The rent prices in real estate in Hubli, in the Karnataka 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 Hubli has risen strongly during the last 6 months. In September, the average price per sq.foot was . In the following month the price per sq.foot rose considerably to ₹ 124. The price for the following two months in (November, December) had a considerable fall of 20 with regard to the previous two months. The price per sq.foot has had a considerable fall of 28 % 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 ₹ 37.06 to ₹ 10.41 during January, and February.
When referring to the price in Hubli (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is . During October the price went through a considerable rise reaching ₹ 1.27 lakhs. During the following two months (November, December) the average price had a considerable fall of 15 % 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 ₹ 36,408.5 to ₹ 9,905, which means a 27 % 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 ₹ 10,167 they are 31 % more affordable than the average price for Hubli . The properties with the highest average price have 3 BHK, Their price is 21 % more expensive than the average. After that we have properties with 2 BHK priced at ₹ 11,700.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 10.08 / sq.foot, with an average ₹ 10.71 / sq.foot price in Hubli. The properties with the most expensive average prices have 1 BHK. They are 9 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 10.08 / sq.foot.
According to average price per property type in Hubli, "" priced at ₹ 12,331 is 21 % more expensive than the average price (₹ 10,167) in this city.