The rent prices in real estate in Ghaziabad, in the Uttar Pradesh 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 Ghaziabad has risen strongly during the last 6 months. In September, the average price per sq.foot was ₹ 13.13. In the following month the price per sq.foot rose considerably to ₹ 18.3. The price for the following two months in (November, December) had a considerable rise of 126 %. 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 ₹ 17.76 to ₹ 17.85 during January y February
When referring to the price in Ghaziabad (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is ₹ 14,723. During October the price went through a considerable rise reaching ₹ 20,183. During the following two months (November, December) the average price had a considerable rise of 116 % with regard to the previous two months. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₹ 18,876.5 and ₹ 18,487.5 between January and February.
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 ₹ 18,775 they are 59 % more affordable than the average price for Ghaziabad . The properties with the highest average price have 4 BHK, Their price is 91 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 22,325.
With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 14.97 / sq.foot, with an average ₹ 16.78 / sq.foot price in Ghaziabad. The properties with the most affordable average prices have 4 BHK. They are 3 % more affordable than the average followed by properties with 2 BHK with a price at ₹ 15.76 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 18,775 it is 50 % more affordable than the average price in Ghaziabad. "Flat" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "House". At a price of ₹ 68,250 it is 3705 % 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 ₹ 12.25 / sq.foot followed by "Office" priced at ₹ 15.06 / sq.foot. "Villa" is the most expensive type of property with a ₹ 2,625 / sq.foot value followed by "Commercial" with an average price of ₹ 44.95 / sq.foot.