Property prices for rent in Punjab region

The price per sq.foot in Punjab has fallen in the last 6 months. During November, the average price per sq.foot was ₹ 27.22. The following month (December) the price had a considerable fall reaching ₹ 21.12 per sq.foot. The price per sq.foot for the following two months barely changed going from ₹ 24.17 to ₹ 23.82 per sq.foot. In the last two months, the price per sq.foot has had a significant rise of 121 %. This has been obtained by comparing the price of ₹ 23.99 for the first four months of the sample with regard to the previous 4 months and the price of ₹ 29.05 per sq.foot for the last two months (March, April).

When referring to the price in Punjab(region), this has risen in the last 6 months. November has an average price of ₹ 26,825. During Decemberthe price had a slight fall till ₹ 24,979. The average price for the following two months (January, February) fell 95 % compared to the previous two. During the last two months the price has had a considerable rise of 146 % with respect to the previous four months going from ₹ 25,226.5 a ₹ 36,800.5.

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 68 % cheaper than the average price in Punjab followed by those with 2 with an average price of ₹ 18,675. The most expensive properties have 4 BHK. They are 27 % more expensive than the average followed by those properties with 3 BHK priced at ₹ 28,044.

Based on the average price per sq.foot those properties with 2 BHK are the most affordable ones with a price of ₹ 15.51 / sq.foot being ₹ 28.59 / sq.foot the average for Punjab. The properties with the lowest average price are those with 4 BHK. These are 32 % more affordable than the average followed by those with 1 BHK with a price of ₹ 17.89 / sq.foot.

The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of ₹ 38,320 it is 61 % cheaper than the average in Punjab. This is followed by "House" with a cost of ₹ 27,050. The most expensive property type is "Commercial" and is 272 % more costly than the average, followed by "Villa" with a cost of ₹ 99,796.

Based upon the average cost per sq.foot the most affordable property type is "Land with a an average price of ₹ 15.44 / sq.foot, followed by "Flat" with a price of ₹ 17.72 / sq.foot. "Commercial" with an average price of ₹ 60.83 / sq.foot is the most expensive type of property followed by "Villa" at a price of ₹ 52.58 / sq.foot.