Property prices for sale in Shillong (Meghalaya)
The prices in real estate in Shillong, in the Meghalaya 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 Shillong has had a strong decrease during the last 6 months. In November, the average price per sq.foot was ₹ 3,526. In the following month the price per sq.foot decreased considerably to ₹ 1,605. The price for the following two months in (January, February) had a considerable decrease of 76 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 43 % 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 ₹ 2,252.25 to ₹ 975 during March, and April.
Based upon to the price in Shillong (cities), this has fallen considerably in the last 6 months. The average price for November is ₹ 1.35 crores. During December the price had a considerable reduction till ₹ 63.58 lakhs. In the following two months the average price has remained the same with regard to the previous two months from ₹ 99.21 lakhs to ₹ 1.01 crores. During the last two months the average price has had a strong fall compared to the previous four going from ₹ 1 crores to ₹ 49.94 lakhs, which means a 50 % fall.
