The prices in real estate in Udaipur, in the Rajasthan 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 Udaipur has had a strong decrease during the last 6 months. In September, the average price per sq.foot was ₹ 4,922. In October this price pretty much remained the same at a value of ₹ 4,907 per sq.foot. The price for the following two months in (November, December) had a considerable decrease of 80 with regard to the prior two months. The price per sq.foot has decreased 90 % 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 ₹ 4,411 to ₹ 3,981 during January, and February.
Based upon to the price in Udaipur (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is ₹ 48.68 lakhs. During October the price went through a considerable rise reaching ₹ 72.37 lakhs. During the following two months (November, December) the average price had a considerable increase of 163 % 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 200 % 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 ₹ 2.62 crores they are 93 % more affordable than the average price for Udaipur. The properties with the lowest average price have 4 BHK, Their price is 69 % cheaper than the average. After that we have properties with 3 BHK priced at ₹ 59.69 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 3,087 / sq.foot, with an average ₹ 4,229 / sq.foot price in Udaipur. The properties with the highest average prices have 4 BHK. They are 8 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 3,870 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 2.62 crores it is 90 % cheaper than the average price in Udaipur. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "Office". At a price of ₹ 6.81 crores it is 1890 % 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 ₹ 1,586 / sq.foot followed by "Villa" priced at ₹ 3,322 / sq.foot. "Commercial" is the most costly type of property with a ₹ 56,731 / sq.foot cost followed by "Office" with an average price of ₹ 35,359 / sq.foot.