Summary For Sector-16B
Location Summary: Sector-16B
Sector-16B is a prominent location in the city, known for its prime residential and commercial properties. The area is well-connected to other parts of the city through major roads and public transportation facilities, making it a preferred choice for many buyers and investors.
Rental Rate: The rental rate in Sector-16B is affordable, with an average rate of ₹12 per square foot. This makes it an attractive option for tenants looking for affordable rental properties in a good location.
Sales Transactions: Over the last year, there have been 683 sales transactions in Sector-16B, indicating a high demand for properties in the area. This demand is driven by the location's strategic positioning, as well as the availability of modern amenities and facilities.
Gross Sales Value: The total gross sales value of properties in Sector-16B over the last year is estimated at ₹230 crores. This reflects the high value of properties in the area, as well as the strong demand for properties from both buyers and investors.
Current Rate/Sq.ft: The current rate per square foot in Sector-16B is ₹3,636, which is competitive with other similar locations in the city. This rate reflects the high demand for properties in the area, as well as the value of the properties available.
Overall, Sector-16B is a prime location for both residential and commercial properties, with strong demand and competitive pricing. It is a location that is likely to see continued growth and development, making it an attractive option for buyers and investors looking for long-term value.
Top Selling Projects for Sector-16B
If you're on the lookout for top-quality projects in Greater Noida, Sector-16B, look no further than the Top Selling Projects by Value. This list has been curated to bring you the most sought-after projects with the highest value in the area.
First on the list is the Anthem French Apartment, which boasts a sale/rent value of ₹82 Cr. Though there has been a slight decrease in its value, with a change value of -₹31, its current rate is still at an impressive ₹3,342.
Next up is the SKA Greenarch with a sale/rent value of ₹33 Cr. It has seen an increase in value, with a change value of +₹49, and its current rate is at ₹3,366.
The Shri Radha Sky Gardens is another top project in the area, with a sale/rent value of ₹11 Cr. Although it has seen a decrease in value, with a change value of -₹275, its current rate is still a respectable ₹2,908.
The Ajnara Homes is also a noteworthy project, with a sale/rent value of ₹4 Cr. Its current rate is at ₹3,213, and there has been no change in its value.
The Panchsheel Pinnacle is another top project, with a sale/rent value of ₹3 Cr. It has seen an increase in value, with a change value of +₹62, and its current rate is now at ₹3,465.
Last but not least, the Supertech Ecovillage III has a sale/rent value of ₹1 Cr. Though there has been no change in its value, it is still a great option for those looking for a top-quality project in the area.
In conclusion, the Top Selling Projects by Value is a highly recommended list for anyone looking for the best projects in Greater Noida, Sector-16B. With its curated selection of top-quality projects and their respective values, you can be assured that you're getting the best value for your money.
Price Trend For Sector-16B
Location Sales Trend: Sector-16B
If you're looking to invest in the real estate market in Sector-16B, it's important to keep track of the location's sales trend. The following data reflects the average rate per square foot and number of transactions in the area for the next few quarters:
Average Rate/Sq.Ft:
- Q1'22: 3337
- Q2'22: 3304
- Q3'22: 3208
- Q4'22: 3281
- Q1'23: 3280
As per the data, the average rate per square foot is expected to remain steady for the next few quarters, with a slight dip in Q3'22. This indicates that property prices in Sector-16B are likely to remain stable, making it a good time to invest in the area.
No of Transactions:
- Q1'22: 312
- Q2'22: 232
- Q3'22: 101
- Q4'22: 55
- Q1'23: 31
The number of transactions in Sector-16B is expected to decrease significantly in the coming quarters, with a sharp decline in Q3'22. This may be due to a decrease in demand or an increase in competition from neighboring areas. However, it's important to note that a decrease in transactions does not necessarily mean a decrease in property value.
In conclusion, if you're looking to invest in the real estate market in Sector-16B, it's important to keep an eye on the location's sales trend. The data suggests that property prices are likely to remain stable, making it a good time to invest. However, the decrease in transactions may indicate increased competition, so it's important to do your research and make an informed decision.
