Property prices for rent in Meerut (Uttar Pradesh)
The rent prices in real estate in Meerut, 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 Meerut has fallen during the last 6 months. In October, the average price per sq.foot was ₹ 10.73. In November this price barely changed remaining at ₹ 10.21 per sq.foot. In the following two months the price per sq.foot has practically remained the same, going from ₹ 10.47 to ₹ 10.13 per sq.foot. 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 ₹ 10.3 to ₹ 9.81 during February y March
When referring to the price in Meerut (cities), this has fallen in the last 6 months. The average price for October is ₹ 13,019. During November the price had a slight fall till ₹ 12,075. During the following two months (December, January) the average price fell 95 % 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 93 %, going from ₹ 12,228 to ₹ 11,386.5 in February and March.
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 ₹ 12,288 they are 56 % more affordable than the average price for Meerut . The properties with the highest average price have 4 BHK, Their price is 49 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 17,500.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 8.29 / sq.foot, with an average ₹ 10.14 / sq.foot price in Meerut. The properties with the most expensive average prices have 1 BHK. They are 17 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 10.55 / sq.foot.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₹ 12,288 it is 19 % more affordable than the average price in Meerut. "Flat" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Villa". At a price of ₹ 17,250 it is 1427 % 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 ₹ 7.96 / sq.foot followed by "Flat" priced at ₹ 8.63 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 64.67 / sq.foot value followed by "House" with an average price of ₹ 10.14 / sq.foot.
