The rent prices in real estate in Pune, in the Maharashtra 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 Pune has had a strong fall during the last 6 months. In January, the average price per sq.foot was ₹ 25.9. In the following month the price per sq.foot fell to ₹ 24.18. The price for the following two months in (March, April) had a considerable fall of 79 with regard to the previous two months. The price per sq.foot has hardly changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 22.42 to ₹ 22.35 during May y June
When referring to the price in Pune (cities), this has fallen considerably in the last 6 months. The rent price in January is ₹ 32,925, rising in February till ₹ 35,960. During the following two months (March, April) the average price had a considerable fall of 58 % with regard to the previous two months. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 85 %, going from ₹ 27,162.75 to ₹ 23,154.5 in May and June.
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 ₹ 20,563 they are 32 % more affordable than the average price for Pune . The properties with the highest average price have 4 BHK, Their price is 206 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 28,744.
With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 18.42 / sq.foot, with an average ₹ 21.69 / sq.foot price in Pune. 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 ₹ 21.52 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 20,563 it is 38 % more affordable than the average price in Pune. "Flat" is seen as the second most affordable property type. The most expensive property type is "Office" followed by "Commercial". At a price of ₹ 2.3 lakhs it is 3445 % 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 ₹ 17.67 / sq.foot followed by "Villa" priced at ₹ 19.11 / sq.foot. "Office" is the most expensive type of property with a ₹ 1,430.06 / sq.foot value followed by "Commercial" with an average price of ₹ 548.34 / sq.foot.