Property prices for rent in Punjab region

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

Rs. 63,970.17
Average price last 6 months
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Punjab has fallen considerably in the last 6 months. During July, the average price per sq.feet was Rs. 59.65. The following month (August) the price had a considerable fall reaching Rs. 29.95 per sq.feet. The following two months (September, October) went through a considerable fall of 53 % in the rent price per sq.feet with regard to the previous two. In the last two months, the price per sq.feet has had a significant fall of 43 %. This has been obtained by comparing the price of Rs. 34.35 for the first four months of the sample with regard to the previous 4 months and the price of Rs. 14.84 per sq.feet for the last two months (November, December).

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 July the average price is Rs. 28,488. During August it went through a strong rise reaching Rs. 95,675 The price in the following months (September, October) had a strong rise of 117 % going from Rs. 62,081.5 to Rs. 72,366. During the last two months the price has gone down 85 % compared to the previous average values going from Rs. 67,223.75 a Rs. 57,463 in November y December.

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 76 % cheaper than the average price in Punjab followed by those with 2 with an average price of Rs. 23,691. The most affordable properties have 4 bedrooms. They are 12 % cheaper than the average followed by those properties with 3 bedrooms priced at Rs. 32,375.

Based on the average price per sq.feet those properties with 2 bedrooms are the most affordable ones with a price of Rs. 6.8 / sq.feet being Rs. 15.46 / sq.feet the average for Punjab. The properties with the lowest average price are those with 1 bedroom. These are 0 % more affordable than the average followed by those with 4 bedrooms with a price of Rs. 14.96 / 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. 57,538 it is 57 % cheaper than the average in Punjab. This is followed by "Commercial" with a cost of Rs. 31,186. The most expensive property type is "Building" and is 160 % more costly than the average, followed by "Residential Plot" with a cost of Rs. 68,000.

Based upon the average cost per sq.feet the most affordable property type is "Land with a an average price of Rs. 5.71 / sq.feet, followed by "Commercial" with a price of Rs. 7.43 / sq.feet. "Building" with an average price of Rs. 943 / sq.feet is the most expensive type of property followed by "Apartment" at a price of Rs. 49.08 / sq.feet.

Charts data
Average price December
Average price per sq.feet December
Number of properties used in region Punjab
Rs. 57,538
Rs. 15.46
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value