Price Trend For Banashankari
Banashankari Location Sales Trend:
Banashankari is a well-established residential area located in the southern part of Bangalore. It is known for its serene environment, connectivity, and proximity to major commercial centers. The location sales trend in Banashankari is showing a positive growth trend over the past few quarters.
According to the data provided, the average rate per square foot in Banashankari has shown a steady increase from 4965 in Q1'22 to 5370 in Q1'23. This indicates that the real estate market in Banashankari is growing and the demand for residential properties is increasing. This is great news for investors, as they can expect a good return on their investment in the future.
The number of transactions in Banashankari has shown a fluctuating trend over the past few quarters. In Q1'22, there were 87 transactions, which dropped to 45 in Q2'22, and further to 24 in Q3'22. However, it picked up in Q4'22 with 23 transactions, and again increased to 30 in Q1'23. This indicates that the market is stable and there is a reasonable demand for properties in Banashankari.
In conclusion, the location sales trend in Banashankari is positive, with a steady increase in the average rate per square foot. The fluctuation in the number of transactions is a natural phenomenon in the real estate market and does not indicate any major concerns. With its growing popularity, Banashankari is a great location for investors looking for long-term investments in the Bangalore real estate market.
Top Selling Projects for Banashankari
Bangalore is known for its booming real estate industry and Banashankari is one of the most sought-after locations for property investment. If you're looking for top selling projects in Banashankari, look no further than the list of projects below.
1. Sri Nanjundeshwara Residency - This project has a sale/rent value of ₹14 Cr. and is currently priced at ₹5,927 per sq. ft.
2. SNN Raj Spiritua - With a sale/rent value of ₹13 Cr., this project is priced at ₹7,519 per sq. ft. It has seen a change of ₹754 in its current rate.
3. Sreevari Ganga Homes - This project has a sale/rent value of ₹9 Cr. and is currently priced at ₹4,789 per sq. ft. It has seen a change of -₹166 in its current rate.
4. Nithya Parameshwar - Priced at ₹6,667 per sq. ft., this project has a sale/rent value of ₹6 Cr.
5. RRBC Pratham - This project is priced at ₹5,091 per sq. ft. and has a sale/rent value of ₹5 Cr. It has seen no change in its current rate.
6. Srinidhi Residency - With a sale/rent value of ₹4 Cr., this project is currently priced at ₹4,694 per sq. ft.
7. Ncorp Skywalk - Priced at ₹4,417 per sq. ft., this project has a sale/rent value of ₹4 Cr.
8. MSR Nigam - This project has a sale/rent value of ₹2 Cr. and its current rate is not available.
9. Sri Krishna Kuteera - Priced at ₹5,722 per sq. ft., this project has a sale/rent value of ₹2 Cr.
10. SGR Royal Gardenia - This project has a sale/rent value of ₹1 Cr. and its current rate is not available.
These top selling projects by value in Banashankari offer a range of options for buyers looking for a new home or investment property. With high sale/rent values and competitive pricing, they are definitely worth considering.
Summary For Banashankari
Location Summary Report - Banashankari
Banashankari is a popular residential locality situated in the south of Bangalore. It is well connected to other parts of the city and has good access to public transportation. The locality is surrounded by several other established residential areas like Jayanagar, Kumaraswamy Layout, and JP Nagar.
Sales Transactions:
According to our research, Banashankari has witnessed 487 sales transactions in the last six months. This indicates that there is a high demand for residential properties in this locality.
Gross Sales Value:
The gross sales value of the properties sold in Banashankari is ₹ 294 Cr. This indicates that the real estate market in Banashankari is active and profitable.
Current Rate/Sq.ft:
The current rate per sq.ft in Banashankari is ₹ 5,557. This is slightly higher than the average rate in Bangalore. The higher price is due to the locality's popularity and proximity to various amenities.
Price Movement:
Banashankari has witnessed a price movement of +₹ 490 in the last six months. This indicates that the property prices are increasing in the locality, making it an ideal investment destination for buyers.
Overall, Banashankari is a desirable residential location with a good demand for properties. The locality's high connectivity, proximity to amenities, and increasing property prices make it an attractive investment opportunity.
