Property prices for rent in Faridabad (Haryana)
The rent prices in real estate in Faridabad, in the Haryana region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.foot in Faridabad has fallen during the last 6 months. In October, the average price per sq.foot was ₹ 30.2. In the following month the price per sq.foot rose to ₹ 34.48. The price for the following two months in (December, January) had a considerable fall of 83 with regard to the previous two months. The price per sq.foot has had a considerable fall of 85 % 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 ₹ 29.54 to ₹ 25.11 during February, and March.
When referring to the price in Faridabad (cities), there have hardly been any changes in the last 6 months. The average price during our first sample month during October, is ₹ 31,715. During November the price went through a considerable rise reaching ₹ 36,948. During the following two months (December, January) the price has had an average rise from ₹ 34,331.5 to ₹ 37,216.5. During the last two months the average price has fallen greatly compared to the previous four going from ₹ 35,774 to ₹ 24,662, which means a 69 % 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 ₹ 26,163 they are 73 % more affordable than the average price for Faridabad . The properties with the highest average price have 4 BHK, Their price is 22 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 21,263.
With regard to the average price per sq.foot, those properties with 4 BHK are the most affordable ones at a cost of ₹ 13.31 / sq.foot, with an average ₹ 28 / sq.foot price in Faridabad. The properties with the most affordable average prices have 1 BHK. They are 36 % more affordable than the average followed by properties with 3 BHK with a price at ₹ 16.44 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 26,163 it is 52 % more affordable than the average price in Faridabad. "Flat" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of ₹ 53,125 it is 176 % 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 ₹ 13.66 / sq.foot followed by "Office" priced at ₹ 16.69 / sq.foot. "House" is the most expensive type of property with a ₹ 54.27 / sq.foot value followed by "Villa" with an average price of ₹ 40 / sq.foot.
