Summary For RK Hegde nagar
Location Summary Report for RK Hegde Nagar:
RK Hegde Nagar is a popular residential area located in North Bangalore. The location has seen a steady increase in demand for both rental and sales transactions due to its proximity to major IT parks and easy access to transportation facilities.
The current rental rate in RK Hegde Nagar is ₹24 per sq.ft, which is considered reasonably affordable for the area. There have been 586 sales transactions in the location, with a gross sales value of ₹166 Cr. This indicates a healthy demand for properties in the area.
The current rate per sq.ft for properties in RK Hegde Nagar is ₹4,725. This is slightly lower than the average rate for similar locations in the area. However, the location's proximity to major IT parks like Manyata Tech Park and Kirloskar Business Park makes it an attractive option for those working in the IT sector.
Overall, RK Hegde Nagar is a promising location for both rental and sales transactions. The area's affordable rental rates, healthy sales transactions, and convenient location make it an attractive option for those looking to invest in real estate in Bangalore.
Top Selling Projects for RK Hegde nagar
Bangalore is a city that is always bustling with activity, and RK Hegde Nagar is one locality that is seeing a lot of development in recent times. If you are looking to invest in a property in this area, here are the top selling projects by value that you should consider.
1. Amigo Estella: This project has seen an increase in value by ₹ 233 and is currently priced at ₹ 3,567 per square foot. With a sale or rent value of ₹ 16 crores, this is one project that offers great returns on investment.
2. Vihanga Enclave: Priced at ₹ 4,374 per square foot, this project has a sale or rent value of ₹ 3 crores. With no change in value, it is a safe bet for those looking for stability in their investment.
3. NKV Park View: This project is currently priced at ₹ 4,728 per square foot and has a sale or rent value of ₹ 1 crore. With no change in value, it is a good option for those looking for a budget-friendly investment.
4. V2 Shine: This project has a sale or rent value of ₹ 1 crore, but there is no information available on the current rate or change in value.
5. Provident Harmony: Similar to V2 Shine, there is no information available on the current rate or change in value, but the sale or rent value is ₹ 1 crore.
6. Prakruthi Akshara: This project has seen an increase in value by ₹ 246 and is currently priced at ₹ 4,673 per square foot. With a sale or rent value of ₹ 1 crore, it is a good option for those looking for a growing investment.
Investing in a property in RK Hegde Nagar can be a lucrative decision, especially with these top selling projects by value. Take your time to research and choose the one that suits your budget and investment goals.
Price Trend For RK Hegde nagar
If you are looking to purchase a property in the RK Hegde nagar area, it is important to keep an eye on the location sales trend. The data shows that the average rate per square foot has been steadily increasing over the last few quarters, with prices reaching 3415 in Q1'22 and steadily climbing to 4049 in Q1'23. This suggests that the area is becoming more in-demand and that property values are likely to continue rising.
However, it is also important to consider the number of transactions in the area. While the average rate per square foot is increasing, the number of transactions has been fluctuating. In Q2'22, there was a significant increase in the number of transactions, with 133 sales recorded. However, this number dropped to 91 in Q4'22 and then to 66 in Q1'23. This suggests that while the area may be becoming more popular, it may not be attracting as many buyers as it once was.
Overall, if you are interested in purchasing a property in RK Hegde nagar, it is important to keep an eye on both the average rate per square foot and the number of transactions in the area. While rising property values may suggest a good investment opportunity, a drop in the number of transactions could make it more difficult to resell the property in the future.
