The rent prices in real estate in Namakkal, in the Tamil Nadu region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.foot in Namakkal has had a strong fall during the last 6 months. In September, the average price per sq.foot was ₹ 10.57. In the following month the price per sq.foot fell considerably to ₹ 8.19. The price for the following two months in (November, December) had a considerable fall of 81 with regard to the previous two months. The price per sq.foot has had a considerable fall of 75 % 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 ₹ 8.47 to ₹ 6.38 during January, and February.
When referring to the price in Namakkal (cities), this has fallen considerably in the last 6 months. The average price for September is ₹ 18,700. During October the price had a considerable fall till ₹ 8,333. During the following two months (November, December) the average price had a considerable fall of 46 % 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 ₹ 9,854 to ₹ 6,538, which means a 66 % 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 ₹ 7,463 they are 42 % more affordable than the average price for Namakkal . The properties with the highest average price have 3 BHK, Their price is 480 % more expensive than the average. After that we have properties with 2 BHK priced at ₹ 9,667.
With regard to the average price per sq.foot, those properties with 1 BHK are the most affordable ones at a cost of ₹ 5.62 / sq.foot, with an average ₹ 6.63 / sq.foot price in Namakkal. The properties with the most expensive average prices have 2 BHK. They are 14 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 5.62 / sq.foot.
The graph displaying the average rent prices displays the property type "Commercial Property" as the most expensive one. At an cost of ₹ 7,463 it is 5 % more expensive than the average price in Namakkal. "" is seen as the second most expensive property type. The most expensive property type is "" followed by "Commercial Property". At a price of ₹ 7,835 it is 480 % more expensive than the average price.
According to the average area price by sq.foot the most expensive property type is "Commercial Property with an average cost of ₹ 41 / sq.foot. "Commercial Property" at an average price of ₹ 41 / sq.foot has the highest price and would be directed at more affluent cities.