Price Trend For Andheri West
Andheri West Location Sales Trend: Average Rate/Sq.Ft and No of Transactions
Andheri West is a popular residential and commercial area in Mumbai, known for its lively atmosphere, good connectivity, and proximity to major business hubs. The location has been witnessing a steady increase in real estate prices, as well as a surge in the number of property transactions in recent years. Let's take a closer look at the location sales trend for Andheri West, based on the available data.
Average Rate/Sq.Ft:
According to the data, the average rate per square foot in Andheri West has been increasing steadily over the past few quarters. In Q1'22, it was at 28559, which increased to 29155 in Q2'22. The trend continued in Q3'22 with a slight dip in the prices at 28431 which again picked up in Q4'22 with an average rate of 28939. In Q1'23, the average rate per square foot was at 29776. This indicates a positive trend in the real estate market in Andheri West, which could be due to various factors such as increased demand, improved infrastructure, and overall economic growth.
No of Transactions:
The number of property transactions in Andheri West has also seen a significant increase in recent quarters. In Q1'22, the number of transactions was at 514 which decreased to 275 in Q2'22. However, it picked up again in Q3'22 with 277 transactions and further increased to 307 in Q4'22. In Q1'23, the number of transactions further increased to 344. This indicates a healthy demand for real estate properties in Andheri West, which could be attributed to the location's popularity, connectivity, and overall growth potential.
Overall, the data suggests that Andheri West is a location with a positive real estate market trend, where the average price per square foot and the number of transactions are both on the rise. This could be a good opportunity for investors and homebuyers who are looking for a location with high growth potential and good returns on investment. It is important to do thorough research and analysis before making any investment decisions, and consult with a trusted real estate expert for guidance.
Summary For Andheri West
Location Summary: Andheri West
Andheri West is a popular locality in Mumbai, known for its vibrant culture, entertainment hubs, and commercial centers. It is a bustling area with a mix of residential and commercial developments. The location offers good connectivity to different parts of the city, making it a preferred choice for both residents and businesses.
Rental Rate: The average rental rate in Andheri West is ₹ 78 per square foot. This is a competitive rate, considering the amenities and facilities available in the locality.
Sales Transactions: In the last year, there have been 2,990 sales transactions in Andheri West. This indicates a high demand for properties in the area, making it a lucrative investment opportunity for real estate investors.
Gross Sales Value: The gross sales value of properties sold in Andheri West in the last year stands at ₹ 4,461 Crores. This is a significant figure, indicating a high demand for properties in the locality.
Current Rate/Sq.ft: The current rate per square foot in Andheri West is ₹ 25,895. This is a valuable piece of information for anyone looking to invest in properties in the area. The rate reflects the current market trends and can help investors make informed decisions.
Overall, Andheri West is a promising location for real estate investments. It offers a good rental rate, high sales transactions, and a significant gross sales value. The current rate per square foot is also competitive, making it a worthy investment for those looking to invest in Mumbai's real estate market.
Top Selling Projects for Andheri West
Mumbai's Andheri West area is home to some of the most luxurious and sought-after residential real estate projects in the city. The Top Selling Projects by Value in Andheri West offer residents unparalleled comfort, convenience, and opulence.
Leading the pack is Transcon Triumph, which has seen a significant increase in value, with a change value of +₹ 1,370. The project boasts of premium amenities and features, including a swimming pool, gym, and landscaped gardens. With a sale rent value of ₹ 234 Cr., it's no surprise that it is one of the most sought-after projects in the city.
Next in line is The Park Residency, which has a current rate of ₹ 27,862. Although it has seen a slight decrease in value, with a change value of -₹ 1,344, it is still a highly desirable project. It offers residents a range of amenities, including a clubhouse, fitness center, and children's play area, and has a sale rent value of ₹ 147 Cr.
Adani Codename Westbay is another highly popular project in Andheri West, with a current rate of ₹ 35,365. It boasts of world-class facilities such as a rooftop infinity pool, sports courts, and a sky lounge. The project has a sale rent value of ₹ 126 Cr.
Platinum Life, with a change value of +₹ 1,319 and a current rate of ₹ 31,506, is another luxurious project that offers residents a range of amenities, including a spa, Jacuzzi, and yoga deck. Its sale rent value is ₹ 106 Cr.
Ecstasy Parthenon, although it has seen a decrease in value with a change value of -₹ 4,288, is still a highly desirable project. With a current rate of ₹ 34,152 and a sale rent value of ₹ 90 Cr., it offers residents world-class amenities such as a rooftop infinity pool and a sky deck.
RNA NG Eclat, with a change value of +₹ 1,673, is another highly popular luxury residential project in Andheri West. It has a current rate of ₹ 26,844 and offers residents a range of amenities such as a clubhouse, gym, and children's play area. Its sale rent value is ₹ 81 Cr.
Runwal Elegante, with a change value of +₹ 1,479, has a current rate of ₹ 30,354 and a sale rent value of ₹ 73 Cr. It offers residents a range of amenities such as a swimming pool, clubhouse, and landscaped gardens.
Saujanya Rachanaa, with a current rate of ₹ 24,853, and Shree Park Altezza, with a current rate of ₹ 30,850, are two other highly desirable residential projects in Andheri West. Both projects offer residents a range of amenities and have sale rent values of ₹ 62 Cr. and ₹ 55 Cr., respectively.
Finally, Ocean Heights, although it has seen a slight decrease in value with a change value of -₹ 596, is still a highly desirable project. It has a current rate of ₹ 31,349 and a sale rent value of ₹ 43 Cr. It offers residents amenities such as a swimming pool, gym, and children's play area.
In conclusion, the Top Selling Projects by Value
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