Property Rates in Bhakti Park Mumbai

Bhakti Park, located in Mumbai, is a popular residential area with a steady sales trend. As per the available data, the average rate per square foot in Bhakti Park was 26,484 INR in Q1'22, which increased to 28,624 INR in Q1'23. This indicates a gradual increase in property prices in the area over time.

The number of transactions in Bhakti Park also showed a positive trend, with 42 transactions in Q1'22, which increased to 28 in Q1'23. This could be due to the increasing demand for properties in the area.

The real estate market in Bhakti Park is expected to continue its positive growth trend, making it a good investment option for those looking to buy property in Mumbai. However, it is important to note that property prices in Bhakti Park may vary based on factors such as location, amenities, and the type of property. It is recommended to conduct thorough research and seek professional advice before making any investment decisions.

Mumbai's Bhakti Park area is home to some of the most sought-after real estate projects in the city. Among them, the top selling projects by value are:

1. Ajmera Manhattan: This project has a current rate of ₹30,463 per square foot and has seen an increase of ₹932 per square foot. The total sale and rent value of this project is ₹366 crore.

2. Ajmera Greenfinity: With a current rate of ₹24,992 per square foot, this project has seen an increase of ₹1,245 per square foot. The total sale and rent value of this project is ₹29 crore.

3. Ajmera I Land: This project has a current rate of ₹23,695 per square foot and has seen a decrease of ₹829 per square foot. The total sale and rent value of this project is ₹29 crore.

4. Ajmera Aeon: This project has a sale and rent value of ₹2 crore with no current rate or change value available.

These projects offer luxurious amenities and prime locations in one of Mumbai's most desirable areas. Whether you're looking to invest in a new home or a rental property, these top selling projects are definitely worth considering.

Location Summary Report for Bhakti Park:

Bhakti Park is a residential locality located in the eastern part of Mumbai, Maharashtra. It is a well-planned and well-developed locality with a good mix of residential and commercial properties. The locality is known for its high-end residential apartments and commercial spaces.

Rental Rate:
The current rental rate in Bhakti Park is around ₹ 95 per square foot. This rate is comparatively higher than the average rental rate in Mumbai.

Sales Transactions:
In the past year, there have been 327 sales transactions in Bhakti Park. This indicates a healthy real estate market in the locality.

Gross Sales Value:
The total gross sales value of properties sold in Bhakti Park in the past year is around ₹ 593 crore. This indicates that the real estate market in the locality is performing well.

Current Rate/Sq.ft:
The current rate per square foot for properties in Bhakti Park is around ₹ 25,854. This is a relatively high rate compared to other localities in Mumbai.

Overall, Bhakti Park is a sought-after residential locality in Mumbai with a high demand for properties. The high rental and sales rates indicate that the real estate market in the locality is performing well.