The prices in real estate in Okara, 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 Okara has increased strongly during the last 6 months. In December, the average price per sq.feet was Rs. 9,108. In the following month the price per sq.feet decreased considerably to Rs. 7,208. The price for the following two months in (February, March) had a considerable increment of 232 %. The price per sq.feet has had a considerable increase of 248 % 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. 13,556.25 to Rs. 33,578.5 during April, and May.
Based upon to the price in Okara (cities), this has gone up considerably in the last 6 months. The price in December is Rs. 16.5 lakhs, rising in January till Rs. 18.67 lakhs. During the following two months (February, March) the average price had a considerable increase of 308 % 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 286 % during the last two months.