The rent prices in real estate in Rourkela, in the Orissa 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 Rourkela has had a strong fall during the last 6 months. In November, the average price per sq.foot was ₹ 10. In the following month the price per sq.foot fell to ₹ 8.94. 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 164 % 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 ₹ 4.74 to ₹ 7.78 during March, and April.
When referring to the price in Rourkela (cities), this has fallen considerably in the last 6 months. The average price for November is ₹ 17,250. During December the price had a slight fall till ₹ 14,700. 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 133 % during the last two months.