The rent prices in real estate in Patiala, in the Punjab region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.foot in Patiala has risen during the last 6 months. In September, the average price per sq.foot was ₹ 11.5. In the following month the price per sq.foot fell to ₹ 10.27. In the following two months the price per sq.foot has risen 111 %, going from ₹ 10.89 to ₹ 12.11 per sq.foot. The price per sq.foot has had a considerable rise of 127 % 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 ₹ 11.5 to ₹ 14.64 during January, and February.
When referring to the price in Patiala (cities), there have hardly been any changes in the last 6 months. The average price for September is ₹ 12,038. During October the price had a slight fall till ₹ 10,750. During the following two months (November, December) the price has had an average rise from ₹ 11,394 to ₹ 12,351.5. 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 ₹ 11,872.75 and ₹ 11,526.5 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 ₹ 12,861 they are 32 % more affordable than the average price for Patiala . The properties with the highest average price have 3 BHK, Their price is 35 % more expensive than the average. After that we have properties with 4 BHK priced at ₹ 16,112.
With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 11.94 / sq.foot, with an average ₹ 14.94 / sq.foot price in Patiala. The properties with the most expensive average prices have 1 BHK. They are 47 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 13.86 / sq.foot.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₹ 12,861 it is 22 % more affordable than the average price in Patiala. "" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "". At a price of ₹ 13,282 it is 1008 % 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 ₹ 4 / sq.foot followed by "Commercial" priced at ₹ 188 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 188 / sq.foot value followed by "House" with an average price of ₹ 4 / sq.foot.