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. 1.17 lakhs
Average price last 6 months
Rs228
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 May, the average price per sq.feet was Rs. 29.02. The following month (June) the price had a considerable rise reaching Rs. 226.59 per sq.feet. In the following two months (July, August) the rent price per sq.feet has increased notably to a 199 %. In the last two months, the price per sq.feet has had a significant rise of 157 %. This has been obtained by comparing the price of Rs. 191.24 for the first four months of the sample with regard to the previous 4 months and the price of Rs. 300.04 per sq.feet for the last two months (September, October).

Average price

When referring to the price in Punjab(region), this has risen considerably in the last 6 months. In the first month sample for May the average price is Rs. 87,125. During June it went through a strong rise reaching Rs. 1.17 lakhs The price in the following months (July, August) had a strong rise of 119 % going from Rs. 1.02 lakhs to Rs. 1.22 lakhs. During the last two months the price has gone up 113 % compared to the previous average values going from Rs. 1.12 lakhs a Rs. 1.26 lakhs in September y October.

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 84 % cheaper than the average price in Punjab followed by those with 3 with an average price of Rs. 44,333. The most expensive properties have 2 bedrooms. They are 156 % more expensive than the average followed by those properties with 4 bedrooms priced at Rs. 82,600.

Based on the average price per sq.feet those properties with 1 bedroom are the most affordable ones with a price of Rs. 133.79 / sq.feet being Rs. 329.26 / sq.feet the average for Punjab. The properties with the highest average price are those with 2 bedrooms. These are 2038 % more expensive than the average followed by those with 3 bedrooms with a price of Rs. 2,832.81 / sq.feet.

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 Rs. 1.34 lakhs it is 65 % cheaper than the average in Punjab. This is followed by "House" with a cost of Rs. 59,250. The most expensive property type is "Commercial Plot" and is 44 % more costly than the average, followed by "Residential Plot" with a cost of Rs. 1.64 lakhs.

Based upon the average cost per sq.feet the most affordable property type is "House with a an average price of Rs. 117.47 / sq.feet, followed by "Commercial" with a price of Rs. 155.04 / sq.feet. "Commercial Plot" with an average price of Rs. 12,784.81 / sq.feet is the most expensive type of property followed by "Apartment" at a price of Rs. 1,366.87 / sq.feet.

Charts data
Average price October
Average price per sq.feet October
Number of properties used in region Punjab
Rs. 1.34 lakhs
Rs. 329.26
73,160
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value