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 September, the average price per sq.foot was ₹ 11.84. In the following month the price per sq.foot rose considerably to ₹ 26.71. The price for the following two months in (November, December) had a considerable rise of 148 %. The price per sq.foot has had a considerable fall of 74 % 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 ₹ 23.9 to ₹ 17.58 during January, and February.
When referring to the price in Lucknow (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is ₹ 16,725. During October the price went through a considerable rise reaching ₹ 37,661. During the following two months (November, December) the average price had a considerable rise of 161 % 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 ₹ 35,436.25 to ₹ 24,750, which means a 70 % 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 ₹ 23,539 they are 66 % more affordable than the average price for Lucknow . The properties with the highest average price have 4 BHK, Their price is 34 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 22,466.
With regard to the average price per sq.foot, those properties with 1 BHK are the most affordable ones at a cost of ₹ 12.72 / sq.foot, with an average ₹ 18.53 / sq.foot price in Lucknow. The properties with the most affordable average prices have 4 BHK. They are 27 % more affordable than the average followed by properties with 3 BHK with a price at ₹ 13.28 / sq.foot.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 23,539 it is 32 % 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 "Commercial". At a price of ₹ 95,469 it is 1876 % 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 ₹ 11.35 / sq.foot followed by "House" priced at ₹ 12.86 / sq.foot. "Office" is the most expensive type of property with a ₹ 536 / sq.foot value followed by "Villa" with an average price of ₹ 53.91 / sq.foot.