Property prices for rent in Indore (Madhya Pradesh)
The rent prices in real estate in Indore, in the Madhya Pradesh region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.foot in Indore has risen during the last 6 months. In October, the average price per sq.foot was ₹ 17.96. In the following month the price per sq.foot rose to ₹ 19.42. In the following two months the price per sq.foot has practically remained the same, going from ₹ 18.69 to ₹ 18.82 per sq.foot. 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 ₹ 18.75 to ₹ 19.28 during February y March
When referring to the price in Indore (cities), this has fallen in the last 6 months. The rent price in October is ₹ 20,851, rising in November till ₹ 22,194. During the following two months (December, January) the average price fell 92 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 86 %, going from ₹ 20,706.75 to ₹ 17,847 in February and March.
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 ₹ 16,650 they are 35 % more affordable than the average price for Indore . The properties with the highest average price have 4 BHK, Their price is 229 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 28,081.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 15.01 / sq.foot, with an average ₹ 20.3 / sq.foot price in Indore. The properties with the most expensive average prices have 4 BHK. They are 1 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 20.44 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 16,650 it is 7 % more affordable than the average price in Indore. "Office" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Commercial". At a price of ₹ 23,600 it is 450 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Office" at an average price of ₹ 5 / sq.foot followed by "Flat" priced at ₹ 15.31 / sq.foot. "Villa" is the most expensive type of property with a ₹ 68.09 / sq.foot value followed by "Commercial" with an average price of ₹ 30.79 / sq.foot.
