Property prices for rent in Ahmedabad (Gujarat)
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 October, the average price per sq.foot was ₹ 22.13. In the following month the price per sq.foot rose considerably to ₹ 25.62. The price for the following two months in (December, January) had a considerable rise of 117 %. The price per sq.foot has risen 115 % 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 ₹ 25.94 to ₹ 29.78 during February, and March.
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 October, is ₹ 45,618. During November the price went through a considerable rise reaching ₹ 93,510. During the following two months (December, January) the average price had a considerable fall of 75 % 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 ₹ 60,956.75 to ₹ 36,276, 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 ₹ 36,555 they are 66 % more affordable than the average price for Ahmedabad . The properties with the highest average price have 4 BHK, Their price is 59 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 30,994.
With regard to the average price per sq.foot, those properties with 1 BHK are the most affordable ones at a cost of ₹ 16.72 / sq.foot, with an average ₹ 30.41 / sq.foot price in Ahmedabad. The properties with the most affordable average prices have 4 BHK. They are 34 % more affordable than the average followed by properties with 3 BHK with a price at ₹ 18.33 / sq.foot.
The graph displaying the average rent prices displays the property type "Office" as the most affordable one. At an cost of ₹ 36,555 it is 53 % 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 ₹ 54,643 it is 64 % 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 ₹ 17.65 / sq.foot followed by "Flat" priced at ₹ 18.62 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 48.95 / sq.foot value followed by "Land" with an average price of ₹ 41.48 / sq.foot.
