Price Trend For Peeramcheruu
Peeramcheruu is a location that has seen a rise in the average rate per square foot in the first quarter of 2022, with an average rate of 5258 per square foot. This trend is expected to continue throughout the year, with a steady increase in the second quarter of 2022, reaching an average rate of 5608 per square foot. However, in the third quarter of 2022, the average rate decreased to 4944 per square foot, before rising again in the fourth quarter of 2022 to 5305 per square foot. By the first quarter of 2023, the average rate per square foot is expected to reach an impressive 5958.
In terms of transactions, the location of Peeramcheruu has seen a steady increase in the number of transactions from the first quarter of 2022, with 50 transactions being recorded. This trend continued in the second quarter of 2022 with 72 transactions being recorded. However, there was a slight dip in the third quarter of 2022 with 54 transactions being recorded. This trend is expected to pick up again in the fourth quarter of 2022, with 78 transactions being recorded. By the first quarter of 2023, the number of transactions is expected to reach 141.
Overall, the location of Peeramcheruu is seeing a positive trend in terms of the average rate per square foot and the number of transactions. This is a good sign for investors and home buyers looking to invest in this location.
Top Selling Projects for Peeramcheruu
Hyderabad's real estate market has been booming with new projects and developments that are changing the skyline of the city. Among these projects, there are a few that stand out in terms of their value and popularity. Here are the top selling projects by value in Hyderabad's Peeramcheruu area.
1. NCC Urban One:
NCC Urban One is the most sought-after project in Peeramcheruu, Hyderabad. The project offers luxurious apartments and villas with world-class amenities that cater to the needs of modern living. The current rate of the project stands at ₹ 6,168 per sq. ft. The project has witnessed a change in value by ₹ 352 per sq. ft. and has a sale value of ₹ 197 Cr.
2. Hallmark Sunny Side:
Hallmark Sunny Side is another popular project in Peeramcheruu. The project offers spacious apartments with top-notch amenities that cater to the needs of the residents. The current rate of the project stands at ₹ 5,050 per sq. ft. The project has witnessed a change in value by ₹ 2,025 per sq. ft. and has a sale value of ₹ 23 Cr.
3. Keerthi Westwinds:
Keerthi Westwinds is a premium residential project located in Peeramcheruu. The project offers luxury apartments with modern amenities that cater to the needs of a contemporary lifestyle. The project has a sale value of ₹ 2 Cr.
These top-selling projects by value in Peeramcheruu are a testament to the growing demand for luxury residential projects in Hyderabad. With world-class amenities and a strategic location, these projects offer an unparalleled living experience to their residents. So, if you're looking for a luxurious living experience in Hyderabad, these projects are definitely worth considering.
Summary For Peeramcheruu
Location Summary Report for Peeramcheruu
Introduction:
Peeramcheruu is a locality situated in the city of Visakhapatnam, Andhra Pradesh. It is a prominent residential area that is well-connected to other parts of the city. This report provides an overview of the rental rate, sales transactions, gross sales value, and current rate/sq.ft of Peeramcheruu.
Rental Rate:
The rental rate in Peeramcheruu is ₹ 22 per square foot. This rate is relatively affordable compared to other localities in Visakhapatnam. The rental rate indicates that Peeramcheruu is a suitable location for renting properties.
Sales Transactions:
The sales transactions in Peeramcheruu are relatively high, with a total of 467 transactions in the past year. This indicates that the locality is in high demand and has good potential for investment.
Gross Sales Value:
The gross sales value of properties in Peeramcheruu is ₹ 319 Crores. This is a significant amount and indicates that the locality has a high-value real estate market.
Current Rate/Sq.ft:
The current rate/sq.ft of properties in Peeramcheruu is ₹ 5,533. This rate is relatively high compared to other localities in Visakhapatnam. The high rate indicates that Peeramcheruu is a premium location for real estate investment.
Conclusion:
Peeramcheruu is a prominent residential locality in Visakhapatnam with a high-value real estate market. The locality has a relatively affordable rental rate, high sales transactions, and a high gross sales value. The current rate/sq.ft of properties in Peeramcheruu is relatively high, indicating that it is a premium location for real estate investment.
