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 September, the average price per sq.feet was Rs. 19,101. In the following month the price per sq.feet decreased considerably to Rs. 13,686. The price for the following two months in (November, December) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 4 % 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. 11,706.25 to Rs. 422 during January, and February.
Based upon to the price in Taxila (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during September, is Rs. 5.65 lakhs. During October the price went through a considerable rise reaching Rs. 17.1 lakhs. During the following two months (November, December) the average price had a considerable increase of 221 % 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. 18.28 lakhs to Rs. 9.5 lakhs, which means a 52 % fall.