Property prices for rent in Navi Mumbai (Maharashtra)
The rent prices in real estate in Navi Mumbai, in the Maharashtra region have barely changed in the last couple of months. There have hardly been any changes in the rent prices in this city.
The price per sq.foot in Navi Mumbai has barely changed in the last 6 months. In October, the average price per sq.foot was ₹ 43.81. In November this price barely changed remaining at ₹ 43.38 per sq.foot. In the following two months the price per sq.foot has risen 106 %, going from ₹ 43.6 to ₹ 46.24 per sq.foot. 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 ₹ 44.92 to ₹ 46.92 during February y March
When referring to the price in Navi Mumbai (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is ₹ 27,987. During November the price went through a considerable rise reaching ₹ 32,331. During the following two months (December, January) the price has had an average rise from ₹ 30,159 to ₹ 34,510. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 120 % 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 ₹ 36,381 they are 48 % more affordable than the average price for Navi Mumbai . The properties with the highest average price have 4 BHK, Their price is 137 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 52,984.
With regard to the average price per sq.foot, those properties with 1 BHK are the most affordable ones at a cost of ₹ 30.01 / sq.foot, with an average ₹ 43.6 / sq.foot price in Navi Mumbai. The properties with the most affordable average prices have 4 BHK. They are 14 % more affordable than the average followed by properties with 3 BHK with a price at ₹ 33.27 / sq.foot.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 36,381 it is 15 % more affordable than the average price in Navi Mumbai. "House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Office". At a price of ₹ 68,131 it is 1498 % 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 ₹ 30.56 / sq.foot followed by "Flat" priced at ₹ 31.14 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 438 / sq.foot value followed by "Office" with an average price of ₹ 93.11 / sq.foot.
