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 December, the average price per sq.foot was ₹ 24.15. In the following month the price per sq.foot rose to ₹ 25.36. The price for the following two months in (February, March) had a considerable rise of 341 %. The price per sq.foot has had a considerable fall of 47 % 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 ₹ 54.6 to ₹ 25.92 during April, and May.
When referring to the price in Gurgaon (cities), this has fallen considerably in the last 6 months. The average price for December is ₹ 29,227. During January the price had a slight fall till ₹ 25,094. During the following two months (February, March) the price has had an average rise from ₹ 27,160.5 to ₹ 29,182.5. During the last two months the average price has fallen greatly compared to the previous four going from ₹ 28,171.5 to ₹ 14,754, which means a 52 % fall.
The graph displaying the average rent price for BHK illustrates that those properties with 2 BHK are the most affordable ones. At a price of ₹ 15,740 they are 5 % more affordable than the average price for Gurgaon . The properties with the highest average price have 4 BHK, Their price is 252 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 20,650.
With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 13.46 / sq.foot, with an average ₹ 31.44 / sq.foot price in Gurgaon. The properties with the most expensive average prices have 1 BHK. They are 37 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 20.56 / sq.foot.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 15,740 it is 12 % more affordable than the average price in Gurgaon. "Land" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Villa". At a price of ₹ 1.17 lakhs it is 54865 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Flat" at an average price of ₹ 20.5 / sq.foot followed by "Commercial" priced at ₹ 25.01 / sq.foot. "Office" is the most expensive type of property with a ₹ 45,804.52 / sq.foot value followed by "House" with an average price of ₹ 98.92 / sq.foot.