The rent prices in real estate in Ahmedabad, in the Gujarat region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.foot in Ahmedabad has risen strongly during the last 6 months. In September, the average price per sq.foot was ₹ 16.4. In the following month the price per sq.foot rose considerably to ₹ 22.13. The price for the following two months in (November, December) had a considerable rise of 137 %. The price per sq.foot has had a considerable rise of 127 % 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 ₹ 22.83 to ₹ 29 during January, and February.
When referring to the price in Ahmedabad (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is ₹ 26,323. During October the price went through a considerable rise reaching ₹ 45,618. During the following two months (November, December) the average price had a considerable rise of 227 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from ₹ 58,855.5 to ₹ 35,362.5, which means a 60 % fall.
The graph displaying the average rent price for BHK illustrates that those properties with 1 BHK are the most affordable ones. At a price of ₹ 35,997 they are 67 % more affordable than the average price for Ahmedabad . The properties with the highest average price have 4 BHK, Their price is 81 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 30,296.
With regard to the average price per sq.foot, those properties with 1 BHK are the most affordable ones at a cost of ₹ 16.59 / sq.foot, with an average ₹ 29.16 / sq.foot price in Ahmedabad. The properties with the most affordable average prices have 4 BHK. They are 27 % more affordable than the average followed by properties with 3 BHK with a price at ₹ 17.31 / sq.foot.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of ₹ 35,997 it is 52 % more affordable than the average price in Ahmedabad. "Flat" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Commercial". At a price of ₹ 59,694 it is 69 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Villa" at an average price of ₹ 17.35 / sq.foot followed by "House" priced at ₹ 18.36 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 45.02 / sq.foot value followed by "Land" with an average price of ₹ 42.31 / sq.foot.