Price Trend For Kharghar
The location sales trend for Kharghar shows a positive trend in the average rate per square foot. The data for the first quarter of 2022 shows an average rate of 16136 rupees per square foot, which increases to 16759 rupees per square foot in the second quarter. The average rate further increases to 17105 rupees per square foot in the third quarter and remains stable at 17017 rupees per square foot in the fourth quarter. In the first quarter of 2023, the average rate per square foot is recorded to be 16985 rupees.
The trend for the number of transactions in Kharghar shows a fluctuating pattern. In the first quarter of 2022, a total of 263 transactions were recorded, which decreased to 152 transactions in the second quarter. The number of transactions further decreased to 145 in the third quarter and 131 in the fourth quarter. In the first quarter of 2023, the number of transactions was recorded to be 124.
Overall, the trend in Kharghar shows a positive trend in the average rate per square foot, indicating a growing demand for property in the area. However, the fluctuating trend in the number of transactions suggests that buyers may be hesitant due to various factors such as high prices, lack of amenities, or other market uncertainties.
Summary For Kharghar
Location Summary: Kharghar
Kharghar is a rapidly developing locality in Navi Mumbai, Maharashtra. It is situated on the outskirts of Mumbai and is one of the most sought-after residential areas in the region. The locality is known for its well-planned infrastructure, green surroundings, and excellent connectivity to other parts of Mumbai.
Rental Rate: The rental rate in Kharghar is ₹ 26 per square foot. This is comparatively lower than some of the other residential areas in Mumbai. This makes Kharghar an attractive location for renters looking for affordable accommodation.
Sales Transactions: The number of sales transactions in Kharghar is 2,646. This indicates that there is a high demand for residential properties in the area. The locality offers a mix of apartments, villas, and plots for sale.
Gross Sales Value: The gross sales value of properties in Kharghar is ₹ 1,741 crore. This figure shows that the real estate market in Kharghar is thriving and offers a lucrative investment opportunity for buyers.
Current Rate/Sq.ft: The current rate per square foot in Kharghar is ₹ 14,117. This is a reasonable rate considering the excellent infrastructure and amenities available in the locality.
Overall, Kharghar is a promising location for real estate investment. Its strategic location, well-developed infrastructure, and affordable rental rates make it an attractive destination for both renters and buyers.
Top Selling Projects for Kharghar
Navi Mumbai's Kharghar locality has some of the best real estate projects available in the market. Here are the top selling projects by value that you can consider investing in:
1. Gami Viona: This project has seen an increase in value by ₹100 and is currently priced at ₹17,033. The sale and rent value are listed at ₹20 Cr.
2. Satyam Seven Skies: With an increase in value by ₹2,128, this project is currently priced at ₹18,172. The sale and rent value are listed at ₹20 Cr.
3. Paradise Sai Symphony: This project has seen an increase in value by ₹1,014 and is currently priced at ₹15,533. The sale and rent value are listed at ₹19 Cr.
4. Juhi Niharika Absolute: Although this project has seen a decrease in value by ₹410, it is still a great investment option. It is currently priced at ₹16,070 and the sale and rent value are listed at ₹16 Cr.
5. Paradise Sai Aaradhya: This project has seen an increase in value by ₹1,742 and is currently priced at ₹18,435. The sale and rent value are listed at ₹16 Cr.
6. Vinay Vivanta CHS: This project's value has remained stable and is currently priced at ₹22,297. The sale and rent value are listed at ₹15 Cr.
7. Damodarpriya: This project has seen an increase in value by ₹610 and is currently priced at ₹17,175. The sale and rent value are listed at ₹13 Cr.
8. Kasturi Regius: This project's value has remained stable and is currently priced at ₹21,822. The sale and rent value are listed at ₹13 Cr.
9. Bhagwati Greens: Although this project has seen a decrease in value by ₹1,932, it is still a great investment option. It is currently priced at ₹20,796 and the sale and rent value are listed at ₹12 Cr.
10. Rachna Enclave: This project's value has remained stable and is currently priced at ₹17,304. The sale and rent value are listed at ₹10 Cr.
These projects offer a great opportunity for investment in Kharghar locality of Navi Mumbai. Consider these options to make the most out of your investment.
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