Merlin Serenia Phase I, located on BT Road in Kolkata, has experienced a slight depreciation in its average price per square foot over the past year. According to Housing.com, the average price per square foot (Built-up Area) for this project has decreased by approximately 3.53% in the last year. In comparison, the average price per square foot for properties in the BT Road locality has fallen by about 5.13% during the same period.
Over a longer timeframe, property rates in the BT Road area have shown a consistent decline. In the last 3 years, prices have decreased by approximately 33.3%, while in the last 5 years, the decline is about 5.0%. Over the past decade, property prices in the area have fallen by around 10.6%. These trends suggest a sustained downward movement in property values along BT Road.
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