Property prices for rent in Ranchi (Jharkhand)
The rent prices in real estate in Ranchi, in the Jharkhand 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 Ranchi has risen during the last 6 months. In October, the average price per sq.foot was ₹ 10.52. In November this price barely changed remaining at ₹ 10.35 per sq.foot. The price for the following two months in (December, January) had a considerable rise of 117 %. The price per sq.foot has fallen 95 % 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 ₹ 11.31 to ₹ 10.72 during February, and March.
When referring to the price in Ranchi (cities), this has risen in the last 6 months. The average price for October is ₹ 14,781. During November the price had a slight fall till ₹ 13,063. During the following two months (December, January) the average price had a considerable rise of 149 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from ₹ 17,309.75 to ₹ 14,566.5, which means a 84 % fall.
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 ₹ 15,069 they are 60 % more affordable than the average price for Ranchi . The properties with the highest average price have 4 BHK, Their price is 118 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 17,506.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 9.23 / sq.foot, with an average ₹ 10.79 / sq.foot price in Ranchi. The properties with the most expensive average prices have 4 BHK. They are 33 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 11.89 / sq.foot.
The graph displaying the average rent prices displays the property type "House" as the most affordable one. At an cost of ₹ 15,069 it is 44 % more affordable than the average price in Ranchi. "" is seen as the second most affordable property type. The most expensive property type is "Commercial" followed by "Office". At a price of ₹ 62,731 it is 1531 % 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 ₹ 9.12 / sq.foot followed by "Flat" priced at ₹ 10.71 / sq.foot. "Commercial" is the most expensive type of property with a ₹ 42 / sq.foot value followed by "Office" with an average price of ₹ 39 / sq.foot.
