The prices in real estate in Nalgonda, in the Andhra 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 Nalgonda has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 6,439. In the following month the price per sq.foot increased considerably to ₹ 3.39 lakhs. The price for the following two months in (December, January) had a considerable decrease of 6 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 11 % 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 ₹ 91,695.75 to ₹ 10,324 during February, and March.
Based upon to the price in Nalgonda (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 12.7 lakhs. During November the price went through a considerable rise reaching ₹ 25.08 lakhs. During the following two months (December, January) the price has had an average incrementation from ₹ 18.89 lakhs to ₹ 19.88 lakhs. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₹ 19.39 lakhs and ₹ 19.84 lakhs between February and March.