Property prices for rent in Gujarat region
The average rent price in the Gujarat region has had a slight rise in recent months. There has been a rise in the rent prices in this region.
The price per sq.foot in Gujarat has risen in the last 6 months. During October, the average price per sq.foot was ₹ 25.1. In November the price barely changed remaining at ₹ 24.03 per sq.foot. The following two months (December, January) went through a rise of 110 % in the rent price per sq.foot rising from ₹ 24.57 to ₹ 27 per sq.foot. In the last two months, the price per sq.foot has had a significant rise of 119 %. This has been obtained by comparing the price of ₹ 25.78 for the first four months of the sample with regard to the previous 4 months and the price of ₹ 30.6 per sq.foot for the last two months (February, March).
When referring to the price in Gujarat (region), this has fallen in the last 6 months. In the first month sample for October the average price is ₹ 54,871. During November it went through a strong rise reaching ₹ 65,578 In the following two months the average price has fallen 78 % compared to the previous two. During the last two months the price has had a considerable fall of 70 % with respect to the previous four months going from ₹ 53,551.25 a ₹ 37,560.5.
The graph displaying the the average rent price per number of BHK shows that those with 1 BHK are the most affordable ones. They are 70 % cheaper than the average price in Gujarat followed by those with 2 with an average price of ₹ 19,421. The most expensive properties have 4 BHK. They are 66 % more expensive than the average followed by those properties with 3 BHK priced at ₹ 27,694.
Based on the average price per sq.foot those properties with 1 BHK are the most affordable ones with a price of ₹ 14.57 / sq.foot being ₹ 31.79 / sq.foot the average for Gujarat. The properties with the lowest average price are those with 4 BHK. These are 35 % more affordable than the average followed by those with 2 BHK with a price of ₹ 17.46 / sq.foot.
The graph displaying the average rent price according to the property type shows "Villa" as the most affordable one. With an average cost of ₹ 36,648 it is 36 % cheaper than the average in Gujarat. This is followed by "Flat" with a cost of ₹ 26,673. The most expensive property type is "Office" and is 641 % more costly than the average, followed by "Commercial" with a cost of ₹ 86,643.
Based upon the average cost per sq.foot the most affordable property type is "Villa with a an average price of ₹ 15.96 / sq.foot, followed by "House" with a price of ₹ 16.22 / sq.foot. "Office" with an average price of ₹ 17,446.71 / sq.foot is the most expensive type of property followed by "Land" at a price of ₹ 45.74 / sq.foot.
