The prices in real estate in Tirupati, in the Andhra Pradesh region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.foot in Tirupati has fallen in the last 6 months. In October, the average price per sq.foot was ₹ 1,385. In November this price pretty much remained the same at a value of ₹ 1,350 per sq.foot. The price for the following two months in (December, January) had a considerable increment of 122 %. The price per sq.foot has had a considerable deflation of 59 % 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 ₹ 1,519.5 to ₹ 895 during February, and March.
Based upon to the price in Tirupati (cities), these have remained the same in the last 6 months. In our first sample month during October, the average price is ₹ 25.07 lakhs. In November This price remains at ₹ 26.17 lakhs. During the following two months (December, January) the average price had a considerable increase of 131 % 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 ₹ 29.55 lakhs to ₹ 15.23 lakhs, which means a 52 % fall.