Summary For Andheri East
Introduction:
This real estate research report provides a location summary of Andheri East, a popular commercial and residential area in Mumbai, India.
Location Overview:
Andheri East is a well-connected locality in Mumbai, located in the western suburbs. It is surrounded by areas like Powai, Goregaon, Jogeshwari, and Vile Parle. The locality is known for its commercial spaces, residential complexes, educational institutes, and hospitals.
Rental Rate:
The rental rate for Andheri East is ₹ 68 per square foot, indicating a high demand for commercial and residential properties in the area. This rate is on par with other popular locations in Mumbai.
Sales Transactions:
Andheri East has witnessed a significant number of sales transactions, with 2,452 deals completed in recent years. This indicates a robust real estate market in the locality.
Gross Sales Value:
The gross sales value of properties in Andheri East is ₹ 2,664 crores, which is a considerable amount. This indicates a high-value real estate market in the locality.
Current Rate/Sq.ft:
The current rate per square foot for Andheri East is ₹ 21,343. This is a high rate compared to other locations in Mumbai. It is an indication of the high demand for properties in the locality.
Conclusion:
In conclusion, Andheri East is a popular location in Mumbai with a robust real estate market. The locality has a high rental rate and a high value of sales transactions, indicating strong demand for commercial and residential properties. The current rate per square foot is also high, indicating a competitive real estate market.
Price Trend For Andheri East
Andheri East- A Steady Rise in Property Prices and Number of Transactions
If you are looking to invest in real estate in Andheri East, Mumbai, then you need to keep an eye on the location sales trend. The data shows that the location is experiencing a steady rise in property prices and the number of transactions.
According to the data, the average rate per square foot in Andheri East was 22348 in Q1'22, and it has consistently increased over the next quarters, reaching 23172 in Q1'23. This means that the property prices in Andheri East have increased by almost 4% in just one year, making it a favorable place for real estate investments.
Moreover, the number of transactions in Andheri East has also been on the rise. In Q1'22, the number of transactions was 324, which increased to 363 in Q2'22. However, it saw a dip in Q3'22 to 264, but again picked up in Q4'22 with 241 transactions. The latest data shows that the number of transactions in Q1'23 has increased to 320.
In conclusion, the data indicates that Andheri East is experiencing a steady rise in property prices and the number of transactions. Therefore, it is a good location for real estate investments. You can take advantage of the growing trend and invest in property in Andheri East. However, it is always advisable to do thorough research and consult with real estate experts before making any investment decisions.
Top Selling Projects for Andheri East
Mumbai's real estate market is one of the most thriving markets in India, and Andheri East is a prime location for investment. The Top Selling Projects by Value in Andheri East are a testament to the growing demand for luxury housing in the area.
At the top of the list is Sheth Vasant Oasis, with a sale value of ₹298 Cr. The project offers luxurious 2, 3, and 4 BHK apartments with state-of-the-art amenities. Mahindra Vicino follows closely with a sale value of ₹146 Cr. The project promises a luxurious lifestyle with its spacious apartments and modern amenities.
Naman Premier, with a sale value of ₹80 Cr, is another project that has caught the attention of investors. It offers 2 and 3 BHK apartments with high-end amenities and a stunning view of the city. Satre SIPL Sarit, with a sale value of ₹77 Cr, is also a popular choice among buyers. The project offers spacious 2 and 3 BHK apartments with modern amenities.
Arkade Prime, with a sale value of ₹69 Cr, is another premium project that promises a luxurious lifestyle. It offers spacious 2 and 3 BHK apartments with state-of-the-art amenities. Mahindra Alcove, with a sale value of ₹60 Cr, is another project that has garnered a lot of attention from buyers. The project offers 1 and 2 BHK apartments with modern amenities.
Hill Crest CHS, with a sale value of ₹42 Cr, is a project that offers affordable housing options without compromising on quality. The project offers 1 and 2 BHK apartments with essential amenities. Srishti Harmony Society, with a sale value of ₹33 Cr, is another affordable housing option in Andheri East.
Siddhi Aura, with a sale value of ₹32 Cr, is a premium project that offers spacious 2, 3, and 4 BHK apartments with modern amenities. Vkg Park Estate, with a sale value of ₹28 Cr, is another affordable housing option in the area.
In conclusion, these top-selling projects in Andheri East offer a wide range of options for both luxury and affordable housing. With modern amenities and spacious apartments, these projects are a great investment opportunity for those looking to buy a home in Mumbai.
