Price Trend For Bowrampet
Location Sales Trend: Bowrampet
Bowrampet is a rapidly developing locality situated in the north-western part of Hyderabad. It is a prime location that offers good connectivity to the major parts of the city, making it an ideal choice for homebuyers and real estate investors. In recent times, Bowrampet has witnessed a significant surge in demand for residential properties, which has impacted the price trends in the area.
As per the data provided, the average rate/sq.ft in Bowrampet for the first quarter of 2022 was 2245, which increased to 2559 in the second quarter of the same year. The trend continued with a further rise to 2756 in the third quarter, followed by a slight dip to 2657 in the fourth quarter. However, the first quarter of 2023 saw an increase in the average rate/sq.ft to 2676. This indicates that the property prices in Bowrampet have been on a steady rise, making it a lucrative investment opportunity.
Additionally, the number of transactions in Bowrampet has also seen a positive trend. In the first quarter of 2022, there were 71 transactions, which increased to 90 in the second quarter of the same year. The third quarter saw a significant jump to 112 transactions, followed by a slight dip to 92 in the fourth quarter. However, the first quarter of 2023 witnessed a considerable increase in the number of transactions to 126, indicating a growing demand for properties in Bowrampet.
Overall, the data suggests that Bowrampet is an emerging real estate market that offers excellent investment opportunities for homebuyers and investors alike. The steady rise in property prices and the increasing number of transactions indicate a positive trend, making it a promising location to invest in.
Top Selling Projects for Bowrampet
Hyderabad's real estate market is booming with some top-selling projects that have garnered a lot of attention from investors and homebuyers alike. One such project is Gothic Pangea, located in the prime location of Bowrampet. With a sale value of ₹13 Cr, the project offers luxurious apartments at a current rate of ₹3,633 per sqft.
Another popular project in the area is Akrurthis Sri Harivasam, with a sale value of ₹6 Cr and a current rate of ₹2,997 per sqft. The project offers spacious and well-designed apartments that cater to the needs of modern-day living.
Sai Raghavendra Brundavanam is another top-selling project that offers luxurious apartments at a current rate of ₹3,896 per sqft. With a sale value of ₹6 Cr, the project is located in a prime location and offers a range of amenities that cater to the needs of families and individuals.
Twin Towers is also a popular project that offers spacious apartments at a current rate of ₹2,817 per sqft and a sale value of ₹6 Cr. The project is located in a strategic location with easy access to schools, hospitals, and other essential amenities.
Ashirwad Duplex Apartment is another project that has gained popularity among homebuyers. With a sale value of ₹4 Cr and a current rate of ₹2,608 per sqft, the project offers well-designed apartments that cater to the needs of families and individuals.
Meghna Heavens, RNG Supra Avenue, KMG House, Pinewood Apartment, and Daras Radha Arcade are other top-selling projects in the area with a range of amenities and facilities that cater to the needs of homebuyers and investors.
Overall, these top-selling projects in Hyderabad offer luxurious and well-designed apartments at competitive rates and provide easy access to essential amenities. They are an excellent investment opportunity for those looking for a home or an investment in the real estate market.
Summary For Bowrampet
Location Summary: Bowrampet
Bowrampet is a locality situated in the north-western part of Hyderabad, Telangana. The area is rapidly developing and has become a popular choice for real estate investment due to its proximity to IT parks, good connectivity, and availability of social infrastructure.
Sales Transactions:
As per the available data, there have been 676 sales transactions in the Bowrampet locality. The number of sales transactions indicates the level of demand for properties in the area.
Gross Sales Value:
The total Gross Sales Value of properties sold in Bowrampet is ₹ 186 Cr. This indicates the value of the real estate market in the area.
Current Rate/Sq.ft:
The current rate per square foot for properties in Bowrampet is ₹ 2,507. This rate indicates the prevailing market price for properties in the area.
Price Movement:
The price movement in Bowrampet has seen an increase of ₹ 319 per square foot. This indicates the appreciation in property prices in the area over a period of time.
Overall, Bowrampet has emerged as a promising location for real estate investment due to its strategic location, availability of good social infrastructure, and growing demand for properties in the area.
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