The prices in real estate in Shimla, in the Rajasthan region have remained the same in the last couple of months. The real estate prices for second hand homes have remained in this city.
The price per sq.foot in Shimla has remained the same in the last 6 months. In September, the average price per sq.foot was ₹ 7,256. In October this price pretty much remained the same at a value of ₹ 7,520 per sq.foot. In the following two months the price per sq.foot has barely changed, going from ₹ 7,388 to ₹ 7,098.5 per sq.foot. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 7,243.25 to ₹ 7,455.5 during January y February
Based upon to the price in Shimla (cities), this has gone downing the last 6 months. In our first sample month during September, the average price is ₹ 1.2 crores. In October This price remains at ₹ 1.17 crores. During the following two months (November, December) the average price fell 93 % 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 94 %, going from ₹ 1.15 crores to ₹ 1.08 crores in January and February.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 1.1 crores they are 66 % more affordable than the average price for Shimla. The properties with the lowest average price have 3 BHK, Their price is 33 % cheaper than the average. After that we have properties with 4 BHK priced at ₹ 71.21 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 5,585 / sq.foot, with an average ₹ 7,728 / sq.foot price in Shimla. The properties with the lowest average prices have 1 BHK. They are 19 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 6,119 / sq.foot.
The graph displaying the average prices displays the property type "House" as the most affordable one. At an cost of ₹ 1.1 crores it is 29 % cheaper than the average price in Shimla. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Flat". At a price of ₹ 1.26 crores it is 97 % 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 ₹ 4,472 / sq.foot followed by "House" priced at ₹ 7,273 / sq.foot. "Commercial" is the most costly type of property with a ₹ 6.38 lakhs / sq.foot cost followed by "Flat" with an average price of ₹ 8,910 / sq.foot.