Property prices for rent in New Delhi (National Capital Territory Of Delhi)
The rent prices in real estate in New Delhi, in the National Capital Territory Of Delhi 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 New Delhi has had a strong fall during the last 6 months. In September, the average price per sq.foot was ₹ 38.13. In the following month the price per sq.foot fell considerably to ₹ 26.09. In the following two months the price per sq.foot has risen 106 %, going from ₹ 32.11 to ₹ 33.88 per sq.foot. The price per sq.foot has fallen 88 % 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 ₹ 33 to ₹ 29.08 during January, and February.
When referring to the price in New Delhi (cities), this has risen considerably in the last 6 months. The average price during our first sample month during September, is ₹ 20,167. During October the price went through a considerable rise reaching ₹ 27,505. During the following two months (November, December) the average price had a considerable rise of 228 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 114 % 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 ₹ 31,284 they are 57 % more affordable than the average price for New Delhi . The properties with the highest average price have 4 BHK, Their price is 270 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 46,665.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 23.95 / sq.foot, with an average ₹ 25.99 / sq.foot price in New Delhi. The properties with the most expensive average prices have 4 BHK. They are 48 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 28.13 / sq.foot.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₹ 31,284 it is 79 % more affordable than the average price in New Delhi. "House" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Land". At a price of ₹ 1.83 lakhs it is 1886 % 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 ₹ 24.82 / sq.foot followed by "Flat" priced at ₹ 26.73 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 555 / sq.foot value followed by "Villa" with an average price of ₹ 68 / sq.foot.
