The prices in real estate in Chikmagalur, in the Karnataka 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 Chikmagalur 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 ₹ 12.23 lakhs. In the following two months the price per sq.foot has barely changed, going from ₹ 6.12 lakhs to ₹ 5.84 lakhs per sq.foot. The price per sq.foot has barely changed in the last two months compared to the average price of the previous four months going from an average price of ₹ 5.98 lakhs to ₹ 5.84 lakhs during February y March
Based upon to the price in Chikmagalur (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 ₹ 1.13 crores. During the following two months (December, January) the price has had an average incrementation from ₹ 56.5 lakhs to ₹ 61.5 lakhs. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₹ 59 lakhs and ₹ 61.5 lakhs between February and March.