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 January, the average price per sq.foot was ₹ 12.93. In February this price barely changed remaining at ₹ 12.92 per sq.foot. In the following two months the price per sq.foot has risen 105 %, going from ₹ 12.93 to ₹ 13.6 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 ₹ 13.26 to ₹ 16.66 during May, and June.
When referring to the price in Indore (cities), this has fallen in the last 6 months. The average price for January is ₹ 15,498. During February the price had a considerable fall till ₹ 12,900. In the following two months the average price has hardly changed with regard to the previous two months from ₹ 14,199 to ₹ 14,561. 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 ₹ 14,380 and ₹ 14,863.5 between May and June.
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 ₹ 13,064 they are 30 % more affordable than the average price for Indore . The properties with the highest average price have 4 BHK, Their price is 232 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 22,494.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 11.91 / sq.foot, with an average ₹ 14 / sq.foot price in Indore. The properties with the most expensive average prices have 1 BHK. They are 16 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 14.94 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of ₹ 13,064 it is 5 % more expensive than the average price in Indore. "Flat" is seen as the second most expensive property type. The most expensive property type is "Row House" followed by "Commercial". At a price of ₹ 58,813 it is 4743 % 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 ₹ 11.89 / sq.foot followed by "House" priced at ₹ 12.07 / sq.foot. "Row House" is the most expensive type of property with a ₹ 1,049.01 / sq.foot value followed by "Commercial" with an average price of ₹ 37.54 / sq.foot.