The prices in real estate in Rudrapur, in the West Bengal 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 Rudrapur has increased strongly during the last 6 months. In October, the average price per sq.foot was ₹ 1,716. In November this price pretty much remained the same at a value of ₹ 1,713 per sq.foot. The price for the following two months in (December, January) had a considerable increment of 183 %. The price per sq.foot has had a considerable deflation of 53 % 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 ₹ 2,423.25 to ₹ 1,295 during February, and March.
Based upon to the price in Rudrapur (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 12.89 lakhs. During November the price went through a considerable rise reaching ₹ 17.22 lakhs. During the following two months (December, January) the average price had a considerable increase of 589 % 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 ₹ 51.85 lakhs to ₹ 12.36 lakhs, which means a 24 % fall.