Summary For Kalbadevi
Introduction:
The following report provides a location summary for Kalbadevi, Mumbai. The report includes details about sales transactions, gross sales value, current rate per square foot, and price movement in the area.
Location Summary:
Kalbadevi is a locality in South Mumbai, known for its vibrant markets and narrow streets. It is a commercial and residential area that attracts many tourists and locals.
Sales Transactions:
In the last quarter, Kalbadevi had 182 sales transactions. This indicates a healthy real estate market with a good demand for properties in the area.
Gross Sales Value:
The gross sales value of properties in Kalbadevi in the last quarter was ₹ 167 crores. This indicates that there are high-value properties in the area, and there is a good demand for them.
Current Rate/Sq.ft:
The current rate per square foot in Kalbadevi is ₹ 22,373. This is a relatively high rate, which indicates that properties in Kalbadevi are in demand, and there is a good potential for appreciation in the future.
Price Movement:
The price movement in Kalbadevi in the last quarter has been positive, with an increase of ₹ 233 per square foot. This indicates that the real estate market in Kalbadevi is growing, and there is a good potential for appreciation in property values in the future.
Conclusion:
Kalbadevi is a vibrant locality in Mumbai, with a healthy real estate market. The high gross sales value and current rate per square foot indicate that properties in Kalbadevi are in high demand, and there is a good potential for appreciation in the future. The positive price movement in the last quarter is a good sign for investors and developers looking to invest in the area.
Price Trend For Kalbadevi
Location Sales Trend: Kalbadevi
Kalbadevi is a prime location in Mumbai, known for its bustling marketplaces and historical landmarks. If you're looking to invest in this area, it's important to keep an eye on the location sales trend to make an informed decision.
The data shows that the average rate per square foot in Kalbadevi is currently on a downward trend. In Q1'22, the average rate per square foot was 26906, which decreased to 24681 in Q2'22 and further to 24040 in Q3'22. While the rate increased slightly to 24763 in Q4'22, it again decreased to 23819 in Q1'23. This indicates that it may be a good time to invest in the area as property prices are currently on a decline.
However, it's important to note that the number of transactions in Kalbadevi has also decreased significantly. In Q1'22, there were 21 transactions, which decreased to 15 in Q2'22 and further to 12 in Q3'22. While the number of transactions increased to 17 in Q4'22, it again decreased to 21 in Q1'23. This may be a sign of a slower real estate market in the area.
Overall, if you're considering investing in Kalbadevi, it's important to keep track of both the average rate per square foot and the number of transactions. While the current trend may indicate a good time to invest, it's important to do your due diligence and research the market thoroughly before making any decisions.
Top Selling Projects for Kalbadevi
Mumbai's real estate market is always bustling with activity, and the Kalbadevi area is no exception. Here are the top selling projects in the area by value.
1. Krishvi Escape - This project has seen a significant increase in value, with a change value of +₹ 1,210. The current rate is ₹ 20,420, and the sale/rent value is a whopping ₹ 44 Cr.
2. Sambav Bay View Apartment - This project has a current rate of ₹ 26,827 and a sale/rent value of ₹ 22 Cr.
3. Ajmera Downtown - With a current rate of ₹ 23,864, this project has a sale/rent value of ₹ 6 Cr.
4. Avighna Heights - The current rate for this project is ₹ 19,448, with a sale/rent value of ₹ 5 Cr.
5. Raj Sea View Apartment - This project has a current rate of ₹ 26,957, with a sale/rent value of ₹ 3 Cr.
6. Ajmera Midtown - Although this project has seen a decrease in value, with a change value of -₹ 2,219, it still has a current rate of ₹ 29,320 and a sale/rent value of ₹ 3 Cr.
7. Bhattad Sankalp - The current rate for this project is ₹ 20,000, with a sale/rent value of ₹ 3 Cr.
8. Shreepati Aradhana - This project has a current rate of ₹ 18,979, with a sale/rent value of ₹ 2 Cr.
9. Vithoba CHS - Although the current rate for this project is not available, it still has a sale/rent value of ₹ 2 Cr.
10. Hira Manek Pragati Enclave - Like Vithoba CHS, the current rate for this project is not available, but it still has a sale/rent value of ₹ 2 Cr.
These top selling projects by value in Kalbadevi offer a range of options for those looking to invest in Mumbai's real estate market. With varying prices and amenities, there is something for everyone in this bustling area.
