Property prices for rent in Delhi (National Capital Territory Of Delhi)
The rent prices in real estate in Delhi, in the National Capital Territory Of Delhi region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.foot in Delhi has had a strong fall during the last 6 months. In October, the average price per sq.foot was ₹ 111.98. In the following month the price per sq.foot fell considerably to ₹ 75.93. The price for the following two months in (December, January) had a considerable fall of 62 with regard to the previous two months. The price per sq.foot has had a considerable fall of 67 % 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 ₹ 75.95 to ₹ 50.81 during February, and March.
When referring to the price in Delhi (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 46,198. During November the price had a slight fall till ₹ 39,322. In the following two months the average price has hardly changed with regard to the previous two months from ₹ 42,760 to ₹ 41,322.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 88 %, going from ₹ 42,041.25 to ₹ 36,834.5 in 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 ₹ 38,538 they are 62 % more affordable than the average price for Delhi . The properties with the highest average price have 4 BHK, Their price is 506 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 49,931.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 34.83 / sq.foot, with an average ₹ 63.11 / sq.foot price in Delhi. The properties with the most expensive average prices have 4 BHK. They are 33 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 69.24 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 38,538 it is 53 % more affordable than the average price in Delhi. "Flat" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Office". At a price of ₹ 4.53 lakhs it is 2518 % 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 ₹ 25.46 / sq.foot followed by "Flat" priced at ₹ 29.97 / sq.foot. "Villa" is the most expensive type of property with a ₹ 3,085 / sq.foot value followed by "Commercial" with an average price of ₹ 109.19 / sq.foot.
