The prices in real estate in Sri Ganganagar, in the Rajasthan region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.foot in Sri Ganganagar has fallen in the last 6 months. In October, the average price per sq.foot was ₹ 2,147. In November this price pretty much remained the same at a value of ₹ 2,206 per sq.foot. In the following two months the price per sq.foot has increased 105 %, going from ₹ 2,176.5 to ₹ 2,286 per sq.foot. The price per sq.foot has had a considerable deflation of 62 % 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 ₹ 2,231.25 to ₹ 1,394.5 during February, and March.
Based upon to the price in Sri Ganganagar (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is ₹ 27.38 lakhs. During November the price went through a considerable rise reaching ₹ 34.63 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 31.01 lakhs to ₹ 32.42 lakhs. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 31.71 lakhs to ₹ 22.9 lakhs, which means a 72 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 21.19 lakhs they are 35 % more affordable than the average price for Sri Ganganagar. The properties with the highest average price have 4 BHK, Their price is 73 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 30.53 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 1,630 / sq.foot, with an average ₹ 1,196 / sq.foot price in Sri Ganganagar. The properties with the highest average prices have 3 BHK. They are 105 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 2,313 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 21.19 lakhs it is 3 % cheaper than the average price in Sri Ganganagar. "Villa" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "Land". At a price of ₹ 20.63 lakhs it is 33 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 1,009 / sq.foot followed by "Villa" priced at ₹ 2,201 / sq.foot. "Villa" is the most costly type of property with a ₹ 2,201 / sq.foot cost followed by "Land" with an average price of ₹ 1,009 / sq.foot.