The rent prices in real estate in Varanasi, in the Uttar Pradesh 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 Varanasi has fallen during the last 6 months. In October, the average price per sq.foot was ₹ 14.93. In the following month the price per sq.foot fell to ₹ 13.6. In the following two months the price per sq.foot has practically remained the same, going from ₹ 14.27 to ₹ 13.63 per sq.foot. The price per sq.foot has hardly changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 13.95 to ₹ 14 during February y March
When referring to the price in Varanasi (cities), this has risen considerably in the last 6 months. The average price during our first sample month during October, is ₹ 11,750. During November the price went through a considerable rise reaching ₹ 15,775. During the following two months (December, January) the price has had an average rise from ₹ 13,762.5 to ₹ 15,300. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of ₹ 14,531.25 and ₹ 14,323.5 between February and March.
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 ₹ 13,436 they are 51 % more affordable than the average price for Varanasi . The properties with the highest average price have 4 BHK, Their price is 96 % more expensive than the average. After that we have properties with 3 BHK priced at ₹ 17,938.
With regard to the average price per sq.foot, those properties with 3 BHK are the most affordable ones at a cost of ₹ 12.89 / sq.foot, with an average ₹ 14.24 / sq.foot price in Varanasi. The properties with the most expensive average prices have 1 BHK. They are 51 % more expensive than the average followed by properties with 2 BHK with a price at ₹ 13.37 / sq.foot.
According to average price per property type in Varanasi, "" priced at ₹ 12,874 is 4 % lower than the average price (₹ 13,436) in this city.