The average price in the Punjab region has had a slight decrease in recent months. There has been a deflation in the prices in this region.
The price per sq.feet in Punjab has risen in the last 6 months. During June, the average price per sq.feet was Rs. 29,540. In July the price pretty much stayed the same at Rs. 29,002 per sq.feet. The following two months (August, September) there has been a deflation of 91 % in the price per sq.feet with regard to the previous two. In the last two months, the price has stayed the same with regard to the average value for the last 4 months going from an average price per sq.feet of Rs. 28,023.25 to Rs. 28,391.5 during October and November.
Based upon to the price in Punjab(region), these have remained the same in the last 6 months. In the first month sample June the average price is Rs. 1.22 crores. In July the price was the same at Rs. 1.27 crores. The average price for the following two months (August, September) decreased 90 % compared to the prior two. During the last two months the average price has remained stagnant and has gone from Rs. 1.18 crores to Rs. 1.23 crores during October and November.
The graph displaying the the average price per number of bedrooms shows that those with 1 bedroom are the cheapest ones. They are 78 % more affordable than the average price in Punjab followed by those with 2 with an average price of Rs. 37.91 lakhs. The most costly properties have 4 bedrooms. They are 24 % more expensive than the average followed by those properties with 3 bedrooms priced at Rs. 84.17 lakhs.
Based on the average price per sq.feet those properties with 1 bedroom are the dearest ones with a price of Rs. 86,038 / sq.feet being Rs. 29,179 / sq.feet the average value within the Punjab region. The properties with the most expensive average price are those with 3 bedrooms. These are 884 % more costly than the average followed by those with 2 bedrooms with a price of Rs. 2.06 lakhs / sq.feet.
The graph displaying the average price according to the property type shows "Apartment" as the cheapest one. With an average cost of Rs. 1.35 crores it is 74 % more affordable than the average in Punjab. This is followed by "Commercial" with a price of Rs. 89.42 lakhs. The dearest property type is "Land" and is 322 % more expensive than the average, followed by "Commercial Plot" with a cost of Rs. 5.21 crores.
Based on the average cost per sq.feet the cheapest property type is "Land with a an average cost of Rs. 5,557 / sq.feet, followed by "Commercial" with a price of Rs. 29,124 / sq.feet. "Commercial Plot" with an average price of Rs. 4.16 lakhs / sq.feet is the most costly type of property followed by "Apartment" at a price of Rs. 62,844 / sq.feet.