The average price in the Punjab region has had an strong increase in recent months. There has been a strong inflation in the prices in this region.
The price per sq.feet in Punjab has increased strongly in the last 6 months. During April, the average price per sq.feet was Rs. 5,079. In May the price pretty much stayed the same at Rs. 5,244 per sq.feet. In the following two months (June, July) the price per sq.feet has risen strongly to a 327 %. In the last two months, the price per sq.feet has had a significant increase of 224 %. This has been obtained by comparing the price of Rs. 11,017.5 for the first four months of the sample with regard to the previous 4 months and the price of Rs. 24,664.5 per sq.feet for the last two months (August, September).
Based upon to the price in Punjab(region), this has decreased considerably in the last 6 months. In the first month sample April the average price is Rs. 1.81 crores. In May the price was the same at Rs. 1.73 crores. In the following two months the average price has decreased 80 % compared to the previous two. During the last two months the price has had a considerable reduction of 23 % with respect to the previous four months going from Rs. 1.59 crores a Rs. 37.21 lakhs.