The prices in real estate in Alappuzha, in the Kerala 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 Alappuzha has had a strong decrease during the last 6 months. In April, the average price per sq.foot was ₹ 1.01 lakhs. In the following month the price per sq.foot decreased considerably to ₹ 2,953. The price for the following two months in (June, July) had a considerable decrease of 1 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 4 % 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 ₹ 26,270.75 to ₹ 1,112.5 during August, and September.
Based upon to the price in Alappuzha (cities), this has fallen considerably in the last 6 months. The average price for April is ₹ 1.06 crores. During May the price had a considerable reduction till ₹ 47.68 lakhs. During the following two months (June, July) the average price had a considerable reduction of 37 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 52.7 lakhs to ₹ 24.68 lakhs, which means a 47 % fall.