The rent prices in real estate in Thane, 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 Thane has had a strong fall during the last 6 months. In December, the average price per sq.foot was ₹ 22.7. In January this price barely changed remaining at ₹ 21.81 per sq.foot. The price for the following two months in (February, March) fell 87 % with regard to the previous two months. The price per sq.foot has had a considerable fall of 71 % 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 ₹ 20.76 to ₹ 14.77 during April, and May.
When referring to the price in Thane (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is ₹ 18,287. In January This price remains at ₹ 18,101. During the following two months (February, March) the average price had a considerable fall of 74 % 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 ₹ 15,821.75 to ₹ 12,750.5, which means a 81 % 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 ₹ 15,447 they are 18 % more affordable than the average price for Thane . The properties with the highest average price have 4 BHK, Their price is 286 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 26,198.
With regard to the average price per sq.foot, those properties with 2 BHK are the most expensive ones at a cost of ₹ 20.18 / sq.foot, with an average ₹ 18.35 / sq.foot price in Thane. The properties with the most expensive average prices have 4 BHK. They are 49 % more expensive than the average followed by properties with 1 BHK with a price at ₹ 22.86 / sq.foot.
The graph displaying the average rent prices displays the property type "Flat" as the most expensive one. At an cost of ₹ 15,447 it is 0 % more expensive than the average price in Thane. "Villa" is seen as the second most expensive property type. The most expensive property type is "Office" followed by "House". At a price of ₹ 61,556 it is 88019 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Villa" at an average price of ₹ 17.2 / sq.foot followed by "Flat" priced at ₹ 18.05 / sq.foot. "Office" is the most expensive type of property with a ₹ 6,515 / sq.foot value followed by "House" with an average price of ₹ 107.06 / sq.foot.