The prices in real estate in Thrissur, in the Kerala 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 Thrissur has increased strongly during the last 6 months. In September, the average price per sq.foot was ₹ 2 lakhs. In the following month the price per sq.foot decreased considerably to ₹ 1,884. The price for the following two months in (November, December) had a considerable increment of 270 %. The price per sq.foot has had a considerable increase of 196 % 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 ₹ 1.87 lakhs to ₹ 3.66 lakhs during January, and February.
Based upon to the price in Thrissur (cities), this has gone up considerably in the last 6 months. The average price for September is ₹ 69.6 lakhs. During October the price had a considerable reduction till ₹ 48.83 lakhs. During the following two months (November, December) the average price had a considerable increase of 206 % 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 166 % 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 ₹ 1.45 crores they are 87 % more affordable than the average price for Thrissur. The properties with the lowest average price have 4 BHK, Their price is 45 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 54.86 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,637 / sq.foot, with an average ₹ 2.48 lakhs / sq.foot price in Thrissur. The properties with the lowest average prices have 4 BHK. They are 98 % cheaper than the average followed by properties with 2 BHK with a price at ₹ 3,728 / sq.foot.
The graph displaying the average prices displays the property type "Villa" as the most affordable one. At an cost of ₹ 1.45 crores it is 70 % cheaper than the average price in Thrissur. "Flat" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Farm". At a price of ₹ 96.85 lakhs it is 751 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 1,164 / sq.foot followed by "House" priced at ₹ 3,723 / sq.foot. "Farm" is the most costly type of property with a ₹ 4.44 lakhs / sq.foot cost followed by "Commercial" with an average price of ₹ 36,011 / sq.foot.