The prices in real estate in Karimnagar, in the Uttar Pradesh 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 Karimnagar has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 4,574. In the following month the price per sq.foot increased considerably to ₹ 16.75 lakhs. The price for the following two months in (December, January) had a considerable decrease of 1 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 1 % 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 ₹ 4.22 lakhs to ₹ 5,071.5 during February, and March.
Based upon to the price in Karimnagar (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 58 lakhs. During November the price went through a considerable rise reaching ₹ 1.62 crores. During the following two months (December, January) the average price had a considerable reduction of 78 % 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 ₹ 97.62 lakhs to ₹ 60.15 lakhs, which means a 62 % fall.