The prices in real estate in Srikakulam, in the Andhra Pradesh 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 Srikakulam has had a strong decrease during the last 6 months. In October, the average price per sq.foot was ₹ 7,428. In the following month the price per sq.foot decreased considerably to ₹ 5,135. The price for the following two months in (December, January) had a considerable decrease of 43 with regard to the prior two months. The price per sq.foot has had a considerable deflation of 75 % 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 ₹ 4,504.25 to ₹ 3,397 during February, and March.
Based upon to the price in Srikakulam (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is ₹ 21.19 lakhs. During November the price went through a considerable rise reaching ₹ 58.28 lakhs. During the following two months (December, January) the average price had a considerable reduction of 63 % with regard to the previous two months. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of ₹ 32.32 lakhs and ₹ 31.76 lakhs between February and March.