The prices in real estate in Bhiwani, in the Haryana 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 Bhiwani has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 12,336. In November this price pretty much remained the same at a value of ₹ 12,336 per sq.foot. The price for the following two months in (December, January) had a considerable decrease of 83 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 74 % 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 ₹ 11,288 to ₹ 8,299 during February, and March.
Based upon to the price in Bhiwani (cities), this has gone downing the last 6 months. In our first sample month during October, the average price is ₹ 57.48 lakhs. In November This price remains at ₹ 57.48 lakhs. During the following two months (December, January) the average price fell 95 % 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 92 %, going from ₹ 55.91 lakhs to ₹ 51.48 lakhs in February and March.