The rent prices in real estate in Mohali, 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 Mohali has risen strongly during the last 6 months. In October, the average price per sq.foot was ₹ 13.09. In the following month the price per sq.foot rose to ₹ 14.22. The price for the following two months in (December, January) had a considerable rise of 1321 %. The price per sq.foot has had a considerable rise of 384 % 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 ₹ 97.01 to ₹ 372.76 during February, and March.
When referring to the price in Mohali (cities), this has risen considerably in the last 6 months. The average price for October is ₹ 19,378. During November the price had a slight fall till ₹ 17,794. During the following two months (December, January) the average price had a considerable rise of 582 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 474 % during the last two months.
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 ₹ 5.71 lakhs they are 98 % more affordable than the average price for Mohali . The properties with the lowest average price have 4 BHK, Their price is 93 % more affordable than the average. After that we have properties with 3 BHK priced at ₹ 24,381.
With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 11 / sq.foot, with an average ₹ 625.62 / sq.foot price in Mohali. The properties with the most affordable average prices have 1 BHK. They are 97 % more affordable than the average followed by properties with 4 BHK with a price at ₹ 14 / sq.foot.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₹ 5.71 lakhs it is 98 % more affordable than the average price in Mohali. "Villa" is seen as the second most affordable property type. The most affordable property is "House" followed by "Land". At a price of ₹ 23,878 it is 77 % more affordable than the average price.
According to the average cost per sq.foot, the most affordable property is "Commercial" at an average price of ₹ 7 / sq.foot followed by "Villa" priced at ₹ 9 / sq.foot. "House" is the most affordable type of property with a ₹ 518 / sq.foot value followed by "Land" with an average price of ₹ 13 / sq.foot.