The rent prices in real estate in Gurgaon, in the Haryana region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.foot in Gurgaon has had a strong fall during the last 6 months. In December, the average price per sq.foot was ₹ 479.3. In the following month the price per sq.foot fell considerably to ₹ 21.07. The price for the following two months in (February, March) had a considerable fall of 8 with regard to the previous two months. The price per sq.foot has had a considerable fall of 16 % 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 ₹ 135.41 to ₹ 22.19 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 ₹ 4.63 lakhs. During January the price had a considerable fall till ₹ 32,814. During the following two months (February, March) the average price had a considerable fall of 13 % 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 ₹ 1.4 lakhs to ₹ 29,507.5, which means a 21 % 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 ₹ 30,377 they are 52 % more affordable than the average price for Gurgaon . The properties with the highest average price have 4 BHK, Their price is 98 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 34,187.
With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 18.29 / sq.foot, with an average ₹ 25.43 / sq.foot price in Gurgaon. The properties with the most affordable average prices have 1 BHK. They are 3 % more affordable than the average followed by properties with 4 BHK with a price at ₹ 22.49 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 30,377 it is 33 % 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 "Villa". At a price of ₹ 1.37 lakhs it is 3278 % 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 ₹ 19.32 / sq.foot followed by "House" priced at ₹ 20.29 / sq.foot. "Office" is the most expensive type of property with a ₹ 10,785.32 / sq.foot value followed by "Villa" with an average price of ₹ 64.52 / sq.foot.