The rent prices in real estate in Naini Tal, in the Uttarakhand 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 Naini Tal has risen strongly during the last 6 months. In November, the average price per sq.foot was ₹ 7.16. In the following month the price per sq.foot rose considerably to ₹ 10.06. The price for the following two months in (January, February) had a considerable rise of 140 %. 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 ₹ 10.34 to ₹ 9.85 during March y April
When referring to the price in Naini Tal (cities), this has risen considerably in the last 6 months. The average price during our first sample month during November, is ₹ 12,140. During December the price went through a considerable rise reaching ₹ 26,313. During the following two months (January, February) the average price had a considerable rise of 143 % 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 ₹ 23,336.75 to ₹ 13,544.5, which means a 58 % fall.
The graph displaying the average rent price for BHK illustrates that those properties with 2 BHK are the most affordable ones. At a price of ₹ 14,779 they are 19 % more affordable than the average price for Naini Tal . The properties with the highest average price have 4 BHK, Their price is 189 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 16,438.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 8.5 / sq.foot, with an average ₹ 10.47 / sq.foot price in Naini Tal. The properties with the most expensive average prices have 4 BHK. They are 76 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 16.59 / sq.foot.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₹ 14,779 it is 11 % more affordable than the average price in Naini Tal. "Flat" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Flat". At a price of ₹ 14,000 it is 890 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "House" at an average price of ₹ 9.01 / sq.foot followed by "Flat" priced at ₹ 11.31 / sq.foot. "Villa" is the most expensive type of property with a ₹ 40 / sq.foot value followed by "Flat" with an average price of ₹ 11.31 / sq.foot.