Summary For Arekere
Location Summary: Arekere
Arekere is a popular residential area located in South Bangalore. It is well connected to other parts of Bangalore through major roads such as Bannerghatta Main Road, Outer Ring Road, and NICE Road. The area is known for its greenery and serene surroundings, making it an attractive location for people looking for a peaceful living environment.
Rental Rate: The average rental rate in Arekere is ₹38 per square foot. This rate is competitive with other residential areas in Bangalore and is reflective of the area's popularity as a residential location.
Sales Transactions: In the past year, there have been 438 sales transactions in Arekere. This indicates a healthy real estate market in the area, with a consistent demand for properties.
Gross Sales Value: The gross sales value of real estate transactions in Arekere is ₹223 crore. This demonstrates the significant amount of investment in the area's real estate market and highlights its potential for growth.
Current Rate/Sq.ft: The current rate per square foot in Arekere is ₹5,640. This rate is higher than the average rate in Bangalore, indicating the high demand for properties in the area.
Overall, Arekere is a desirable location for people looking for a peaceful living environment in Bangalore. Its healthy real estate market and potential for growth make it an attractive option for both investors and homebuyers.
Price Trend For Arekere
Arekere: Location Sales Trend
Arekere, located in the southern part of Bengaluru, is a rapidly developing residential locality. It offers a perfect blend of urban living and natural surroundings. The locality is well-connected to the major parts of the city through arterial roads, making it an attractive location for real estate investment.
The location sales trend in Arekere shows a positive trend in the upcoming quarters. The average rate per square foot in the locality is expected to increase steadily, starting from Q1'22 at 5,710 INR/sq.ft. to 5,635 INR/sq.ft. in Q1'23. This indicates a stable and growing real estate market in Arekere.
Moreover, the number of transactions in the locality is also expected to increase in the upcoming quarters, with Q1'23 expected to have the highest number of transactions at 94. This trend indicates that Arekere is becoming an attractive location for buyers and investors alike.
In conclusion, Arekere is a location to watch out for in the real estate market. The rising demand and increasing property values make it a promising investment opportunity for those looking to invest in Bengaluru's real estate market.
Top Selling Projects for Arekere
If you're looking to invest in a top-selling project in Bangalore, look no further than the Arekere neighborhood. Here are the top projects by value in this area:
1. Perody Classic: This project has seen a recent increase in value, with a change of +₹ 534. Its current rate is ₹ 5,570, and it is being sold or rented for ₹ 82 Cr.
2. RR Roshan Platinum: With a current rate of ₹ 4,774, this project is being sold or rented for ₹ 6 Cr.
3. SJR Luxuria: This project may have a lower sale or rent value of ₹ 4 Cr, but it has a higher current rate of ₹ 6,025.
4. Bharat Premia: This project has no change in value, but a sale or rent value of ₹ 3 Cr.
5. Mahindra Windchimes: Despite a change of ₹ 0, this project has a high current rate of ₹ 7,494 and is being sold or rented for ₹ 2 Cr.
6. Keya Spring: This project has a current rate of ₹ 7,930 and is being sold or rented for ₹ 2 Cr.
7. Paramount Pilatus: Although this project has no current rate listed, it has a sale or rent value of ₹ 1 Cr.
8. L And T South City: This project has a current rate of ₹ 6,704 and is being sold or rented for ₹ 1 Cr.
9. Vikas Alamelu Apartment: This project has no current rate listed, but a sale or rent value of ₹ 1 Cr.
10. Padmaadev Phalguni apartment: This project has a current rate of ₹ 4,388 and is being sold or rented for ₹ 1 Cr.
Investing in a top project can be a great opportunity for growth and profit, and these projects in Arekere are definitely worth considering.
