The prices in real estate in Muzaffarnagar, 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 Muzaffarnagar has increased strongly during the last 6 months. In September, the average price per sq.foot was ₹ 7,754. In the following month the price per sq.foot increased considerably to ₹ 10,296. The price for the following two months in (November, December) had a considerable increment of 22333 %. 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 ₹ 10.12 lakhs to ₹ 8,919 during January, and February.
Based upon to the price in Muzaffarnagar (cities), this has gone up considerably in the last 6 months. The price in September is ₹ 35.26 lakhs, rising in October till ₹ 40.52 lakhs. During the following two months (November, December) the average price had a considerable increase of 877 % 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 ₹ 1.85 crores to ₹ 38.25 lakhs, which means a 21 % fall.