The rent prices in real estate in Faridabad, in the Haryana 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 Faridabad has risen strongly during the last 6 months. In December, the average price per sq.foot was ₹ 12.24. In January this price barely changed remaining at ₹ 12.38 per sq.foot. The price for the following two months in (February, March) had a considerable rise of 253 %. The price per sq.foot has had a considerable fall of 55 % 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 ₹ 21.74 to ₹ 11.93 during April, and May.
When referring to the price in Faridabad (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is ₹ 15,595. In January This price remains at ₹ 15,805. During the following two months (February, March) the average price had a considerable fall of 76 % 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 ₹ 13,778 to ₹ 11,356, which means a 82 % 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 ₹ 11,596 they are 43 % more affordable than the average price for Faridabad . The properties with the highest average price have 4 BHK, Their price is 132 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 18,948.
With regard to the average price per sq.foot, those properties with 4 BHK are the most affordable ones at a cost of ₹ 11.82 / sq.foot, with an average ₹ 12.38 / sq.foot price in Faridabad. The properties with the most expensive average prices have 1 BHK. They are 16 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 13.19 / sq.foot.
The graph displaying the average rent prices displays the property type "House" as the most expensive one. At an cost of ₹ 11,596 it is 3 % more expensive than the average price in Faridabad. "Land" is seen as the second most expensive property type. The most expensive property type is "Commercial" followed by "Office". At a price of ₹ 26,375 it is 570 % more expensive than the average price.
According to the average cost per sq.foot, the least affordable property would be "Flat" at an average price of ₹ 12.83 / sq.foot followed by "Villa" priced at ₹ 13 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 154.71 / sq.foot value followed by "House" with an average price of ₹ 54.26 / sq.foot.