Price Trend For Santacruz East
Location Sales Trend: Santacruz East
Santacruz East is a prime location in Mumbai that has been witnessing a steady growth in the real estate sector. The location sales trend in the area confirms this fact with the average rate per square foot increasing over the quarters.
In Q1 of 2022, the average rate per square foot in Santacruz East was recorded at 23661, which increased to 24866 in Q2 of 2022, indicating a growth of 5.1%. In Q3 of the same year, the rate per square foot slightly decreased to 23654, but the trend picked up again in Q4 of 2022 with an average rate of 24403 per square foot. In Q1 of 2023, the average rate per square foot was recorded at 24188.
On the other hand, the number of transactions in the location has been fluctuating. In Q1 of 2022, the number of transactions was 166, which decreased to 103 in Q2 of 2022, indicating a decline of 38.6%. In Q3 of the same year, there was only a slight decrease with 102 transactions. However, the number of transactions in Q4 of 2022 dropped significantly to 78. The trend reversed in Q1 of 2023, which recorded a total of 138 transactions.
In conclusion, Santacruz East is a location that is experiencing a growth in the real estate sector, with the average rate per square foot increasing over the quarters. Despite the fluctuating number of transactions, the location remains a prime area for investment in Mumbai.
Top Selling Projects for Santacruz East
Mumbai's real estate market is known for its luxurious and high-end projects that offer top-notch amenities and facilities. The Santacruz East locality is one such area that boasts of some of the most sought-after projects in the city. Here, we bring you a list of the top-selling projects by value in Santacruz East.
RSB MS H2O is the most expensive project on the list, with a sale value of ₹51 crore. The project has seen a rise in its current rate, which is now at ₹33,062 per square feet. Crescent Nexus, on the other hand, has witnessed a drop in its current rate, which is now at ₹26,572 per square feet with a sale value of ₹46 crore.
Amity Apartment and 127 Upper East have maintained their current rates at ₹21,337 and ₹26,719 per square feet, respectively. Kalpataru Bliss has seen a slight increase in its current rate, which is now at ₹29,214 per square feet with a sale value of ₹22 crore.
Gadgil Niwas, Global Emerald, Sanghvi Infenia, Supreme Shanti Vallabh Apartment, and Zee Milan complete the list of the top-selling projects in Santacruz East. All these projects have a sale value ranging from ₹15 crore to ₹21 crore.
If you're looking for a luxurious and high-end residential project in Santacruz East, then these top-selling projects by value can be a great starting point for your search. With their top-notch amenities, facilities, and prime location, these projects offer the best of Mumbai's real estate market.
Summary For Santacruz East
Location Summary: Santacruz East
Santacruz East is a prime residential location in Mumbai, Maharashtra, and is known for its excellent connectivity to other parts of the city. The location is situated close to the airport and is well connected by road and rail, making it a preferred choice for both residential and commercial properties.
Rental Rate: The average rental rate in Santacruz East is ₹85 per sq.ft. This rate may vary depending on the type of property, its location, and amenities.
Sales Transactions: The area has witnessed around 873 sales transactions in the last year. This indicates a strong demand for properties in the location.
Gross Sales Value: The gross sales value of properties in Santacruz East is around ₹989 Crores. This suggests that it is a high-value real estate market.
Current Rate/Sq.ft: The current rate per sq.ft in Santacruz East is ₹22,656. This rate is likely to increase in the future due to the high demand for properties in the location.
Overall, Santacruz East is a prime location for real estate investments. Its excellent connectivity, high demand, and increasing property rates make it a profitable choice for both residential and commercial properties.
