The prices in real estate in Ooty, in the Tamil Nadu 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 Ooty has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 19,185. In the following month the price per sq.foot decreased considerably to . The price for the following two months in (December, January) had a considerable decrease of 3 with regard to the prior two months. The price per sq.foot has had a considerable increase of 167 % 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 ₹ 4,941.5 to ₹ 8,236 during February, and March.
Based upon to the price in Ooty (cities), this has fallen considerably in the last 6 months. The average price for October is ₹ 12.33 crores. During November the price had a considerable reduction till . During the following two months (December, January) the average price had a considerable reduction of 4 % 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 159 % during the last two months.