The rent prices in real estate in Gurgaon, 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 Gurgaon has risen strongly during the last 6 months. In June, the average price per sq.foot was ₹ 29.23. In the following month the price per sq.foot rose to ₹ 31.92. In the following two months the price per sq.foot has risen 107 %, going from ₹ 30.58 to ₹ 32.74 per sq.foot. The price per sq.foot has had a considerable rise of 126 % 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 ₹ 31.66 to ₹ 40.03 during October, and November.
When referring to the price in Gurgaon (cities), this has risen considerably in the last 6 months. The average price during our first sample month during June, is ₹ 42,791. During July the price went through a considerable rise reaching ₹ 49,236. During the following two months (August, September) the average price had a considerable rise of 159 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 201 % during the last two months.
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 ₹ 1.64 lakhs they are 90 % more affordable than the average price for Gurgaon . The properties with the lowest average price have 4 BHK, Their price is 51 % more affordable than the average. After that we have properties with 3 BHK priced at ₹ 52,956.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 21.56 / sq.foot, with an average ₹ 41.96 / sq.foot price in Gurgaon. The properties with the most affordable average prices have 1 BHK. They are 31 % more affordable than the average followed by properties with 4 BHK with a price at ₹ 25.61 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 1.64 lakhs it is 88 % more affordable than the average price in Gurgaon. "Flat" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of ₹ 1.24 lakhs it is 523 % 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 ₹ 19.25 / sq.foot followed by "House" priced at ₹ 25.2 / sq.foot. "Office" is the most expensive type of property with a ₹ 10,774 / sq.foot value followed by "Commercial" with an average price of ₹ 60.78 / sq.foot.