The rent prices in real estate in Panchkula, in the Haryana 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 Panchkula has risen strongly during the last 6 months. In December, the average price per sq.foot was ₹ 11.82. In January this price barely changed remaining at ₹ 11.33 per sq.foot. The price for the following two months in (February, March) had a considerable rise of 145 %. The price per sq.foot has fallen 91 % 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 ₹ 14.19 to ₹ 12.88 during April, and May.
When referring to the price in Panchkula (cities), this has fallen in the last 6 months. The average price for December is ₹ 18,094. During January the price had a slight fall till ₹ 16,148. In the following two months the average price has hardly changed with regard to the previous two months from ₹ 17,121 to ₹ 16,414.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₹ 16,767.75 and ₹ 16,744 between April and May.
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 ₹ 16,475 they are 42 % more affordable than the average price for Panchkula . The properties with the highest average price have 4 BHK, Their price is 134 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 20,194.
With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 10.94 / sq.foot, with an average ₹ 12.95 / sq.foot price in Panchkula. The properties with the most expensive average prices have 4 BHK. They are 9 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 12.11 / sq.foot.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of ₹ 16,475 it is 8 % more affordable than the average price in Panchkula. "" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "House". At a price of ₹ 17,900 it is 9 % 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 ₹ 10 / sq.foot followed by "Flat" priced at ₹ 10.96 / sq.foot. "Land" is the most expensive type of property with a ₹ 13.65 / sq.foot value followed by "House" with an average price of ₹ 12.73 / sq.foot.