The rent prices in real estate in Moradabad, in the Uttar Pradesh 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 Moradabad has risen strongly during the last 6 months. In March, the average price per sq.foot was ₹ 25. In the following month the price per sq.foot fell considerably to ₹ 9.66. The price for the following two months in (May, June) had a considerable fall of 41 with regard to the previous two months. The price per sq.foot has had a considerable rise of 2505 % 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 ₹ 12.26 to ₹ 307 during July, and August.
When referring to the price in Moradabad (cities), this has risen considerably in the last 6 months. The average price for March is ₹ 16,404. During April the price had a considerable fall till ₹ 11,184. In the following two months the average price has hardly changed with regard to the previous two months from ₹ 13,794 to ₹ 14,083.5. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 389 % 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 ₹ 48,590 they are 86 % more affordable than the average price for Moradabad . The properties with the lowest average price have 4 BHK, Their price is 56 % more affordable than the average. After that we have properties with 3 BHK priced at ₹ 11,702.
With regard to the average price per sq.foot, those properties with 4 BHK are the most affordable ones at a cost of ₹ 4 / sq.foot, with an average ₹ 329 / sq.foot price in Moradabad. The properties with the most affordable average prices have 1 BHK. They are 96 % more affordable than the average followed by properties with 2 BHK with a price at ₹ 6 / sq.foot.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₹ 48,590 it is 81 % more affordable than the average price in Moradabad. "Flat" is seen as the second most affordable property type. The most affordable property is "House" followed by "Flat". At a price of ₹ 10,123 it is 60 % more affordable than the average price.
According to the average cost per sq.foot, the most affordable property is "House" at an average price of ₹ 5 / sq.foot followed by "Flat" priced at ₹ 6 / sq.foot. "Flat" is the most affordable type of property with a ₹ 6 / sq.foot value followed by "House" with an average price of ₹ 5 / sq.foot.