The rent prices in real estate in Ludhiana, in the Punjab region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.foot in Ludhiana has had a strong fall during the last 6 months. In May, the average price per sq.foot was ₹ 33.71. In the following month the price per sq.foot fell considerably to ₹ 20.25. The price for the following two months in (July, August) had a considerable fall of 69 with regard to the previous two months. The price per sq.foot has had a considerable fall of 70 % 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 ₹ 22.79 to ₹ 15.97 during September, and October.
When referring to the price in Ludhiana (cities), this has fallen considerably in the last 6 months. The average price for May is ₹ 36,263. During June the price had a considerable fall till ₹ 17,034. During the following two months (July, August) the average price had a considerable fall of 64 % 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 89 %, going from ₹ 21,854.5 to ₹ 19,518 in September and October.
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 ₹ 18,961 they are 49 % more affordable than the average price for Ludhiana . The properties with the highest average price have 4 BHK, Their price is 140 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 29,081.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 12.66 / sq.foot, with an average ₹ 14.48 / sq.foot price in Ludhiana. The properties with the most expensive average prices have 4 BHK. They are 77 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 16.19 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 18,961 it is 18 % more affordable than the average price in Ludhiana. "" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Flat". At a price of ₹ 30,864 it is 677 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Villa" at an average price of ₹ 11.59 / sq.foot followed by "Land" priced at ₹ 13.59 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 178.29 / sq.foot value followed by "Flat" with an average price of ₹ 115.85 / sq.foot.