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 ₹ 18.37. In the following month the price per sq.foot rose considerably to ₹ 37.36. The price for the following two months in (December, January) fell 90 % with regard to the previous two months. The price per sq.foot has fallen 86 % 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 ₹ 26.53 to ₹ 22.83 during February, and March.
When referring to the price in Mohali (cities), this has risen considerably in the last 6 months. The rent price in October is ₹ 26,543, rising in November till ₹ 29,919. During the following two months (December, January) the average price had a considerable rise of 121 % 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 increased 105 % 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 ₹ 35,956 they are 68 % more affordable than the average price for Mohali . The properties with the highest average price have 4 BHK, Their price is 51 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 33,100.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 15.54 / sq.foot, with an average ₹ 22.06 / sq.foot price in Mohali. The properties with the most affordable average prices have 4 BHK. They are 3 % more affordable than the average followed by properties with 1 BHK with a price at ₹ 20.55 / sq.foot.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₹ 35,956 it is 61 % more affordable than the average price in Mohali. "Land" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Villa". At a price of ₹ 1.24 lakhs it is 670 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Land" at an average price of ₹ 12.36 / sq.foot followed by "Flat" priced at ₹ 17.59 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 147.51 / sq.foot value followed by "Villa" with an average price of ₹ 55.48 / sq.foot.