Top Selling Projects for Borivali East
Mumbai's Borivali East is home to some of the most sought-after real estate projects in the city. These projects offer luxurious living spaces, state-of-the-art amenities, and world-class facilities. In this article, we will take a closer look at the top selling projects in Borivali East, ranked by their sale and rent value.
1. Oberoi Sky City: With a sale and rent value of ₹997 Cr., Oberoi Sky City tops the list. The project offers spacious 3 and 4 BHK apartments with breathtaking views of the city. The current rate stands at ₹29,961 per sq. ft.
2. Chandak Greenairy: Chandak Greenairy comes in at number two with a sale and rent value of ₹384 Cr. The project offers 1, 2, and 3 BHK apartments with modern amenities and facilities. The current rate stands at ₹24,821 per sq. ft.
3. Teenmurty Summit: Teenmurty Summit offers luxurious 3 and 4 BHK apartments with a sale and rent value of ₹69 Cr. The current rate stands at ₹19,907 per sq. ft.
4. Parijat Hill View: Parijat Hill View offers 1 and 2 BHK apartments with stunning views of the hills. The project has a sale and rent value of ₹55 Cr. and the current rate stands at ₹22,634 per sq. ft.
5. B G Shirke Monte Verita North Annexe: B G Shirke Monte Verita North Annexe offers luxurious 2 and 3 BHK apartments with a sale and rent value of ₹46 Cr. The current rate stands at ₹21,655 per sq. ft.
6. Horizon Green: Horizon Green offers spacious 2 and 3 BHK apartments with a sale and rent value of ₹34 Cr. The current rate stands at ₹22,305 per sq. ft.
7. Rustomjee Summit: Rustomjee Summit offers luxurious 2, 3, and 4 BHK apartments with a sale and rent value of ₹32 Cr. The current rate stands at ₹25,568 per sq. ft.
8. Romell Allure: Romell Allure offers spacious 2 and 3 BHK apartments with a sale and rent value of ₹27 Cr. The current rate stands at ₹22,759 per sq. ft.
9. Raghav Paradise: Raghav Paradise offers luxurious 2, 3, and 4 BHK apartments with a sale and rent value of ₹27 Cr. The current rate stands at ₹25,022 per sq. ft.
10. Triumph Omkareshwar CHS: Triumph Omkareshwar CHS offers affordable 1 and 2 BHK apartments with a sale and rent value of ₹20 Cr. The current rate stands at ₹17,910 per sq. ft.
In conclusion, these top selling projects in Borivali East offer world-class living spaces, modern amenities, and stunning views of the city. With their high sale and rent values, these projects are a testament to the growing demand for luxury real estate in Mumbai.
Price Trend For Borivali East
Location Sales Trend: Borivali East
Borivali East has been a preferred location for real estate investment in Mumbai due to its strategic location and excellent connectivity. The location has witnessed a steady growth in real estate prices in the last few years, making it an attractive option for both homebuyers and investors.
As per the data provided, the average rate per square foot in Borivali East has shown a slight fluctuation in the last few quarters. In Q1'22, the average rate per square foot was Rs. 25,146, which decreased to Rs. 24,240 in Q2'22. However, the trend reversed in the subsequent quarters, with the average rate per square foot rising to Rs. 25,178 in Q3'22 and Rs. 24,591 in Q4'22. The trend continued in the first quarter of 2023, with the average rate per square foot touching Rs. 25,302.
The data also reveals that the number of transactions in Borivali East has been steadily increasing. In Q1'22, there were 346 transactions, which decreased to 282 in Q2'22. However, the number of transactions increased in the subsequent quarters, with 362 transactions in Q3'22 and 302 transactions in Q4'22. The number of transactions showed a significant growth in the first quarter of 2023, with 512 transactions.
Overall, the data suggests that Borivali East continues to be a promising location for real estate investment, with a steady growth in both property prices and the number of transactions. Homebuyers and investors can consider Borivali East as a viable option for long-term investment.
Summary For Borivali East
Introduction:
This research report aims to provide a location summary for Borivali East, a suburb located in the northern part of Mumbai, Maharashtra, India. The report focuses on providing insights into the rental rate, sales transactions, gross sales value, and current rate per square foot of the area.
Location Summary:
Rental Rate: The rental rate for Borivali East is ₹ 43 per square foot. The rental rate is the amount of money paid by tenants to landlords for leasing a property. Borivali East's rental rate is relatively affordable compared to other areas in Mumbai.
Sales Transactions: The number of sales transactions in Borivali East is 2,289. Sales transactions refer to the number of properties bought or sold in a particular location. The high number of sales transactions indicates that Borivali East is a popular location for real estate investment.
Gross Sales Value: The gross sales value for Borivali East is ₹ 2,754 crore. The gross sales value is the total value of all properties bought or sold in a particular location. The high gross sales value indicates that Borivali East is a lucrative market for real estate investment.
Current Rate/Sq.ft: The current rate per square foot for Borivali East is ₹ 22,416. The current rate per square foot is the current market price of a property per square foot. The high current rate per square foot indicates that Borivali East is a desirable location for real estate investment.
Conclusion:
Borivali East is a popular location for real estate investment due to its relatively affordable rental rate, high number of sales transactions, high gross sales value, and high current rate per square foot. These factors suggest that Borivali East is a lucrative market for real estate investment. Investors looking to invest in the Mumbai real estate market should consider Borivali East as a potential location for investment.
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