The rent prices in real estate in Nagpur, in the Maharashtra 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 Nagpur has fallen during the last 6 months. In March, the average price per sq.foot was ₹ 15.51. In April this price barely changed remaining at ₹ 14.75 per sq.foot. In the following two months the price per sq.foot has practically remained the same, going from ₹ 15.13 to ₹ 14.92 per sq.foot. The price per sq.foot has had a considerable fall of 80 % 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 ₹ 15.02 to ₹ 11.94 during July, and August.
When referring to the price in Nagpur (cities), this has fallen considerably in the last 6 months. The average price for March is ₹ 22,575. During April the price had a considerable fall till ₹ 16,898. During the following two months (May, June) the average price fell 89 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from ₹ 18,635.5 to ₹ 14,022, which means a 75 % fall.
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 ₹ 14,519 they are 45 % more affordable than the average price for Nagpur . The properties with the highest average price have 4 BHK, Their price is 200 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 23,555.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 11.15 / sq.foot, with an average ₹ 12.34 / sq.foot price in Nagpur. The properties with the most expensive average prices have 4 BHK. They are 49 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 15.57 / sq.foot.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of ₹ 14,519 it is 15 % more affordable than the average price in Nagpur. "Flat" is seen as the second most affordable property type. The most expensive property type is "Row House" followed by "Commercial". At a price of ₹ 1.41 lakhs it is 15350 % 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 / sq.foot followed by "Flat" priced at ₹ 12.04 / sq.foot. "Row House" is the most expensive type of property with a ₹ 29,830 / sq.foot value followed by "Commercial" with an average price of ₹ 72 / sq.foot.