The prices in real estate in Rourkela, in the Orissa region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.foot in Rourkela has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 1,870. In the following month the price per sq.foot decreased considerably to ₹ 1,277. The price for the following two months in (December, January) had a considerable decrease of 14 with regard to the prior two months. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 893.5 to ₹ 934 during February y March
Based upon to the price in Rourkela (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 45.85 lakhs. During November the price had a considerable reduction till ₹ 26.13 lakhs. During the following two months (December, January) the average price had a considerable reduction of 22 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₹ 21.91 lakhs and ₹ 22.9 lakhs between February and March.