Property prices for rent in Bhubaneswar (Orissa)
The rent prices in real estate in Bhubaneswar, in the Orissa region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.foot in Bhubaneswar has barely changed in the last 6 months. In October, the average price per sq.foot was ₹ 12.41. In November this price barely changed remaining at ₹ 12.72 per sq.foot. In the following two months the price per sq.foot has practically remained the same, going from ₹ 12.56 to ₹ 12.6 per sq.foot. The price per sq.foot has hardly changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 12.58 to ₹ 12.36 during February y March
When referring to the price in Bhubaneswar (cities), this has risen considerably in the last 6 months. The rent price in October is ₹ 12,276, rising in November till ₹ 12,900. During the following two months (December, January) the average price had a considerable rise of 122 % 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 113 % 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 ₹ 15,388 they are 47 % more affordable than the average price for Bhubaneswar . The properties with the highest average price have 4 BHK, Their price is 122 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 22,813.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 11.1 / sq.foot, with an average ₹ 12.46 / sq.foot price in Bhubaneswar. The properties with the most expensive average prices have 4 BHK. They are 16 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 13.37 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 15,388 it is 29 % more affordable than the average price in Bhubaneswar. "Villa" is seen as the second most affordable property type. The most expensive property type is "Flat" followed by "". At a price of ₹ 13,623 it is 8 % 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 ₹ 10.23 / sq.foot followed by "Flat" priced at ₹ 11.88 / sq.foot. "Villa" is the most expensive type of property with a ₹ 18.79 / sq.foot value followed by "Flat" with an average price of ₹ 11.88 / sq.foot.
