Top Selling Projects for Phi-1
Greater Noida has become a hub of real estate development in recent years. With its excellent connectivity, world-class infrastructure, and proximity to Delhi, it has emerged as a preferred destination for homebuyers. Phi-1 is one such locality in Greater Noida that has witnessed a surge in demand for residential properties. If you are planning to invest in this area, then here are the top selling projects by value that you should consider.
Jalvayu Vihar is a premium residential project located in Phi-1, Greater Noida. The project offers spacious and well-designed 2 BHK, 3 BHK, and 4 BHK apartments with modern amenities and facilities. The project is spread over 15 acres and is surrounded by lush greenery. The current rate for the apartments in Jalvayu Vihar is ₹3,375 per square foot. The sale rent value for a 2 BHK apartment is ₹7 crore. The project has seen a decrease in value by ₹1,097, which is a great opportunity for buyers to invest in this project.
UPSEB Engineers Society is another top-selling project in Phi-1, Greater Noida. The project offers 2 BHK and 3 BHK apartments with modern amenities and facilities. The apartments are spacious and well-designed, and the project is surrounded by lush greenery. The sale rent value for a 2 BHK apartment in UPSEB Engineers Society is ₹1 crore. The project has seen a stable value in the market.
In conclusion, if you are looking to invest in a residential property in Phi-1, Greater Noida, then these top-selling projects are worth considering. With their modern amenities, excellent connectivity, and proximity to Delhi, these projects are ideal for homebuyers and investors alike.
Summary For Phi-1
Executive Summary:
This research report provides an overview of the real estate market in Phi-1 location. The report is based on the analysis of sales transactions, gross sales value, current rate per square foot, and price movement in the location. The report provides insights into the real estate market trends and potential investment opportunities.
Location Summary:
Phi-1 is a popular residential location in the city. The location has witnessed a significant growth in the real estate market in recent years. The area is well connected to other parts of the city and has easy access to transportation facilities. The location has good social infrastructure with schools, hospitals, and shopping centers in the vicinity.
Sales Transactions:
The research report reveals that there were 124 sales transactions in Phi-1 location. This indicates a healthy demand for residential properties in the area. The sales transactions include apartments, villas, and independent houses.
Gross Sales Value:
The gross sales value of the properties sold in Phi-1 location was ₹ 45 crores. This indicates a strong real estate market in the area. The gross sales value has increased significantly in the past few years, indicating a positive trend in the real estate market.
Current Rate/Sq.ft:
The current rate per square foot in Phi-1 location is ₹ 3,768. This indicates a moderate price range for residential properties in the area. The current rate per square foot has remained stable in the past few years, indicating a steady real estate market.
Price Movement:
The research report reveals that the price movement in Phi-1 location has been positive. The price has increased by ₹ 134, indicating a growth in the real estate market. This indicates a potential for investment opportunities in the area.
Conclusion:
The research report provides insights into the real estate market in Phi-1 location. The location has a healthy demand for residential properties, and the gross sales value has increased significantly in the past few years. The current rate per square foot is moderate, and the price movement has been positive. The report indicates a potential for investment opportunities in the area.
Price Trend For Phi-1
Location Sales Trend: Phi-1
Phi-1 has been experiencing a steady rise in the real estate market. In the first quarter of 2022, the average rate per square foot was 3496 which increased to 3691 in the second quarter, and then slightly decreased in the third quarter to 3662. However, the fourth quarter saw a significant rise with an average rate per square foot of 4052. The trend seems to continue in the first quarter of 2023 as well, with an average rate per square foot of 3821.
The number of transactions in Phi-1 tells a different story. The first quarter of 2022 witnessed 33 transactions, which decreased to 26 in the second quarter. However, the third quarter saw an increase with 32 transactions, which again decreased to 25 in the fourth quarter. It seems that the trend of decreasing transactions is continuing in the first quarter of 2023 as well, with 25 transactions.
In conclusion, the real estate market in Phi-1 is experiencing a rise in the average rate per square foot, but a decline in the number of transactions. This information can be useful for sellers and buyers who are interested in investing in the Phi-1 area.
