Summary For Kengeri Satellite Town
Location Summary: Kengeri Satellite Town
Kengeri Satellite Town is a developing locality situated in the southwestern part of Bangalore, Karnataka. It is well-connected to other parts of the city through various modes of transportation including BMTC buses, cabs, and metro rail. The nearest railway station is Kengeri Railway Station which is just 3 km away from the locality. The Kempegowda International Airport is 50 km away from Kengeri Satellite Town.
Sales Transactions:
In the past year, there have been a total of 265 sales transactions in Kengeri Satellite Town. This indicates that the locality is gaining popularity among homebuyers and investors.
Gross Sales Value:
The gross sales value of the properties sold in Kengeri Satellite Town is approximately ₹104 crores. This shows that the real estate market in the locality is growing and the demand for properties is increasing.
Current Rate/Sq.ft:
The current rate per square foot in Kengeri Satellite Town is ₹3,976. This suggests that the locality is still affordable for homebuyers and investors as compared to other localities in Bangalore.
Price Movement:
The price movement in Kengeri Satellite Town has seen a positive trend with an increase of ₹160 per square foot in the past year. This indicates that the locality is a good investment option for those who are looking for long-term gains in the real estate market.
Overall, Kengeri Satellite Town is a developing locality with good connectivity and affordable property prices. With the growing demand for properties in the locality, it has the potential to provide good returns on investment in the long run.
Top Selling Projects for Kengeri Satellite Town
Top Selling Projects by Value in Kengeri Satellite Town, Bangalore
If you are looking to invest in a property in Kengeri Satellite Town, Bangalore, then you should definitely check out the top selling projects by value. These projects not only offer good returns on investment but also promise a comfortable and luxurious living experience.
1. Meda Greens:
This project is currently selling at a rate of ₹ 4,181 per sq.ft. and has a sale value of ₹ 25 Cr. The project offers 4 BHK and 5 BHK villas with luxurious amenities like a swimming pool, gym, and clubhouse.
2. RS Sanchike:
RS Sanchike is selling at a rate of ₹ 4,367 per sq.ft. and has a sale value of ₹ 4 Cr. The project offers 2 BHK and 3 BHK apartments with modern amenities like a landscaped garden, multipurpose hall, and children's play area.
3. Sapthagiri Vasundhara:
This project is selling at a rate of ₹ 6,000 per sq.ft. and has a sale value of ₹ 3 Cr. The project offers 3 BHK apartments with amenities like a swimming pool, gym, and indoor games.
4. Platina Exotica:
Platina Exotica is selling at a rate of ₹ 3,763 per sq.ft. and has a sale value of ₹ 3 Cr. The project offers 3 BHK and 4 BHK apartments with amenities like a swimming pool, gym, and children's play area.
5. Shri Lakshmi Adhira Homes:
This project is selling at a rate of ₹ 4,388 per sq.ft. and has a sale value of ₹ 3 Cr. The project offers 3 BHK and 4 BHK apartments with amenities like a swimming pool, gym, and clubhouse.
6. MBR Shangri La:
MBR Shangri La is selling at a rate of ₹ 3,809 per sq.ft. and has a sale value of ₹ 2 Cr. The project offers 2 BHK and 3 BHK apartments with amenities like a swimming pool, gym, and children's play area.
7. Pristine Temple Tree:
This project is selling at a rate of ₹ 4,354 per sq.ft. and has a sale value of ₹ 2 Cr. The project offers 2 BHK and 3 BHK apartments with amenities like a swimming pool, gym, and clubhouse.
8. Ishanvi Green Leaf:
Ishanvi Green Leaf is selling at a rate of ₹ 4,053 per sq.ft. and has a sale value of ₹ 1 Cr. The project offers 2 BHK and 3 BHK apartments with amenities like a swimming pool, gym, and children's play area.
9. Prems Enclave:
This project is selling at a rate of ₹ 5,714 per sq.ft. and has a sale value of ₹ 1 Cr. The project offers 2 BHK and 3 BHK apartments with amenities like a swimming pool, gym, and clubhouse.
10. SR Bandhan:
SR Bandhan is a new project and the pricing details are yet to be disclosed. However, the project promises to offer modern amenities and a comfortable living experience.
Investing in one of these top selling projects by value in Kengeri Satellite Town, Bangalore
Price Trend For Kengeri Satellite Town
Location Sales Trend: Kengeri Satellite Town
Kengeri Satellite Town is a well-known and rapidly developing area on the outskirts of Bangalore. It is located in the western part of the city and is known for its affordable housing options and proximity to major educational institutions and IT parks.
The location sales trend for Kengeri Satellite Town is showing positive growth in both average rate/sq.ft and the number of transactions. According to the data provided, the average rate/sq.ft for the area has increased steadily from 3619 in Q1'22 to 4362 in Q1'23. This indicates a growth rate of approximately 20% within a year.
Moreover, the number of transactions in the area has also shown a positive trend. In Q1'22, the number of transactions was recorded at 42, which dropped to 15 in Q4'22, but again picked up to 33 in Q1'23. This indicates that the market is stable and the buyers' interest in the area is growing again.
Overall, Kengeri Satellite Town is showing a positive sales trend, which is expected to continue in the coming quarters. The area's affordability, connectivity, and availability of basic amenities make it an attractive location for both end-users and investors. With the ongoing infrastructure development and upcoming metro rail connectivity, the area is expected to grow further, making it a lucrative investment option.
