Property prices for rent in Karnataka region

The average rent price in the Karnataka region has had a strong fall in recent months. There has been a strong fall in the rent prices in this region.

₹ 1.02 lakhs
Average price last 6 months
₹ 41.86
Price/sq.foot last 6 months
Average price per sq.feet

The price per sq.foot in Karnataka has fallen considerably in the last 6 months. During June, the average price per sq.foot was ₹ 64.12. The following month the price fell to ₹ 58.72 per sq.foot. The following two months (August, September) went through a considerable fall of 43 % in the rent price per sq.foot with regard to the previous two. In the last two months, the price per sq.foot has had a significant fall of 85 %. This has been obtained by comparing the price of ₹ 44.06 for the first four months of the sample with regard to the previous 4 months and the price of ₹ 37.44 per sq.foot for the last two months (October, November).

Average price

When referring to the price in Karnataka(region), this has fallen considerably in the last 6 months. June has an average price of ₹ 2.54 lakhs. During Julythe price had a strong fall till ₹ 2 lakhs. In the following two months the average price has fallen 12 % compared to the previous two. During the last two months the price has had a considerable fall of 41 % with respect to the previous four months going from ₹ 1.27 lakhs a ₹ 52,438.

Average price per BHK

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 28 % cheaper than the average price in Karnataka followed by those with 3 with an average price of ₹ 49,193. The most expensive properties have 2 BHK. They are 53 % more expensive than the average followed by those properties with 4 BHK priced at ₹ 76,231.

Based on the average price per sq.foot those properties with 1 BHK are the most affordable ones with a price of ₹ 28.96 / sq.foot being ₹ 35 / sq.foot the average for Karnataka. The properties with the lowest average price are those with 4 BHK. These are 2 % more affordable than the average followed by those with 2 BHK with a price of ₹ 33.78 / sq.foot.

Price per property type

The graph displaying the average rent price according to the property type shows "Land" as the most affordable one. With an average cost of ₹ 57,360 it is 70 % cheaper than the average in Karnataka. This is followed by "Flat" with a cost of ₹ 39,475. The most expensive property type is "Office" and is 414 % more costly than the average, followed by "Villa" with a cost of ₹ 1.68 lakhs.

Based upon the average cost per sq.foot the most affordable property type is "Land with a an average price of ₹ 16.15 / sq.foot, followed by "Flat" with a price of ₹ 23.75 / sq.foot. "Office" with an average price of ₹ 162 / sq.foot is the most expensive type of property followed by "Villa" at a price of ₹ 49.9 / sq.foot.

Charts data
Average price November
Average price per sq.foot November
Number of properties used in region Karnataka
₹ 57,360
₹ 35
10,10,170
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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