The prices in real estate in Hubli, 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 Hubli has had a strong decrease during the last 6 months. In April, the average price per sq.foot was ₹ 2.53 lakhs. In the following month the price per sq.foot decreased considerably to ₹ 2,699. The price for the following two months in (June, July) decreased 88 % with regard to the prior two months. The price per sq.foot has had a considerable deflation of 0 % 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 ₹ 1.2 lakhs to during August, and September.
Based upon to the price in Hubli (cities), this has fallen considerably in the last 6 months. The average price for April is ₹ 29.55 crores. During May the price had a considerable reduction till ₹ 43.88 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 14.99 crores to ₹ 14.27 crores. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 14.63 crores to , which means a 0 % fall.