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 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 Delhi has barely changed in the last 6 months. In August, the average price per sq.foot was ₹ 27.2. In the following month the price per sq.foot rose to ₹ 30.81. In the following two months the price per sq.foot has risen 109 %, going from ₹ 29 to ₹ 31.65 per sq.foot. The price per sq.foot has had a considerable fall of 65 % 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 ₹ 30.33 to ₹ 19.58 during December, and January.
When referring to the price in Delhi (cities), this has risen considerably in the last 6 months. The average price during our first sample month during August, is ₹ 29,796. During September the price went through a considerable rise reaching ₹ 1.84 lakhs. During the following two months (October, November) the average price had a considerable fall of 29 % 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 ₹ 68,655 to ₹ 42,125.5, which means a 61 % 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 ₹ 37,988 they are 77 % more affordable than the average price for Delhi . The properties with the highest average price have 4 BHK, Their price is 78 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 28,011.
With regard to the average price per sq.foot, those properties with 2 BHK are the most expensive ones at a cost of ₹ 18.49 / sq.foot, with an average ₹ 17.71 / sq.foot price in Delhi. The properties with the most expensive average prices have 4 BHK. They are 93 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 21.45 / sq.foot.
The graph displaying the average rent prices displays the property type "Commercial" as the most affordable one. At an cost of ₹ 37,988 it is 60 % 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 "House". At a price of ₹ 1.66 lakhs it is 542 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Commercial" at an average price of ₹ 17.55 / sq.foot followed by "Flat" priced at ₹ 18.25 / sq.foot. "Villa" is the most expensive type of property with a ₹ 288.56 / sq.foot value followed by "Land" with an average price of ₹ 84.37 / sq.foot.
