The prices in real estate in Pathankot, in the Punjab 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 Pathankot has increased strongly during the last 6 months. In November, the average price per sq.foot was ₹ 1,296. In the following month the price per sq.foot increased considerably to ₹ 5,131. 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 had a considerable deflation of 76 % 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 ₹ 3,007 to ₹ 2,284 during March, and April.
Based upon to the price in Pathankot (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is ₹ 21.67 lakhs. During December the price went through a considerable rise reaching ₹ 3.34 crores. During the following two months (January, February) the average price had a considerable reduction of 17 % 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 ₹ 1.04 crores to ₹ 33.36 lakhs, which means a 32 % fall.