The prices in real estate in Trivandrum, in the Kerala region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.foot in Trivandrum has increased during the last 6 months. In November, the average price per sq.foot was ₹ 21,866. In the following month the price per sq.foot decreased considerably to ₹ 17,258. The price for the following two months in (January, February) had a considerable increment of 125 %. The price per sq.foot has had a considerable increase of 130 % 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 ₹ 22,032.25 to ₹ 28,705 during March, and April.
Based upon to the price in Trivandrum (cities), this has gone up considerably in the last 6 months. The price in November is ₹ 76.94 lakhs, rising in December till ₹ 86.41 lakhs. During the following two months (January, February) the price has had an average incrementation from ₹ 81.68 lakhs to ₹ 91.12 lakhs. Based on an analysis of the first four prices and the last two months the average price has gone up 114 % 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 ₹ 93.94 lakhs they are 63 % more affordable than the average price for Trivandrum. The properties with the lowest average price have 4 BHK, Their price is 9 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 66 lakhs.
With regard to the average price per sq.foot , those properties with 4 BHK are the cheapest ones at a cost of ₹ 3,931 / sq.foot, with an average ₹ 26,682 / sq.foot price in Trivandrum. The properties with the lowest average prices have 2 BHK. They are 82 % cheaper than the average followed by properties with 1 BHK with a price at ₹ 4,601 / sq.foot.
The graph displaying the average prices displays the property type "Office" as the most affordable one. At an cost of ₹ 93.94 lakhs it is 38 % cheaper than the average price in Trivandrum. "Commercial" is seen as the second most affordable property type. The cheapest type property is "House" followed by "Flat". At a price of ₹ 63.18 lakhs it is 24 % more affordable than the average price.
According to the average cost per sq.foot, the cheapest property type is "Flat" at an average cost of ₹ 3,316 / sq.foot followed by "House" priced at ₹ 3,783 / sq.foot. "Commercial" is the cheapest type of property with a ₹ 5,606 / sq.foot value followed by "Office" with an average price of ₹ 4,480 / sq.foot.