The prices in real estate in Sonepat, in the Haryana 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 Sonepat has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 2,360. In the following month the price per sq.foot increased considerably to ₹ 2,783. In the following two months the price per sq.foot has increased 108 %, going from ₹ 2,571.5 to ₹ 2,783 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 ₹ 2,677.25 to ₹ 2,684.5 during February y March
Based upon to the price in Sonepat (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 25 lakhs. During November the price went through a considerable rise reaching ₹ 30.79 lakhs. During the following two months (December, January) the price has had an average incrementation from ₹ 27.89 lakhs to ₹ 30.79 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 146 % 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 ₹ 35.38 lakhs they are 58 % more affordable than the average price for Sonepat. The properties with the highest average price have 4 BHK, Their price is 75 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 45.69 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the most costly ones at a cost of ₹ 2,609 / sq.foot, with an average ₹ 2,593 / sq.foot price in Sonepat. The properties with the highest average prices have 4 BHK. They are 13 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 2,809 / sq.foot.
The graph displaying the average prices displays the property type "Villa" as the most costly one. At an cost of ₹ 35.38 lakhs it is 18 % more expensive than the average price in Sonepat. "Flat" is seen as the second dearest property type. The dearest property type is "House" followed by "Flat". At a price of ₹ 44.87 lakhs it is 32 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "House" at an average cost of ₹ 1,941 / sq.foot followed by "Villa" priced at ₹ 2,704 / sq.foot. "Flat" is the most costly type of property with a ₹ 2,769 / sq.foot cost followed by "Villa" with an average price of ₹ 2,704 / sq.foot.