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 October, the average price per sq.foot was ₹ 4,110. In the following month the price per sq.foot increased considerably to ₹ 25,536. The price for the following two months in (December, January) had a considerable increment of 231 %. The price per sq.foot has had a considerable increase of 153 % 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 ₹ 24,512 to ₹ 37,471.5 during February, and March.
Based upon to the price in Secunderabad (cities), this has gone up considerably in the last 6 months. The price in October is ₹ 57.49 lakhs, rising in November till ₹ 63.65 lakhs. During the following two months (December, January) the price has had an average incrementation from ₹ 60.57 lakhs to ₹ 64.92 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 125 % during the last two months.
The graph displaying the average price for BHK illustrates that those properties with 2 BHK are the cheapest ones. At a price of ₹ 66.67 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 98 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 97.37 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 34,355 / sq.foot, with an average ₹ 24,824 / sq.foot price in Secunderabad. The properties with the highest average prices have 1 BHK. They are 163 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 50,939 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 66.67 lakhs it is 86 % cheaper than the average price in Secunderabad. "Land" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Office". At a price of ₹ 71.31 lakhs it is 32 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 731 / sq.foot followed by "Land" priced at ₹ 2,504 / sq.foot. "Office" is the most costly type of property with a ₹ 1.25 lakhs / sq.foot cost followed by "House" with an average price of ₹ 4,113 / sq.foot.