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 September, the average price per sq.foot was ₹ 12.5. In the following month the price per sq.foot rose to ₹ 14.24. In the following two months the price per sq.foot has risen 113 %, going from ₹ 13.37 to ₹ 15.06 per sq.foot. The price per sq.foot has had a considerable rise of 115 % 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 ₹ 14.22 to ₹ 16.4 during January, and February.
When referring to the price in Panchkula (cities), this has risen in the last 6 months. The average price during our first sample month during September, is ₹ 22,074. During October the price went through a considerable rise reaching ₹ 27,275. In the following two months the average price has hardly changed with regard to the previous two months from ₹ 24,674.5 to ₹ 24,068. 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 ₹ 24,371.25 and ₹ 24,826.5 between January and February.
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 ₹ 25,302 they are 52 % more affordable than the average price for Panchkula . The properties with the highest average price have 4 BHK, Their price is 49 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 28,307.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 11.97 / sq.foot, with an average ₹ 15.05 / sq.foot price in Panchkula. The properties with the most expensive average prices have 4 BHK. They are 6 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 14.21 / sq.foot.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₹ 25,302 it is 42 % more affordable than the average price in Panchkula. "Flat" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Villa". At a price of ₹ 24,500 it is 144 % 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 ₹ 12.13 / sq.foot followed by "House" priced at ₹ 13.1 / sq.foot. "Office" is the most expensive type of property with a ₹ 33 / sq.foot value followed by "Flat" with an average price of ₹ 13.34 / sq.foot.