The prices in real estate in Murbad, in the Maharashtra 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 Murbad has had a strong decrease during the last 6 months. In June, the average price per sq.foot was ₹ 610. In the following month the price per sq.foot increased to ₹ 659. The price for the following two months in (August, September) decreased 87 % with regard to the prior two months. The price per sq.foot has had a considerable deflation of 41 % 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 ₹ 593.25 to ₹ 240.5 during October, and November.
Based upon to the price in Murbad (cities), this has gone downing the last 6 months. The average price during our first sample month during June, is ₹ 15.15 lakhs. During July the price went through a considerable rise reaching ₹ 19.08 lakhs. During the following two months (August, September) the average price fell 91 % 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 ₹ 16.38 lakhs to ₹ 7.23 lakhs, which means a 44 % fall.