 % cheaper than the average followed by properties with 4 BHK with a price at ₹ 3,374 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 2.68 crores it is 85 % cheaper than the average price in Rewari. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of ₹ 72.51 lakhs it is 301 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Villa" at an average cost of ₹ 3,606 / sq.foot followed by "Flat" priced at ₹ 3,709 / sq.foot. "Land" is the most costly type of property with a ₹ 8,228 / sq.foot cost followed by "Commercial" with an average price of ₹ 7,750 / sq.foot.