Price Trend For Naigaon East
Location Sales Trend: Naigaon East
Naigaon East is a rapidly developing suburb of Mumbai, and the real estate market in this area has been witnessing a steady growth in recent years. The location sales trend data for Naigaon East reveals that the average rate per square foot has been increasing consistently over the past few quarters.
In Q1'22, the average rate was Rs. 8242 per square foot, which increased to Rs. 8894 in Q2'22. The trend continued in Q3'22 with an average rate of Rs. 9277, and in Q4'22, it further increased to Rs. 9321. The most recent data available for Q1'23 shows that the average rate has risen to Rs. 9976 per square foot.
In addition to the rise in prices, the data also reveals that the number of transactions in Naigaon East has been fluctuating. In Q1'22, there were 324 transactions, which decreased to 200 in Q2'22. However, in Q3'22, the number of transactions increased slightly to 196, and in Q4'22, it rose significantly to 440. The data for Q1'23 shows a slight decrease in the number of transactions to 319.
Overall, the location sales trend data for Naigaon East indicates a positive growth in the real estate market in this area. The increasing average rate per square foot is an excellent opportunity for property investors looking to make a good return on investment. The fluctuation in the number of transactions suggests that the market is still evolving, and buyers and sellers are adjusting to the changing market conditions.
Top Selling Projects for Naigaon East
Mumbai has always been a hub for real estate investments due to its ever-growing population and increasing demand for housing. If you are looking for the top selling projects in Mumbai, then you must check out the Top Selling Projects by Value in Naigaon East.
Navkar City is one of the top-rated projects in the region with a sale rent value of ₹152 Cr. The current rate of the project is ₹10,813, making it an excellent investment opportunity. Sunteck Maxx World is another project that has gained immense popularity in recent times. With a sale rent value of ₹48 Cr and a current rate of ₹8,879, it is an attractive option for investors.
Nakshatra Aarambh is also one of the top projects in the area, with a current rate of ₹10,793 and a sale rent value of ₹31 Cr. Shree Krishna Bhoomi, with a current rate of ₹7,564 and a sale rent value of ₹9 Cr, is an affordable option for those looking for a budget-friendly investment.
Navkar Tower and Sunteck West World are also worth considering, despite their change in value. Navkar Tower has a sale rent value of ₹8 Cr, while Sunteck West World has a sale rent value of ₹7 Cr.
Mahalakshmi Nagar CHS, Supreme Heights, Ornate Galaxy, and Casita Enclave are some other projects that offer a great return on investment. With a sale rent value of ₹7 Cr, ₹4 Cr, ₹3 Cr, and ₹3 Cr respectively, these projects are excellent options for investors.
In conclusion, if you are looking for the top-selling projects in Mumbai, then the Top Selling Projects by Value in Naigaon East is an excellent place to start your search. With a range of options available for investors, there is something for everyone in this region.
Summary For Naigaon East
Location Summary: Naigaon East
Naigaon East is a rapidly developing locality situated in the northern part of Mumbai. The area is well-connected with major roads and railways, making it easily accessible from other parts of the city. It is also in close proximity to important business hubs such as Borivali, Andheri, and Goregaon.
Rental Rate:
The rental rate in Naigaon East is currently at an average of ₹14 per square foot. This is a relatively affordable rate compared to other areas in Mumbai, making it an attractive location for both residential and commercial purposes.
Sales Transactions:
There have been a total of 1,885 sales transactions in Naigaon East. This indicates a high level of demand for properties in the area, which is likely due to its convenient location and affordability.
Gross Sales Value:
The gross sales value in Naigaon East is estimated to be around ₹421 crore. This is a significant figure and shows the potential for growth in the real estate market in this locality.
Current Rate/Sq.ft:
The current rate per square foot in Naigaon East is ₹8,770. This is a reasonable rate considering the area's location and accessibility. The rate is expected to increase in the future, making it a good investment opportunity for those looking to invest in the real estate market.
Overall, Naigaon East is a promising location for real estate investment, with its affordable rental rates and high demand for properties. The area's convenient location and accessibility also make it an attractive option for both residential and commercial purposes.
