The prices in real estate in Secunderabad, in the Andhra Pradesh 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 Secunderabad has increased strongly during the last 6 months. In April, the average price per sq.foot was ₹ 5,779. In May this price pretty much remained the same at a value of ₹ 5,696 per sq.foot. The price for the following two months in (June, July) had a considerable increment of 177 %. The price per sq.foot has had a considerable deflation of 71 % 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 ₹ 7,947.25 to ₹ 5,608.5 during August, and September.
Based upon to the price in Secunderabad (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is ₹ 1.12 crores. In May This price remains at ₹ 1.08 crores. During the following two months (June, July) the average price had a considerable reduction of 81 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from ₹ 99.57 lakhs to ₹ 92.27 lakhs in August and September.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 90.65 lakhs they are 51 % more affordable than the average price for Secunderabad. The properties with the highest average price have 4 BHK, Their price is 117 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.05 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 5,271 / sq.foot, with an average ₹ 4,565 / sq.foot price in Secunderabad. The properties with the highest average prices have 4 BHK. They are 52 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 5,754 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 90.65 lakhs it is 67 % cheaper than the average price in Secunderabad. "House" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Flat". At a price of ₹ 1.29 crores it is 47 % more expensive than the average price.
According to the average cost per sq.foot, the most expensive property type would be "Flat" at an average cost of ₹ 4,645 / sq.foot followed by "House" priced at ₹ 4,803 / sq.foot. "Office" is the most costly type of property with a ₹ 1.27 lakhs / sq.foot cost followed by "Villa" with an average price of ₹ 7,824 / sq.foot.