Property prices for rent in West Bengal region
The average rent price in the West Bengal region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.foot in West Bengal has risen considerably in the last 6 months. During November, the average price per sq.foot was ₹ 28.25. In December the price barely changed remaining at ₹ 28.42 per sq.foot. In the following two months (January, February) the rent price per sq.foot has increased notably to a 202 %. In the last two months, the price per sq.foot has had a significant fall of 66 %. This has been obtained by comparing the price of ₹ 42.77 for the first four months of the sample with regard to the previous 4 months and the price of ₹ 28.03 per sq.foot for the last two months (March, April).
When referring to the price in West Bengal (region), this has fallen in the last 6 months. November has an average price of ₹ 52,598. During Decemberthe price had a strong fall till ₹ 32,606. The price in the following months (January, February) had a strong rise of 170 % going from ₹ 42,602 to ₹ 72,461. During the last two months the price has had a considerable fall of 55 % with respect to the previous four months going from ₹ 57,531.5 a ₹ 31,655.
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 75 % cheaper than the average price in West Bengal followed by those with 2 with an average price of ₹ 16,456. The most expensive properties have 4 BHK. They are 105 % more expensive than the average followed by those properties with 3 BHK priced at ₹ 30,456.
Based on the average price per sq.foot those properties with 1 BHK are the most affordable ones with a price of ₹ 17.04 / sq.foot being ₹ 28.68 / sq.foot the average for West Bengal. The properties with the lowest average price are those with 4 BHK. These are 13 % more affordable than the average followed by those with 3 BHK with a price of ₹ 20.89 / 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 ₹ 31,056 it is 68 % cheaper than the average in West Bengal. This is followed by "Flat" with a cost of ₹ 21,188. The most expensive property type is "Office" and is 46564 % more costly than the average, followed by "Commercial" with a cost of ₹ 8.27 lakhs.
Based upon the average cost per sq.foot the most affordable property type is "Land with a an average price of ₹ 15.96 / sq.foot, followed by "House" with a price of ₹ 16.23 / sq.foot. "Office" with an average price of ₹ 6,271 / sq.foot is the most expensive type of property followed by "Villa" at a price of ₹ 75.98 / sq.foot.
