The prices in real estate in Jharsuguda, in the Orissa 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 Jharsuguda has increased strongly during the last 6 months. In November, the average price per sq.foot was ₹ 202. In December this price pretty much remained the same at a value of ₹ 202 per sq.foot. In the following two months the price per sq.foot has barely changed, going from ₹ 202 to ₹ 202 per sq.foot. The price per sq.foot has had a considerable increase of 9684 % 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 ₹ 202 to ₹ 19,561.5 during March, and April.
Based upon to the price in Jharsuguda (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is ₹ 11.92 lakhs. In December This price remains at ₹ 11.92 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 11.92 lakhs to ₹ 11.92 lakhs. Based on an analysis of the first four prices and the last two months the average price has risen strongly 8709 % during the last two months.