Property prices for rent in Ludhiana (Punjab)
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.
