Property prices for rent in Karnataka region
The average rent price in the Karnataka region has remained at pretty much the same value in recent months. Rent prices in this region have remained pretty much the same.
The price per sq.foot in Karnataka has barely changed in the last 6 months. During October, the average price per sq.foot was ₹ 36.01. In November the price barely changed remaining at ₹ 35.06 per sq.foot. The price per sq.foot for the following two months barely changed going from ₹ 35.53 to ₹ 35.25 per sq.foot. In the last two months, the price per sq.foot has risen 106 %. This has been obtained by comparing the price ₹ 35.39 for the first four months of the sample with regard to the previous 4 months and the price ₹ 37.61 per sq.foot for the last two months (February, March).
When referring to the price in Karnataka (region), this has fallen in the last 6 months. October has an average price of ₹ 53,938. During Novemberthe price had a slight fall till ₹ 50,025. The average price for the following two months (December, January) fell 89 % compared to the previous two. During the last two months the price has gone down 91 % compared to the previous average values going from ₹ 49,051.75 a ₹ 44,550.5 in February y March.
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 44 % cheaper than the average price in Karnataka followed by those with 2 with an average price of ₹ 36,650. The most expensive properties have 4 BHK. They are 101 % more expensive than the average followed by those properties with 3 BHK priced at ₹ 52,413.
Based on the average price per sq.foot those properties with 4 BHK are the most affordable ones with a price of ₹ 34.15 / sq.foot being ₹ 38.69 / sq.foot the average for Karnataka. The properties with the highest average price are those with 1 BHK. These are 10 % more expensive than the average followed by those with 2 BHK with a price of ₹ 39.08 / sq.foot.
The graph displaying the average rent price according to the property type shows "Land" as the most affordable one. With an average cost of ₹ 46,138 it is 67 % cheaper than the average in Karnataka. This is followed by "Flat" with a cost of ₹ 45,550. The most expensive property type is "Office" and is 883 % more costly than the average, followed by "House" with a cost of ₹ 2.79 lakhs.
Based upon the average cost per sq.foot the most affordable property type is "Land with a an average price of ₹ 18.83 / sq.foot, followed by "Office" with a price of ₹ 20.14 / sq.foot. "Villa" with an average price of ₹ 70.08 / sq.foot is the most expensive type of property followed by "House" at a price of ₹ 42.15 / sq.foot.
