The prices in real estate in Thane, in the Maharashtra 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 Thane has fallen in the last 6 months. In August, the average price per sq.foot was ₹ 8,468. In the following month the price per sq.foot increased to ₹ 9,484. In the following two months the price per sq.foot has barely changed, going from ₹ 8,976 to ₹ 8,990 per sq.foot. The price per sq.foot has had a considerable deflation of 69 % 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 ₹ 8,983 to ₹ 6,212.5 during December, and January.
Based upon to the price in Thane (cities), these have remained the same in the last 6 months. The price in August is ₹ 58.68 lakhs, rising in September till ₹ 64.17 lakhs. During the following two months (October, November) the price has had an average incrementation from ₹ 61.42 lakhs to ₹ 64.91 lakhs. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 63.17 lakhs to ₹ 49.04 lakhs, which means a 78 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 47.57 lakhs they are 23 % more affordable than the average price for Thane. The properties with the highest average price have 4 BHK, Their price is 572 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 1.72 crores.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 6,718 / sq.foot, with an average ₹ 5,936 / sq.foot price in Thane. The properties with the highest average prices have 4 BHK. They are 164 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 15,013 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 47.57 lakhs it is 59 % cheaper than the average price in Thane. "Flat" is seen as the second most affordable property type. The dearest property type is "Office" followed by "Commercial". At a price of ₹ 1.04 crores it is 269 % 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 ₹ 776 / sq.foot followed by "Villa" priced at ₹ 3,668 / sq.foot. "Office" is the most costly type of property with a ₹ 21,969 / sq.foot cost followed by "Commercial" with an average price of ₹ 18,877 / sq.foot.