The prices in real estate in Gujranwala, in the Punjab 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.feet in Gujranwala has increased strongly during the last 6 months. In June, the average price per sq.feet was Rs. 4,690. In the following month the price per sq.feet increased considerably to Rs. 6,948. The price for the following two months in (August, September) had a considerable increment of 317 %. The price per sq.feet has had a considerable increase of 191 % 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.feet of Rs. 12,128.75 to Rs. 23,215 during October, and November.
Based upon to the price in Gujranwala (cities), these have remained the same in the last 6 months. The average price for June is Rs. 37.1 lakhs. During July the price had a slight fall till Rs. 35.17 lakhs. During the following two months (August, September) the average price had a considerable increase of 116 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from Rs. 39.02 lakhs to Rs. 36.36 lakhs in October and November.