Property prices for rent in Madhya Pradesh region
The average rent price in the Madhya Pradesh 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 Madhya Pradesh has risen in the last 6 months. During October, the average price per sq.foot was ₹ 15.5. The following month (November) the price rose to ₹ 16.64 per sq.foot. The following two months (December, January) went through a rise of 114 % in the rent price per sq.foot rising from ₹ 16.07 to ₹ 18.35 per sq.foot. In the last two months, the price has barely changed with regard to the average value for the last 4 months going from an average price per sq.foot of ₹ 17.21 to ₹ 17.28 during February and March.
When referring to the price in Madhya Pradesh(region), there have hardly been any changes in the last 6 months. The average rent price in October is ₹ 19,881. In November the price rose to ₹ 21,331. In the following two months the average price practically remained the same compared to the previous two going from ₹ 20,606 to ₹ 20,747. During the last two months the price has gone down 95 % compared to the previous average values going from ₹ 20,676.5 a ₹ 19,544.5 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 47 % cheaper than the average price in Madhya Pradesh followed by those with 2 with an average price of ₹ 15,531. The most expensive properties have 4 BHK. They are 89 % more expensive than the average followed by those properties with 3 BHK priced at ₹ 21,706.
Based on the average price per sq.foot those properties with 3 BHK are the most affordable ones with a price of ₹ 13.72 / sq.foot being ₹ 17.5 / sq.foot the average for Madhya Pradesh. The properties with the highest average price are those with 1 BHK. These are 8 % more expensive than the average followed by those with 4 BHK with a price of ₹ 15.81 / sq.foot.
The graph displaying the average rent price according to the property type shows "Duplex" as the most affordable one. With an average cost of ₹ 18,950 it is 47 % cheaper than the average in Madhya Pradesh. This is followed by "Flat" with a cost of ₹ 16,300. The most expensive property type is "Villa" and is 189 % more costly than the average, followed by "Commercial" with a cost of ₹ 42,583.
Based upon the average cost per sq.foot the most affordable property type is "Duplex with a an average price of ₹ 2 / sq.foot, followed by "Flat" with a price of ₹ 11.4 / sq.foot. "Villa" with an average price of ₹ 58.36 / sq.foot is the most expensive type of property followed by "Commercial" at a price of ₹ 38.2 / sq.foot.
