Summary For Gunjur Village
Introduction:
Gunjur Village is a fast-developing locality in the eastern part of Bangalore. It is situated near Varthur, Sarjapur, and Whitefield, which are already established IT hubs. Gunjur is well-connected to other parts of Bangalore through the Outer Ring Road and the upcoming Namma Metro line. The locality is surrounded by greenery and offers a peaceful environment to its residents.
Rental Rate:
The current rental rate in Gunjur Village is ₹36 per square foot. This rate is quite reasonable compared to other localities in Bangalore. The rental demand is high in this locality due to its proximity to IT hubs and good connectivity.
Sales Transactions:
There have been 429 sales transactions in Gunjur Village in the last few years. This indicates that the real estate market in this locality is active and investors are showing interest in buying properties here. The demand for residential and commercial properties is high in this locality, which is driving the sales.
Gross Sales Value:
The gross sales value of properties sold in Gunjur Village is around ₹177 crores. This figure shows that the real estate market in this locality is growing at a steady pace. The demand for properties is high, which is driving the sales value.
Current Rate/Sq.ft:
The current rate per square foot in Gunjur Village is ₹3,756. This rate is expected to rise in the coming years due to the increasing demand for properties in this locality. The good connectivity, peaceful environment, and proximity to IT hubs are the main factors driving the real estate market in this locality.
Conclusion:
Gunjur Village is a promising locality for real estate investments in Bangalore. The rental rates are reasonable, and the sales transactions and sales value are increasing steadily. The current rate per square foot is also reasonable, and it is expected to rise in the coming years. The good connectivity and peaceful environment make this locality an attractive option for homebuyers and investors.
Price Trend For Gunjur Village
Location Sales Trend: Gunjur Village
Gunjur Village is an emerging real estate market in the Bangalore region. The location is witnessing a significant growth in real estate sales and a gradual increase in property prices. The following is a brief analysis of the location sales trend in Gunjur Village.
Average Rate/Sq.Ft:
The average rate per square foot in Gunjur Village has been steadily increasing over the last few quarters. In Q1'22, the average rate per square foot was 3767 INR, which increased to 3831 INR in Q2'22. However, in Q3'22, the average rate per square foot dropped to 3716 INR, but it again picked up in Q4'22, reaching 3721 INR. In Q1'23, the average rate per square foot is expected to be 3764 INR.
No of Transactions:
The number of transactions in Gunjur Village has been fluctuating over the last few quarters. In Q1'22, the number of transactions was 140, which dropped significantly to 61 in Q2'22. However, in Q3'22, the number of transactions increased to 103, but it again dropped to 73 in Q4'22. In Q1'23, the number of transactions is expected to be 37.
Conclusion:
Despite the fluctuations in the number of transactions, Gunjur Village is witnessing a gradual increase in property prices. The average rate per square foot has been steadily increasing, indicating a positive trend in the real estate market. Investors and homebuyers can consider Gunjur Village as a potential location for real estate investment. However, it is advisable to consult a professional real estate agent or consultant before making any investment decisions.
Top Selling Projects for Gunjur Village
Bangalore is known for its thriving real estate market with numerous projects being developed every year. Amongst all these projects, there are a few that stand out in terms of value and quality. Here are the top selling projects by value in Gunjur Village, Bangalore.
1. New Dimensions Fifth Element: This project has a current rate of ₹ 3,847 and a sale/rent value of ₹ 10 Cr. It has seen a positive change in value of +₹ 204, making it one of the most sought after projects in the area.
2. BM Pristine: With a current rate of ₹ 3,551 and a sale/rent value of ₹ 6 Cr., BM Pristine is another top selling project. It has maintained a steady value and is a favorite among buyers.
3. Keystone DSR Riviera: This project has seen a positive change in value of +₹ 5 and has a current rate of ₹ 3,867. Although it has a sale/rent value of ₹ 3 Cr., it is still a popular choice for buyers due to its prime location and amenities.
4. Incorpor Opulence: With a current rate of ₹ 3,770 and a sale/rent value of ₹ 2 Cr., Incorpor Opulence is a luxurious project that offers premium amenities and facilities to its residents.
5. Adarsh Park Heights: Although it has no change in value and a current rate of null, Adarsh Park Heights is a project that has a sale/rent value of ₹ 1 Cr. It is a popular choice for those looking for affordable yet luxurious living options in Gunjur Village.
These top selling projects by value are testimony to the fact that Gunjur Village is a prime location for real estate investment in Bangalore. These projects offer world-class amenities, state-of-the-art facilities, and luxurious living options to their residents. If you are planning to invest in real estate in Bangalore, these projects are definitely worth considering.
