Property prices for sale in Varanasi (Uttar Pradesh)
The prices in real estate in Varanasi, in the Uttar 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 Varanasi has had a strong decrease during the last 6 months. In September, the average price per sq.foot was ₹ 2,770. In the following month the price per sq.foot decreased considerably to ₹ 1,704. The price for the following two months in (November, December) had a considerable decrease of 71 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 81 % 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 ₹ 1,909.25 to ₹ 1,537 during January, and February.
Based upon to the price in Varanasi (cities), this has fallen considerably in the last 6 months. The average price for September is ₹ 55.88 lakhs. During October the price had a considerable reduction till ₹ 27.85 lakhs. During the following two months (November, December) the average price had a considerable reduction of 48 % 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 ₹ 30.96 lakhs to ₹ 25.56 lakhs, which means a 83 % fall.
The graph displaying the average price for BHK illustrates that those properties with 1 BHK are the cheapest ones. At a price of ₹ 33.41 lakhs they are 22 % more affordable than the average price for Varanasi. The properties with the highest average price have 4 BHK, Their price is 140 % more costly than the average. After that we have properties with 3 BHK priced at ₹ 62.08 lakhs.
With regard to the average price per sq.foot , those properties with 1 BHK are the most costly ones at a cost of ₹ 4,056 / sq.foot, with an average ₹ 1,638 / sq.foot price in Varanasi. The properties with the highest average prices have 4 BHK. They are 241 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 4,808 / sq.foot.
The graph displaying the average prices displays the property type "Land" as the most affordable one. At an cost of ₹ 33.41 lakhs it is 17 % cheaper than the average price in Varanasi. "Villa" is seen as the second most affordable property type. The dearest property type is "Commercial" followed by "House". At a price of ₹ 97.19 lakhs it is 535 % more expensive than the average price.
According to the average cost per sq.foot, the cheapest property type is "Land" at an average cost of ₹ 1,612 / sq.foot followed by "Villa" priced at ₹ 4,956 / sq.foot. "Commercial" is the most costly type of property with a ₹ 16,295 / sq.foot cost followed by "House" with an average price of ₹ 5,443 / sq.foot.
