The prices in real estate in Okara, in the Punjab region have had a minor rise in the last couple of months. The real estate prices for second hand homes have risen in this city.
The price per sq.feet in Okara has increased during the last 6 months. In September, the average price per sq.feet was Rs. 5,818. In the following month the price per sq.feet decreased considerably to Rs. 3,528. The price for the following two months in (November, December) had a considerable increment of 135 %. The price per sq.feet has had a considerable increase of 131 % 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. 5,495.5 to Rs. 7,208 during January, and February.
Based upon to the price in Okara (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during September, is Rs. 1.03 crores. During October the price went through a considerable rise reaching Rs. 1.44 crores. During the following two months (November, December) the average price had a considerable reduction of 65 % 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 Rs. 1.02 crores to Rs. 18.67 lakhs, which means a 18 % fall.