The rent prices in real estate in Indore, in the Madhya Pradesh region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.foot in Indore has barely changed in the last 6 months. In March, the average price per sq.foot was ₹ 12.58. In April this price barely changed remaining at ₹ 12.18 per sq.foot. In the following two months the price per sq.foot has risen 107 %, going from ₹ 12.38 to ₹ 13.31 per sq.foot. The price per sq.foot has fallen 88 % 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 ₹ 12.84 to ₹ 11.35 during July, and August.
When referring to the price in Indore (cities), this has fallen considerably in the last 6 months. The average price for March is ₹ 19,328. During April the price had a considerable fall till ₹ 13,793. In the following two months the average price has hardly changed with regard to the previous two months from ₹ 16,560.5 to ₹ 16,742.5. 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 ₹ 16,651.5 and ₹ 16,160 between July and August.
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 ₹ 16,922 they are 46 % more affordable than the average price for Indore . The properties with the highest average price have 4 BHK, Their price is 74 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 17,551.
With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 9.97 / sq.foot, with an average ₹ 11.5 / sq.foot price in Indore. The properties with the most expensive average prices have 1 BHK. They are 46 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 11.74 / sq.foot.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of ₹ 16,922 it is 47 % more affordable than the average price in Indore. "Row House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "House". At a price of ₹ 19,355 it is 140 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Row House" at an average price of ₹ 8 / sq.foot followed by "Land" priced at ₹ 11.21 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 99 / sq.foot value followed by "House" with an average price of ₹ 42 / sq.foot.