The prices in real estate in Vadodara, in the Gujarat 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 Vadodara has had a strong decrease during the last 6 months. In December, the average price per sq.foot was ₹ 4,070. In the following month the price per sq.foot decreased to ₹ 3,698. The price for the following two months in (February, March) had a considerable decrease of 43 with regard to the prior two months. The price per sq.foot has had a considerable increase of 123 % 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 ₹ 2,782.5 to ₹ 3,411 during April, and May.
Based upon to the price in Vadodara (cities), this has fallen considerably in the last 6 months. The price in December is ₹ 60.45 lakhs, rising in January till ₹ 63.92 lakhs. During the following two months (February, March) the average price had a considerable reduction of 44 % 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 117 % 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 ₹ 51.69 lakhs they are 54 % more affordable than the average price for Vadodara. The properties with the highest average price have 4 BHK, Their price is 81 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 56.47 lakhs.
With regard to the average price per sq.foot , those properties with 2 BHK are the cheapest ones at a cost of ₹ 2,931 / sq.foot, with an average ₹ 3,414 / sq.foot price in Vadodara. The properties with the highest average prices have 4 BHK. They are 27 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 3,442 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 51.69 lakhs it is 17 % cheaper than the average price in Vadodara. "Commercial" is seen as the second most affordable property type. The dearest property type is "Land" followed by "Villa". At a price of ₹ 70.94 lakhs it is 172 % 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 ₹ 3,013 / sq.foot followed by "Land" priced at ₹ 3,270 / sq.foot. "House" is the most costly type of property with a ₹ 4,424 / sq.foot cost followed by "Villa" with an average price of ₹ 4,367 / sq.foot.