The prices in real estate in Silchar, in the Assam 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 Silchar has had a strong decrease during the last 6 months. In November, the average price per sq.foot was ₹ 4,399. In the following month the price per sq.foot decreased considerably to ₹ 2,137. The price for the following two months in (January, February) had a considerable decrease of 65 with regard to the prior two months. The price per sq.foot has had a considerable increase of 187 % 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 ₹ 2,695.25 to ₹ 5,050 during March, and April.
Based upon to the price in Silchar (cities), this has fallen considerably in the last 6 months. The average price for November is ₹ 1.34 crores. During December the price had a considerable reduction till ₹ 74.13 lakhs. During the following two months (January, February) the average price had a considerable reduction of 49 % 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 137 % during the last two months.