Property prices for rent in Punjab region

The average rent price in the Punjab region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.

Rs. 4.23 lakhs
Average price last 6 months
Rs15,119
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Punjab has risen considerably in the last 6 months. During April, the average price per sq.feet was Rs. 1,278.85. The following month (May) the price had a considerable rise reaching Rs. 25,612.77 per sq.feet. In the following two months (June, July) the rent price per sq.feet has increased notably to a 132 %. In the last two months, the price per sq.feet has fallen 90 %. This has been obtained by comparing the price Rs. 15,614.79 for the first four months of the sample with regard to the previous 4 months and the price Rs. 14,127.77 per sq.feet for the last two months (August, September).

Average price

When referring to the price in Punjab(region), this has risen considerably in the last 6 months. April has an average price of Rs. 1.01 lakhs. During Maythe price had a strong fall till Rs. 79,611. The price in the following months (June, July) had a strong rise of 930 % going from Rs. 90,405.5 to Rs. 8.4 lakhs. During the last two months the price has had a considerable fall of 73 % with respect to the previous four months going from Rs. 4.65 lakhs a Rs. 3.4 lakhs.

Average price per bedrooms

The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 42 % cheaper than the average price in Punjab followed by those with 2 with an average price of Rs. 33,693. The most expensive properties have 4 bedrooms. They are 112 % more expensive than the average followed by those properties with 3 bedrooms priced at Rs. 39,866.

Based on the average price per sq.feet those properties with 3 bedrooms are the most affordable ones with a price of Rs. 12 / sq.feet being Rs. 11,471.78 / sq.feet the average for Punjab. The properties with the lowest average price are those with 1 bedroom. These are 100 % more affordable than the average followed by those with 4 bedrooms with a price of Rs. 24 / sq.feet.

Price per property type

The graph displaying the average rent price according to the property type shows "" as the most affordable one. With an average cost of Rs. 51,429 it is 43 % cheaper than the average in Punjab. This is followed by "Commercial" with a cost of Rs. 35,375. The most expensive property type is "Building" and is 185 % more costly than the average, followed by "House" with a cost of Rs. 69,748.

Based upon the average cost per sq.feet the most affordable property type is "Commercial with a an average price of Rs. 2 / sq.feet, followed by "House" with a price of Rs. 11 / sq.feet. "Building" with an average price of Rs. 922 / sq.feet is the most affordable type of property followed by "Apartment" at a price of Rs. 36 / sq.feet.

Charts data
Average price September
Average price per sq.feet September
Number of properties used in region Punjab
Rs. 51,429
Rs. 11,471.78
96
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value