The prices in real estate in Solapur, in the Maharashtra 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 Solapur has increased strongly during the last 6 months. In September, the average price per sq.foot was ₹ 3,040. In October this price pretty much remained the same at a value of ₹ 3,115 per sq.foot. The price for the following two months in (November, December) had a considerable increment of 460 %. 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 ₹ 8,614.25 to ₹ 3,908 during January, and February.
Based upon to the price in Solapur (cities), this has gone up considerably in the last 6 months. The price in September is ₹ 26.71 lakhs, rising in October till ₹ 28.77 lakhs. During the following two months (November, December) the average price had a considerable increase of 555 % 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 140 % 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 ₹ 1.52 crores they are 87 % more affordable than the average price for Solapur. The properties with the lowest average price have 4 BHK, Their price is 55 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 48.63 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 2,646 / sq.foot, with an average ₹ 2,850 / sq.foot price in Solapur. The properties with the highest average prices have 3 BHK. They are 31 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 3,472 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 1.52 crores it is 92 % cheaper than the average price in Solapur. "House" is seen as the second most affordable property type. The cheapest type property is "Villa" followed by "Commercial". At a price of ₹ 39.23 lakhs it is 69 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 748 / sq.foot followed by "Commercial" priced at ₹ 2,942 / sq.foot. "House" is the most costly type of property with a ₹ 3,640 / sq.foot cost followed by "Office" with an average price of ₹ 3,433 / sq.foot.