The prices in real estate in Valsad, in the Gujarat 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 Valsad has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 3,031. In the following month the price per sq.foot increased considerably to ₹ 13.38 lakhs. The price for the following two months in (December, January) had a considerable decrease of 1 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 1 % 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 ₹ 3.38 lakhs to ₹ 3,098.5 during February, and March.
Based upon to the price in Valsad (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 43.22 lakhs. During November the price went through a considerable rise reaching ₹ 2.77 crores. During the following two months (December, January) the average price had a considerable increase of 129 % 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 ₹ 1.83 crores to ₹ 39.09 lakhs, which means a 21 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 41.81 lakhs they are 61 % more affordable than the average price for Valsad. 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 ₹ 62 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the cheapest ones at a cost of ₹ 2,394 / sq.foot, with an average ₹ 3,054 / sq.foot price in Valsad. The properties with the highest average prices have 3 BHK. They are 12 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 3,344 / sq.foot.
The graph displaying the average prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 41.81 lakhs it is 44 % cheaper than the average price in Valsad. "Commercial" is seen as the second most affordable property type. The dearest property type is "House" followed by "Land". At a price of ₹ 65.33 lakhs it is 99 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "House" at an average cost of ₹ 1,491 / sq.foot followed by "Flat" priced at ₹ 1,707 / sq.foot. "Villa" is the most costly type of property with a ₹ 3,069 / sq.foot cost followed by "Commercial" with an average price of ₹ 2,468 / sq.foot.