The prices in real estate in Balasore, in the Orissa 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 Balasore has increased strongly during the last 6 months. In October, the average price per sq.foot was . In the following month the price per sq.foot increased considerably to ₹ 3,435. In the following two months the price per sq.foot has barely changed, going from ₹ 1,717.5 to ₹ 1,713 per sq.foot. The price per sq.foot has had a considerable increase of 190 % 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 ₹ 1,715.25 to ₹ 3,256.5 during February, and March.
Based upon to the price in Balasore (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching ₹ 1.34 crores. During the following two months (December, January) the average price fell 88 % 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 risen strongly 202 % during the last two months.