The rent prices in real estate in Amritsar, in the Punjab 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 Amritsar has risen strongly during the last 6 months. In October, the average price per sq.foot was ₹ 11.07. In the following month the price per sq.foot rose considerably to ₹ 129.36. The price for the following two months in (December, January) had a considerable rise of 185 %. The price per sq.foot has had a considerable fall of 22 % 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 ₹ 100.16 to ₹ 21.58 during February, and March.
When referring to the price in Amritsar (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is ₹ 11,575. During November the price went through a considerable rise reaching ₹ 34,331. During the following two months (December, January) the average price had a considerable rise of 137 % 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 increased 106 % 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 ₹ 40,362 they are 83 % more affordable than the average price for Amritsar . The properties with the lowest average price have 4 BHK, Their price is 17 % more affordable than the average. After that we have properties with 2 BHK priced at ₹ 10,236.
With regard to the average price per sq.foot, those properties with 1 BHK are the most affordable ones at a cost of ₹ 10.87 / sq.foot, with an average ₹ 28.58 / sq.foot price in Amritsar. The properties with the most affordable average prices have 4 BHK. They are 55 % more affordable than the average followed by properties with 2 BHK with a price at ₹ 11.55 / sq.foot.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of ₹ 40,362 it is 74 % more affordable than the average price in Amritsar. "Land" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of ₹ 67,579 it is 71 % 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 ₹ 10 / sq.foot followed by "Land" priced at ₹ 14 / sq.foot. "Farm" is the most expensive type of property with a ₹ 424 / sq.foot value followed by "Commercial" with an average price of ₹ 57 / sq.foot.