Property prices for rent in Noida (Uttar Pradesh)
The rent prices in real estate in Noida, in the Uttar Pradesh 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 Noida has risen strongly during the last 6 months. In August, the average price per sq.foot was ₹ 14.85. In the following month the price per sq.foot fell considerably to ₹ 12.52. The price for the following two months in (October, November) had a considerable rise of 141 %. The price per sq.foot has had a considerable rise of 412 % 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 ₹ 16.46 to ₹ 67.79 during December, and January.
When referring to the price in Noida (cities), this has risen considerably in the last 6 months. The average price during our first sample month during August, is ₹ 19,014. During September the price went through a considerable rise reaching ₹ 33,190. During the following two months (October, November) the average price had a considerable rise of 148 % 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 had a strong increase of 355 % 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 ₹ 25,481 they are 63 % more affordable than the average price for Noida . The properties with the highest average price have 2 BHK, Their price is 328 % more expensive than the average. After that we have properties with 4 BHK priced at ₹ 47,503.
With regard to the average price per sq.foot, those properties with 3 BHK are the most expensive ones at a cost of ₹ 15.57 / sq.foot, with an average ₹ 12.85 / sq.foot price in Noida. The properties with the most expensive average prices have 2 BHK. They are 322 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 18.54 / sq.foot.
The graph displaying the average rent prices displays the property type "Flat" as the most affordable one. At an cost of ₹ 25,481 it is 58 % more affordable than the average price in Noida. "Office" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of ₹ 1.06 lakhs it is 1468 % more expensive than the average price.
According to the average cost per sq.foot, the least affordable property would be "Flat" at an average price of ₹ 14.32 / sq.foot followed by "Villa" priced at ₹ 17.66 / sq.foot. "House" is the most expensive type of property with a ₹ 111.05 / sq.foot value followed by "Office" with an average price of ₹ 88 / sq.foot.
