Property prices for rent in Srinagar (Jammu And Kashmir)
The rent prices in real estate in Srinagar, in the Jammu And Kashmir 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 Srinagar has had a strong fall during the last 6 months. In November, the average price per sq.foot was ₹ 54.5. In the following month the price per sq.foot fell considerably to ₹ 24.25. The price for the following two months in (January, February) fell 94 % with regard to the previous two months. The price per sq.foot has risen 114 % 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 ₹ 38.17 to ₹ 43.6 during March, and April.
When referring to the price in Srinagar (cities), this has fallen considerably in the last 6 months. The average price for November is ₹ 66,000. During December the price had a considerable fall till ₹ 35,333. During the following two months (January, February) the average price fell 89 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has increased 107 % during the last two months.
The graph showing the average price for BHK displays the property with the most affordable price has 1 BHK. It is 61 % more affordable than the average price of ₹ 19,000 in Srinagar. Based on the BHK values, properties with the most affordable rent prices are those with 1 BHK. They are 61 % more affordable than the average aforementioned.
With regard to the average prices per sq.foot those properties with 1 BHK are 58 % more affordable than the average price of (₹ 18.59 / sq.foot) in Srinagar. Properties with the most affordable price when referring to the number of BHK / sq.foot are those with 1 BHK. They are 58 % more affordable than the average value aforementioned.
