The prices in real estate in Bangalore, in the Karnataka 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 Bangalore has had a strong decrease during the last 6 months. In February, the average price per sq.foot was ₹ 4,439. In the following month the price per sq.foot decreased considerably to . The price for the following two months in (April, May) had a considerable increment of 233 %. The price per sq.foot has had a considerable deflation of 70 % 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 ₹ 3,693.5 to ₹ 2,571 during June, and July.
Based upon to the price in Bangalore (cities), this has fallen considerably in the last 6 months. The average price for February is ₹ 58.53 lakhs. During March the price had a considerable reduction till . During the following two months (April, May) the average price had a considerable increase of 253 % 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 ₹ 51.72 lakhs to ₹ 35.42 lakhs, which means a 68 % fall.