The prices in real estate in Secunderabad, in the Andhra Pradesh 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 Secunderabad has had a strong decrease during the last 6 months. In January, the average price per sq.foot was ₹ 9,389. In the following month the price per sq.foot decreased considerably to ₹ 4,293. The price for the following two months in (March, April) had a considerable decrease of 42 with regard to the prior two months. The price per sq.foot has had a considerable increase of 172 % 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 ₹ 4,865.25 to ₹ 8,368 during May, and June.
Based upon to the price in Secunderabad (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during January, is ₹ 59.02 lakhs. During February the price went through a considerable rise reaching ₹ 81.35 lakhs. During the following two months (March, April) the average price had a considerable reduction of 79 % 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 158 % 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 ₹ 90.93 lakhs they are 41 % more affordable than the average price for Secunderabad. The properties with the highest average price have 4 BHK, Their price is 108 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 96.89 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 4,755 / sq.foot, with an average ₹ 11,040 / sq.foot price in Secunderabad. The properties with the highest average prices have 4 BHK. They are 80 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 5,226 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 90.93 lakhs it is 60 % cheaper than the average price in Secunderabad. "House" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Flat". At a price of ₹ 1.07 crores it is 279 % 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 ₹ 3,859 / sq.foot followed by "Flat" priced at ₹ 5,375 / sq.foot. "Office" is the most costly type of property with a ₹ 68,389 / sq.foot cost followed by "House" with an average price of ₹ 59,928 / sq.foot.