Property prices for sale in Tirupati (Andhra Pradesh)
The prices in real estate in Tirupati, in the Andhra Pradesh region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.foot in Tirupati has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 5,917. In the following month the price per sq.foot decreased to ₹ 5,425. The price for the following two months in (December, January) had a considerable decrease of 73 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 70 % 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 ₹ 4,902 to ₹ 3,421 during February, and March.
Based upon to the price in Tirupati (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₹ 1.22 crores. In November This price remains at ₹ 1.19 crores. During the following two months (December, January) the average price had a considerable reduction of 69 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 1.02 crores to ₹ 49.75 lakhs, which means a 49 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 51.74 lakhs they are 54 % more affordable than the average price for Tirupati. The properties with the highest average price have 4 BHK, Their price is 128 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 51.14 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,093 / sq.foot, with an average ₹ 3,592 / sq.foot price in Tirupati. The properties with the highest average prices have 4 BHK. They are 58 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 3,454 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 51.74 lakhs it is 38 % cheaper than the average price in Tirupati. "Commercial" is seen as the second most affordable property type. The dearest property type is "Villa" followed by "House". At a price of ₹ 51.79 lakhs it is 163 % 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 ₹ 1,279 / sq.foot followed by "Commercial" priced at ₹ 1,597 / sq.foot. "Villa" is the most costly type of property with a ₹ 4,991 / sq.foot cost followed by "House" with an average price of ₹ 4,128 / sq.foot.
