The rent prices in real estate in Noida, in the Uttar Pradesh 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 Noida has had a strong fall during the last 6 months. In April, the average price per sq.foot was ₹ 37.17. In May this price barely changed remaining at ₹ 38.77 per sq.foot. The price for the following two months in (June, July) had a considerable fall of 67 with regard to the previous two months. The price per sq.foot has had a considerable fall of 53 % 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 ₹ 31.73 to ₹ 16.72 during August, and September.
When referring to the price in Noida (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during April, is ₹ 3.77 lakhs. During May the price went through a considerable rise reaching ₹ 4.71 lakhs. During the following two months (June, July) 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 ₹ 3.11 lakhs to ₹ 22,210, which means a 7 % 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 ₹ 24,477 they are 48 % more affordable than the average price for Noida . The properties with the highest average price have 4 BHK, Their price is 117 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 29,503.
With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 16.63 / sq.foot, with an average ₹ 17.33 / sq.foot price in Noida. The properties with the most expensive average prices have 1 BHK. They are 40 % more expensive than the average followed by properties with 4 BHK with a price at ₹ 18.08 / sq.foot.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 24,477 it is 4 % more affordable than the average price in Noida. "Land" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Villa". At a price of ₹ 1.04 lakhs it is 1238 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Land" at an average price of ₹ 16.15 / sq.foot followed by "House" priced at ₹ 16.61 / sq.foot. "Office" is the most expensive type of property with a ₹ 2,031 / sq.foot value followed by "Villa" with an average price of ₹ 37.75 / sq.foot.