The rent prices in real estate in Murbad, in the Maharashtra 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 Murbad has had a strong fall during the last 6 months. In June, the average price per sq.foot was ₹ 1,830. In July this price barely changed remaining at ₹ 1,830 per sq.foot. In the following two months the price per sq.foot has practically remained the same, going from ₹ 1,830 to ₹ 1,829 per sq.foot. The price per sq.foot has had a considerable fall of 50 % 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 ₹ 1,829.5 to ₹ 914 during October, and November.
When referring to the price in Murbad (cities), this has fallen considerably in the last 6 months. In our first sample month during June, the average price is ₹ 8.97 lakhs. In July This price remains at ₹ 8.97 lakhs. In the following two months the average price has hardly changed with regard to the previous two months from ₹ 8.97 lakhs to ₹ 8.97 lakhs. During the last two months the average price has fallen greatly compared to the previous four going from ₹ 8.97 lakhs to ₹ 4.48 lakhs, which means a 50 % fall.