The rent prices in real estate in Vadodara, in the Gujarat 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 Vadodara has had a strong fall during the last 6 months. In March, the average price per sq.foot was ₹ 56.71. In the following month the price per sq.foot rose to ₹ 64.33. The price for the following two months in (May, June) had a considerable fall of 63 with regard to the previous two months. The price per sq.foot has had a considerable fall of 58 % 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 ₹ 49.28 to ₹ 28.69 during July, and August.
When referring to the price in Vadodara (cities), there have hardly been any changes in the last 6 months. In our first sample month during March, the average price is ₹ 15,538. In April This price remains at ₹ 15,994. In the following two months the average price has hardly changed with regard to the previous two months from ₹ 15,766 to ₹ 15,425.5. During the last two months, the average price has fallen with regard to the previous ones. To be precise it has fallen 87 %, going from ₹ 15,595.75 to ₹ 13,523 in July and August.
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 ₹ 13,140 they are 46 % more affordable than the average price for Vadodara . The properties with the highest average price have 4 BHK, Their price is 165 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 18,708.
With regard to the average price per sq.foot, those properties with 2 BHK are the most affordable ones at a cost of ₹ 10.13 / sq.foot, with an average ₹ 23.47 / sq.foot price in Vadodara. The properties with the most affordable average prices have 4 BHK. They are 44 % more affordable than the average followed by properties with 3 BHK with a price at ₹ 11.8 / sq.foot.
The graph displaying the average rent prices displays the property type "Land" as the most affordable one. At an cost of ₹ 13,140 it is 12 % more affordable than the average price in Vadodara. "" is seen as the second most affordable property type. The most expensive property type is "Villa" followed by "Commercial". At a price of ₹ 22,671 it is 272 % more expensive than the average price.
According to the average cost per sq.foot, the most affordable property is "Land" at an average price of ₹ 9.11 / sq.foot followed by "House" priced at ₹ 10 / sq.foot. "Villa" is the most expensive type of property with a ₹ 318.49 / sq.foot value followed by "Commercial" with an average price of ₹ 33 / sq.foot.