Property prices for rent in Chandigarh (Union Territory Of Chandigarh)
The rent prices in real estate in Chandigarh, in the Union Territory Of Chandigarh region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.foot in Chandigarh has risen during the last 6 months. In October, the average price per sq.foot was ₹ 23.34. In November this price barely changed remaining at ₹ 23.83 per sq.foot. The price for the following two months in (December, January) fell 93 % with regard to the previous two months. 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 ₹ 22.79 to ₹ 28.91 during February, and March.
When referring to the price in Chandigarh (cities), there have hardly been any changes in the last 6 months. The average price for October is ₹ 31,913. During November the price had a slight fall till ₹ 27,531. During the following two months (December, January) the average price had a considerable fall of 82 % 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 had a strong increase of 156 % during the last two months.
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 ₹ 51,006 they are 73 % more affordable than the average price for Chandigarh . The properties with the lowest average price have 3 BHK, Their price is 4 % more affordable than the average. After that we have properties with 4 BHK priced at ₹ 48,031.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 18.8 / sq.foot, with an average ₹ 31.72 / sq.foot price in Chandigarh. The properties with the most affordable average prices have 3 BHK. They are 18 % more affordable than the average followed by properties with 4 BHK with a price at ₹ 21.64 / sq.foot.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of ₹ 51,006 it is 75 % more affordable than the average price in Chandigarh. "Flat" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Land". At a price of ₹ 3.08 lakhs it is 913 % 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 ₹ 19.98 / sq.foot followed by "Flat" priced at ₹ 23.03 / sq.foot. "Office" is the most expensive type of property with a ₹ 1,003 / sq.foot value followed by "Commercial" with an average price of ₹ 106 / sq.foot.
