The prices in real estate in Kalol, in the Gujarat 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 Kalol has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 5,124. In November this price pretty much remained the same at a value of ₹ 5,124 per sq.foot. The price for the following two months in (December, January) had a considerable decrease of 46 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 ₹ 3,730.75 to during February, and March.
Based upon to the price in Kalol (cities), this has fallen considerably in the last 6 months. In our first sample month during October, the average price is ₹ 2.62 crores. In November This price remains at ₹ 2.62 crores. During the following two months (December, January) the average price had a considerable reduction of 70 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 2.23 crores to , which means a 0 % fall.