Summary For Kalyan West
Location Summary: Kalyan West
Kalyan West is a rapidly developing area located in the Thane district of Maharashtra. The area is well-connected to neighboring cities like Mumbai, Navi Mumbai and Thane through various modes of transportation like the local trains, buses and private cabs. It is also easily accessible via the Mumbai-Pune Expressway and the Mumbai-Nashik Highway.
Rental Rate: The Rental Rate in Kalyan West is ₹ 18 per square foot. This is a reasonable rate considering the location's proximity to Mumbai and the area's rapid development.
Sales Transactions: In the past year, Kalyan West has seen a total of 4,314 Sales Transactions. This indicates a healthy real estate market with a high demand for properties in the area.
Gross Sales Value: The Gross Sales Value of Kalyan West is estimated to be ₹ 1,684 Crores. This is a significant amount and indicates a thriving real estate market in the area.
Current Rate/Sq.ft: The Current Rate per square foot in Kalyan West is ₹ 9,021. This rate is expected to rise in the future as the area continues to develop and become more popular among homebuyers and investors.
Overall, Kalyan West is a promising location for real estate investments, with a high demand for properties and a favorable rental rate. Its strategic location and connectivity to major cities make it an attractive investment option for both homebuyers and investors.
Top Selling Projects for Kalyan West
Thane's real estate market is bustling with top selling projects, and Kalyan West is one of its most sought-after localities. Here's a list of the top selling projects in Kalyan West, ranked by value.
1. Raunak City: This project has seen an increase in value by ₹343, with the current rate at ₹8,882. It has a sale/rent value of ₹129 Cr.
2. Tycoons Square: Despite a decrease in value by ₹371, Tycoons Square still remains a highly coveted project with a current rate of ₹10,397. Its sale/rent value stands at ₹63 Cr.
3. Mohan Altezza: With a current rate of ₹11,635, Mohan Altezza has seen a decline in value by ₹1,211. Its sale/rent value is ₹43 Cr.
4. Vikas Ritz: Vikas Ritz has seen an increase in value by ₹1,483, and its current rate stands at ₹12,063. Its sale/rent value is ₹40 Cr.
5. Tharwani Majestic Towers: This project has maintained its current rate at ₹10,563, with a sale/rent value of ₹33 Cr.
6. Corner Stone: Another project with a sale/rent value of ₹33 Cr, Corner Stone has a current rate of ₹9,454.
7. Gurukrupa Guru Atman: Despite a decrease in value by ₹22, Gurukrupa Guru Atman is still a popular project with a sale/rent value of ₹28 Cr. Its current rate stands at ₹11,454.
8. Gurudutt Sarvoday Apex: This project has seen an increase in value by ₹336, and its current rate stands at ₹8,867. Its sale/rent value is ₹24 Cr.
9. Sarvodaya Onyx: With a current rate of ₹11,455, Sarvodaya Onyx has seen a decline in value by ₹180. Its sale/rent value is ₹21 Cr.
10. Mangeshi Sohan: This project has seen a decrease in value by ₹647, and its current rate stands at ₹9,060. Its sale/rent value is ₹20 Cr.
Investing in any of these top selling projects in Kalyan West can be a wise decision for those looking to buy property in Thane.
Price Trend For Kalyan West
Location Sales Trend: Kalyan West
Kalyan West is a popular location for real estate investment in the Mumbai Metropolitan Region. The area has witnessed a steady rise in property prices in recent years, making it an attractive destination for homebuyers and investors.
According to the data provided, the average rate per square foot in Kalyan West has been on an upward trend since Q1'22, reaching a peak of 10,092 in Q1'23. This indicates a strong demand for properties in the area, which has led to an increase in prices.
On the other hand, the number of transactions in Kalyan West has fluctuated over the last few quarters. While Q1'22 saw a high number of transactions at 739, the figure dropped to 534 in Q1'23. However, it is important to note that the number of transactions is still relatively high, indicating a healthy real estate market in the area.
Overall, Kalyan West is a location that is witnessing a steady increase in property prices, making it a lucrative investment opportunity for those looking to buy or invest in real estate.
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