The prices in real estate in Chhindwara, in the Madhya Pradesh region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.foot in Chhindwara has fallen in the last 6 months. In November, the average price per sq.foot was ₹ 1,820. In the following month the price per sq.foot decreased considerably to ₹ 1,245. The price for the following two months in (January, February) had a considerable decrease of 75 with regard to the prior two months. The price per sq.foot has had a considerable increase of 184 % 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 ₹ 1,338.25 to ₹ 2,462 during March, and April.
Based upon to the price in Chhindwara (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is ₹ 21.58 lakhs. During December the price went through a considerable rise reaching ₹ 27.42 lakhs. During the following two months (January, February) the average price had a considerable increase of 166 % 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 136 % during the last two months.