The rent prices in real estate in Lucknow, in the Uttar Pradesh region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.foot in Lucknow has fallen during the last 6 months. In July, the average price per sq.foot was ₹ 12.84. In the following month the price per sq.foot fell to ₹ 11.93. In the following two months the price per sq.foot has practically remained the same, going from ₹ 12.39 to ₹ 12.52 per sq.foot. The price per sq.foot has fallen 91 % 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 ₹ 12.45 to ₹ 11.29 during November, and December.
When referring to the price in Lucknow (cities), this has fallen considerably in the last 6 months. The average price for July is ₹ 19,107. During August the price had a considerable fall till ₹ 15,408. During the following two months (September, October) the average price fell 87 % 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 88 %, going from ₹ 16,131.25 to ₹ 14,218.5 in November and December.
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 ₹ 14,181 they are 46 % more affordable than the average price for Lucknow . The properties with the highest average price have 4 BHK, Their price is 94 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 21,063.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 10.72 / sq.foot, with an average ₹ 11.29 / sq.foot price in Lucknow. The properties with the most expensive average prices have 4 BHK. They are 14 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 12.48 / sq.foot.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₹ 14,181 it is 15 % more affordable than the average price in Lucknow. "Land" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Villa". At a price of ₹ 59,857 it is 3193 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "House" at an average price of ₹ 9.21 / sq.foot followed by "Flat" priced at ₹ 10.96 / sq.foot. "Office" is the most expensive type of property with a ₹ 540 / sq.foot value followed by "Commercial" with an average price of ₹ 54.61 / sq.foot.