The rent prices in real estate in Secunderabad, in the Andhra Pradesh 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 Secunderabad has had a strong fall during the last 6 months. In November, the average price per sq.foot was ₹ 377.74. In the following month the price per sq.foot fell considerably to ₹ 162.95. In the following two months the price per sq.foot has practically remained the same, going from ₹ 270.35 to ₹ 260.57 per sq.foot. The price per sq.foot has had a considerable fall of 10 % 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 ₹ 265.46 to ₹ 27.5 during March, and April.
When referring to the price in Secunderabad (cities), this has fallen considerably in the last 6 months. The average price for November is ₹ 1.09 lakhs. During December the price had a considerable fall till ₹ 30,982. During the following two months (January, February) the price has had an average rise from ₹ 70,074.5 to ₹ 76,749. During the last two months the average price has fallen greatly compared to the previous four going from ₹ 73,411.75 to ₹ 11,399, which means a 16 % 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 ₹ 11,809 they are 17 % more affordable than the average price for Secunderabad . The properties with the highest average price have 3 BHK, Their price is 117 % more expensive than the average. After that we have properties with 2 BHK priced at ₹ 15,671.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 8 / sq.foot, with an average ₹ 28 / sq.foot price in Secunderabad. The properties with the most affordable average prices have 1 BHK. They are 50 % more affordable than the average followed by properties with 3 BHK with a price at ₹ 9 / sq.foot.
The graph displaying the average rent prices displays the property type "" as the most affordable one. At an cost of ₹ 11,809 it is 7 % more affordable than the average price in Secunderabad. "Villa" is seen as the second most affordable property type. The most expensive property type is "Land" followed by "Villa". At a price of ₹ 15,141 it is 94 % more expensive than the average price.
According to the average area price by sq.foot the most affordable property type is "Land with an average cost of ₹ 3 / sq.foot. "Land" with an average price of ₹ 3 / sq.foot has the most affordable price and would be directed at less affluent cities.