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 January, the average price per sq.foot was ₹ 13.15. In the following month the price per sq.foot rose considerably to ₹ 29.87. The price for the following two months in (March, April) had a considerable fall of 83 with regard to the previous two months. The price per sq.foot has had a considerable fall of 65 % 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 ₹ 19.64 to ₹ 12.72 during May, and June.
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 January, is ₹ 17,836. During February the price went through a considerable rise reaching ₹ 37,085. During the following two months (March, April) the average price had a considerable fall of 80 % 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 ₹ 24,697 to ₹ 18,284.5, which means a 74 % 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 ₹ 17,800 they are 46 % more affordable than the average price for Lucknow . The properties with the highest average price have 4 BHK, Their price is 104 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 22,481.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 10.42 / sq.foot, with an average ₹ 12.65 / sq.foot price in Lucknow. The properties with the most expensive average prices have 4 BHK. They are 12 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 12.83 / sq.foot.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₹ 17,800 it is 24 % more affordable than the average price in Lucknow. "Flat" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of ₹ 1.16 lakhs it is 6998 % 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 ₹ 10.13 / sq.foot followed by "Flat" priced at ₹ 10.72 / sq.foot. "Office" is the most expensive type of property with a ₹ 6,112 / sq.foot value followed by "Villa" with an average price of ₹ 402 / sq.foot.