The prices in real estate in Akola, in the Maharashtra region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.foot in Akola has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 1,594. In the following month the price per sq.foot increased to ₹ 1,761. In the following two months the price per sq.foot has increased 109 %, going from ₹ 1,677.5 to ₹ 1,828 per sq.foot. The price per sq.foot has increased 111 % 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 ₹ 1,752.75 to ₹ 1,946.5 during February, and March.
Based upon to the price in Akola (cities), this has gone up in the last 6 months. In our first sample month during October, the average price is ₹ 22.26 lakhs. In November This price remains at ₹ 23.04 lakhs. During the following two months (December, January) the average price had a considerable increase of 119 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 86 %, going from ₹ 24.84 lakhs to ₹ 21.45 lakhs in February and March.