Property prices for rent in Kolkata (West Bengal)
The rent prices in real estate in Kolkata, in the West Bengal 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 Kolkata has risen strongly during the last 6 months. In October, the average price per sq.foot was ₹ 23.87. In the following month the price per sq.foot rose to ₹ 27.07. The price for the following two months in (December, January) had a considerable rise of 175 %. The price per sq.foot has had a considerable rise of 124 % 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 ₹ 34.99 to ₹ 43.49 during February, and March.
When referring to the price in Kolkata (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is ₹ 43,591. During November the price went through a considerable rise reaching ₹ 51,188. During the following two months (December, January) the price has had an average rise from ₹ 47,389.5 to ₹ 54,159.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₹ 50,774.5 and ₹ 50,766 between February and March.
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 ₹ 26,510 they are 72 % more affordable than the average price for Kolkata . The properties with the highest average price have 4 BHK, Their price is 176 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 30,856.
With regard to the average price per sq.foot, those properties with 1 BHK are the most affordable ones at a cost of ₹ 16.7 / sq.foot, with an average ₹ 26.52 / sq.foot price in Kolkata. The properties with the most expensive average prices have 4 BHK. They are 8 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 21.96 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 26,510 it is 63 % more affordable than the average price in Kolkata. "Flat" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Office". At a price of ₹ 9.24 lakhs it is 3605 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Land" at an average price of ₹ 15.09 / sq.foot followed by "House" priced at ₹ 17.33 / sq.foot. "Office" is the most expensive type of property with a ₹ 260 / sq.foot value followed by "Commercial" with an average price of ₹ 75.17 / sq.foot.
