The rent prices in real estate in Chikkamagaluru, in the Karnataka region have fallen considerably in the last couple of months. There has been a strong fall in the rent prices in this city.
The price per sq.foot in Chikkamagaluru has had a strong fall during the last 6 months. In November, the average price per sq.foot was ₹ 9.8. In the following month the price per sq.foot rose to ₹ 11.11. The price for the following two months in (January, February) had a considerable fall of 0 with regard to the previous two months. The price per sq.foot has had a considerable rise of 162 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.foot of ₹ 5.23 to ₹ 8.44 during March, and April.
When referring to the price in Chikkamagaluru (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is ₹ 10,833. In December This price remains at ₹ 10,583. During the following two months (January, February) the average price had a considerable fall of 0 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has had a strong increase of 247 % during the last two months.