The rent prices in real estate in Ludhiana, in the Punjab 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 Ludhiana has risen strongly during the last 6 months. In August, the average price per sq.foot was ₹ 8.26. In the following month the price per sq.foot rose considerably to ₹ 10.46. The price for the following two months in (October, November) had a considerable rise of 140 %. The price per sq.foot has hardly changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 11.24 to ₹ 11.23 during December y January
When referring to the price in Ludhiana (cities), this has risen considerably in the last 6 months. In our first sample month during August, the average price is ₹ 12,728. In September This price remains at ₹ 13,319. During the following two months (October, November) the average price had a considerable rise of 136 % 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 ₹ 15,342 to ₹ 13,587.5 in December and January.
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 ₹ 13,494 they are 39 % more affordable than the average price for Ludhiana . The properties with the highest average price have 4 BHK, Their price is 124 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 25,462.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 10.12 / sq.foot, with an average ₹ 11.11 / sq.foot price in Ludhiana. The properties with the most expensive average prices have 1 BHK. They are 26 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 13.51 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most expensive one. At an cost of ₹ 13,494 it is 6 % more expensive than the average price in Ludhiana. "House" is seen as the second most expensive property type. The most expensive property type is "Flat" followed by "". At a price of ₹ 15,927 it is 1313 % 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 ₹ 9.28 / sq.foot followed by "Land" priced at ₹ 11.34 / sq.foot. "Flat" is the most expensive type of property with a ₹ 367.83 / sq.foot value followed by "Villa" with an average price of ₹ 11.51 / sq.foot.