Price Trend For Marathahalli
Location Sales Trend: Marathahalli
Marathahalli, a bustling suburb in Bangalore, has been witnessing a steady growth in the real estate sector. The location sales trend for this area shows positive signs for the coming quarters. Let's take a closer look at the data provided.
Average Rate/Sq.Ft:
The data shows that the average rate per square foot for the first quarter of 2022 is 8308. This rate is expected to increase by 91 points to 8399 during the second quarter of 2022. However, there is a drop in the third quarter of 2022, with the average rate falling to 7620. The fourth quarter of 2022 shows a further decline in the average rate per square foot, with the rate dropping to 6495. However, there is a positive note for the first quarter of 2023, with the average rate per square foot increasing to 7507. Overall, the average rate per square foot shows a mixed trend for the next few quarters.
No of Transactions:
The data shows that the number of transactions for the first quarter of 2022 is 21. This number is expected to increase to 26 during the second quarter of 2022. However, there is a significant drop in the number of transactions during the third quarter of 2022, with the number falling to 15. The fourth quarter of 2022 shows a further decline in the number of transactions, with the number dropping to 10. The first quarter of 2023 shows a further decline, with the number of transactions falling to 7. Overall, the number of transactions shows a negative trend for the next few quarters.
Conclusion:
The location sales trend for Marathahalli shows a mixed trend for the next few quarters. While there is a decline in the average rate per square foot and the number of transactions, the first quarter of 2023 shows a positive trend for the average rate per square foot. However, it is important to note that the data provided is based on past trends and may not be an accurate representation of future trends. Real estate investors and buyers are advised to conduct thorough research and analysis before making any investment decisions.
Top Selling Projects for Marathahalli
If you're looking for the top selling projects in Bangalore's Marathahalli area, you've come to the right place. The following projects have been carefully curated based on their value, popularity and overall quality.
1. DivyaSree 77 Degree Place: This project is a top contender in the Marathahalli area, with a sale value of ₹66 Cr. The current rate for this project is ₹8,188, with a drop of ₹491. Despite the drop, this project remains a popular choice for those looking for high-end living in Bangalore.
2. Rohan Mihira: Another top-selling project in Marathahalli is Rohan Mihira, with a sale value of ₹2 Cr. While the current rate and change value are not available, this project is known for its modern amenities and prime location.
3. Vinayaka Residency: Vinayaka Residency is a more affordable option in Marathahalli, with a sale value of ₹1 Cr. This project offers residents a comfortable and convenient living experience, with easy access to nearby amenities.
4. Aisshwarya Opulence Apartment: This project is another affordable option in the Marathahalli area, with a sale value of ₹1 Cr. While the current rate and change value are not available, Aisshwarya Opulence Apartment is known for its spacious and well-designed apartments.
5. Samaikyaas Sri Sai Sannidhi: Last but not least, Samaikyaas Sri Sai Sannidhi is a popular project in Marathahalli with a sale value of ₹1 Cr. The current rate for this project is ₹4,784, making it an affordable option for those looking for quality living in Bangalore.
Overall, these top selling projects offer a range of options for those looking to invest in the Marathahalli area. With amenities, location and value in mind, it's easy to see why these projects continue to be popular choices for buyers.
Summary For Marathahalli
Real Estate Research Report: Location Summary for Marathahalli
Marathahalli is a rapidly growing suburb located in the eastern part of Bangalore city. It is considered as one of the most sought-after residential areas due to its strategic location, excellent connectivity, and proximity to major IT hubs like Whitefield and Electronic City.
Rental Rate: The current rental rate for properties in Marathahalli is ₹ 26 per square foot. This is slightly higher than the average rental rate in Bangalore, which is around ₹ 22 per square foot.
Sales Transactions: In the past year, there were 167 sales transactions in Marathahalli. This indicates a healthy demand for properties in this area.
Gross Sales Value: The total gross sales value of properties sold in Marathahalli in the past year is ₹ 142 Crores. This shows that the real estate market in this area is thriving, and there is a significant amount of investment happening in this location.
Current Rate/Sq.ft: The current rate per square foot in Marathahalli is ₹ 5,450. This is higher than the average rate in Bangalore, which is around ₹ 4,800 per square foot. This indicates that properties in Marathahalli are in high demand, and the location is considered a prime area for real estate investment.
Overall, Marathahalli is an excellent location for real estate investment due to its strategic location, excellent connectivity, and growing demand for properties. The rental rates and sales transactions indicate a healthy real estate market, and the current rate per square foot shows that properties in this area are in high demand.
