Top Selling Projects for Gachibowli
If you're looking to invest in Hyderabad's real estate market, then Gachibowli is a great place to start. This bustling locality is home to some of the city's top-selling projects that offer excellent value for money. Here are some of the best projects that you should consider:
1. Patel Smondo: This is one of the most sought-after projects in Gachibowli, with a sale value of ₹ 134 Cr. The project offers luxurious apartments with world-class amenities and is perfect for those looking for a high-end living experience.
2. Meenakshi Pride Rock: With a current rate of ₹ 6,600, Meenakshi Pride Rock is another top-selling project in Gachibowli. The project offers spacious apartments with modern amenities and is a great option for families.
3. Patel Smondoville: Patel Smondoville is another popular project that offers affordable yet luxurious apartments. With a sale value of ₹ 48 Cr, this project is perfect for those looking for a great investment opportunity.
4. SV Vasavi Sky City: With a sale value of ₹ 37 Cr, SV Vasavi Sky City is a great option for those looking for a value-for-money investment. The project offers modern amenities and is located in a prime location.
5. NCC Urban Gardenia: Despite a change value of -₹ 777, NCC Urban Gardenia is still a top-selling project in Gachibowli. The project offers premium apartments with top-notch amenities and is perfect for those looking for a luxurious living experience.
Apart from these top-selling projects, there are also several other options that you can consider. Projects like Aditya Saptagiri Enclave, Millennium Square, Flora Orchids, and Alekhya Pine Woods offer great value for money and are perfect for those looking for affordable yet luxurious apartments. So, if you're looking to invest in Hyderabad's real estate market, Gachibowli is definitely a locality that you should consider.
Summary For Gachibowli
Introduction:
This report provides a location summary of Gachibowli, a suburb located in the west of Hyderabad, Telangana. The report covers crucial details such as rental rates, sales transactions, gross sales value, and current rate per square foot.
Location Summary:
Gachibowli is a growing suburb in Hyderabad and has emerged as a significant commercial hub. The suburb is home to many IT companies, educational institutions, hospitals, and malls. The area has witnessed a significant increase in real estate development over the past few years, making it a sought-after location for both commercial and residential properties.
Rental Rate:
The rental rate in Gachibowli is around ₹ 24 per square foot. The rental rates in the area have remained stable over the past few years, making it an attractive location for real estate investment.
Sales Transactions:
Gachibowli has witnessed a high number of sales transactions in recent years. In 2020, the area recorded 910 sales transactions, indicating a growing demand for real estate in the area.
Gross Sales Value:
The gross sales value of real estate transactions in Gachibowli is around ₹ 728 crore. The high gross sales value is a testament to the growing demand for properties in the area.
Current Rate/Sq.ft:
The current rate per square foot in Gachibowli is around ₹ 5,735. The rate per square foot is relatively high compared to other suburbs in Hyderabad, indicating the growing demand for properties in the area.
Conclusion:
Gachibowli is a growing suburb in Hyderabad and has emerged as a significant commercial hub. The area has witnessed a significant increase in real estate development over the past few years, making it a sought-after location for both commercial and residential properties. The stable rental rates, high sales transactions, high gross sales value, and the current rate per square foot indicate the growing demand for properties in the area. Overall, Gachibowli is a promising location for real estate investment.
Price Trend For Gachibowli
Gachibowli is witnessing a stable trend in its real estate market, with the average rate per square feet for the properties standing at Rs 6684 in Q1'22 and gradually decreasing to Rs 5881 in Q1'23. However, there is a fluctuating trend in the number of transactions taking place in the area. In Q1'22, the number of transactions was 125, which increased to 155 in Q2'22, then decreased to 131 in Q3'22, and further to 120 in Q4'22. In Q1'23, the number of transactions dramatically decreased to 76.
Overall, the real estate market in Gachibowli seems to be stable with a slight decrease in the average rate per square feet, and the number of transactions being on the fluctuating side. This trend indicates that the market may be in a state of equilibrium, where both buyers and sellers are cautious. However, the decline in the number of transactions in Q1'23 could be a sign of a market correction, which indicates that the prices may decrease further. Therefore, it is advisable to conduct thorough research and analysis before investing in the real estate market in Gachibowli.
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