The rent prices in real estate in Thane, in the Maharashtra region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.foot in Thane has fallen during the last 6 months. In April, the average price per sq.foot was ₹ 28.23. In May this price barely changed remaining at ₹ 27.62 per sq.foot. The price for the following two months in (June, July) fell 88 % with regard to the previous two months. The price per sq.foot has had a considerable fall of 83 % 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 ₹ 26.25 to ₹ 21.7 during August, and September.
When referring to the price in Thane (cities), there have hardly been any changes in the last 6 months. In our first sample month during April, the average price is ₹ 18,979. In May This price remains at ₹ 18,818. In the following two months the average price has hardly changed with regard to the previous two months from ₹ 18,898.5 to ₹ 18,098. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 95 %, going from ₹ 18,498.25 to ₹ 17,569 in August and September.
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 ₹ 17,979 they are 35 % more affordable than the average price for Thane . The properties with the highest average price have 4 BHK, Their price is 215 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 34,769.
With regard to the average price per sq.foot, those properties with 1 BHK are the most affordable ones at a cost of ₹ 19.95 / sq.foot, with an average ₹ 21.23 / sq.foot price in Thane. The properties with the most expensive average prices have 4 BHK. They are 46 % more expensive than the average followed by properties with 3 BHK with a price at ₹ 26.4 / sq.foot.
The graph displaying the average rent prices displays the property type "Villa" as the most affordable one. At an cost of ₹ 17,979 it is 29 % more affordable than the average price in Thane. "Office" is seen as the second most affordable property type. The most expensive property type is "House" followed by "Commercial". At a price of ₹ 69,864 it is 406 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Office" at an average price of ₹ 11 / sq.foot followed by "Villa" priced at ₹ 17.74 / sq.foot. "House" is the most expensive type of property with a ₹ 121.6 / sq.foot value followed by "Land" with an average price of ₹ 104.12 / sq.foot.