The rent prices in real estate in Lucknow, in the Uttar Pradesh 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 Lucknow has risen strongly during the last 6 months. In October, the average price per sq.foot was ₹ 12.35. In the following month the price per sq.foot rose considerably to ₹ 18.95. The price for the following two months in (December, January) had a considerable fall of 83 with regard to the previous two months. The price per sq.foot has had a considerable rise of 187 % 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 ₹ 14.33 to ₹ 26.8 during February, and March.
When referring to the price in Lucknow (cities), this has risen considerably in the last 6 months. The rent price in October is ₹ 18,250, rising in November till ₹ 19,538. During the following two months (December, January) the average price fell 95 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 172 % during the last two months.
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 ₹ 26,223 they are 65 % more affordable than the average price for Lucknow . The properties with the highest average price have 4 BHK, Their price is 8 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 18,980.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 10.58 / sq.foot, with an average ₹ 23.72 / sq.foot price in Lucknow. The properties with the most affordable average prices have 4 BHK. They are 40 % more affordable than the average followed by properties with 1 BHK with a price at ₹ 11.61 / sq.foot.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 26,223 it is 48 % more affordable than the average price in Lucknow. "House" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Villa". At a price of ₹ 1.42 lakhs it is 4733 % 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 ₹ 10.88 / sq.foot followed by "House" priced at ₹ 10.93 / sq.foot. "Office" is the most expensive type of property with a ₹ 6,133 / sq.foot value followed by "Villa" with an average price of ₹ 255.56 / sq.foot.