The prices in real estate in Taxila, in the Punjab 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.feet in Taxila has had a strong decrease during the last 6 months. In December, the average price per sq.feet was Rs. 2,186. In the following month the price per sq.feet decreased considerably to Rs. 844. The price for the following two months in (February, March) had a considerable decrease of 15 with regard to the prior two months. The price per sq.feet has had a considerable increase of 163 % 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. 874.25 to Rs. 1,423 during April, and May.
Based upon to the price in Taxila (cities), this has fallen considerably in the last 6 months. The average price for December is Rs. 33 lakhs. During January the price had a considerable reduction till Rs. 19 lakhs. During the following two months (February, March) the average price had a considerable reduction of 12 % 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 136 % during the last two months.