The prices in real estate in Katihar, in the Bihar 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 Katihar has had a strong decrease during the last 6 months. In November, the average price per sq.foot was ₹ 682. In the following month the price per sq.foot decreased considerably to ₹ 524. The price for the following two months in (January, February) decreased 87 % with regard to the prior two months. 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 ₹ 564 to ₹ 553 during March y April
Based upon to the price in Katihar (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is ₹ 25.9 lakhs. During December the price went through a considerable rise reaching ₹ 42.5 lakhs. During the following two months (January, February) the average price had a considerable increase of 134 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.