Summary For Shaikpet
Location Summary Report for Shaikpet:
Shaikpet is a locality in Hyderabad, India. The area is well-connected to other parts of the city and has good access to public transportation. This report provides a summary of the real estate market in Shaikpet.
Rental Rate:
The current rental rate in Shaikpet is ₹21 per square foot. This is the average rate for residential and commercial properties in the area. The rental rate may vary depending on the type of property and its location.
Sales Transactions:
There have been 558 sales transactions in Shaikpet in the last year. This includes both residential and commercial properties. The number of transactions indicates that there is a high demand for properties in the area.
Gross Sales Value:
The total gross sales value of properties sold in Shaikpet in the last year is ₹233 crores. This is a significant amount and shows that the real estate market in the area is thriving.
Current Rate/Sq.ft:
The current rate per square foot for properties in Shaikpet is ₹5,100. This is the average rate for both residential and commercial properties. The rate may vary depending on the location and type of property.
Overall, Shaikpet is a promising location for real estate investments. The high number of sales transactions and gross sales value indicate that the market is strong. The rental rate and current rate per square foot are also competitive, making it an attractive option for both buyers and renters.
Top Selling Projects for Shaikpet
Hyderabad's real estate market is buzzing with activity, and the Shaikpet region is one of the most sought-after locations in the city. If you're looking to invest in property in this area, you should consider the top selling projects by value.
Aditya Empress Towers is one of the most popular projects in Shaikpet, with a current rate of ₹ 5,645 and a sale value of ₹ 90 Cr. This luxurious project offers spacious apartments with world-class amenities and a stunning view of the city.
Salarpuria Sattva Magnus is another project that's in high demand. With a current rate of ₹ 6,470 and a sale value of ₹ 42 Cr, this project is perfect for those looking for a modern and luxurious lifestyle. The apartments in Salarpuria Sattva Magnus are spacious and come with top-of-the-line amenities.
Vasavi Usharam Integra is another project that's worth considering. With a current rate of ₹ 5,000 and a sale value of ₹ 16 Cr, this project offers affordable yet premium apartments. The project is designed to provide residents with a comfortable and convenient lifestyle.
Sri Aditya Le Grandiose is a project that's perfect for those looking for spacious apartments with world-class amenities. With a current rate of ₹ 5,832 and a sale value of ₹ 13 Cr, this project offers a luxurious lifestyle at an affordable price.
If you're looking for a more affordable option, you can consider Reliance Jubilee. With a current rate of ₹ 4,592 and a sale value of ₹ 4 Cr, this project is perfect for those on a budget. The apartments in Reliance Jubilee are well-designed and offer all the basic amenities.
Balman Urbane Den and Mawin Plaza are two other projects that are worth considering. While the current rate and sale value for these projects are not available, they offer affordable apartments with all the basic amenities.
In conclusion, these top selling projects by value in Shaikpet offer a range of options for those looking to invest in property in Hyderabad. Whether you're looking for luxurious apartments or affordable options, there's something for everyone in these projects.
Price Trend For Shaikpet
Shaikpet's real estate market has shown a steady growth in the past few quarters. The average rate per square foot for properties in the area has shown a consistent upward trend, with a rate of 5527 per square foot in Q1'22, and rising to 5790 per square foot in Q1'23. This indicates a positive growth in the real estate market in Shaikpet.
In addition, the number of transactions in the area also shows a positive trend. In Q1'22, there were 156 transactions, which fell drastically to 50 in Q2'22. However, the number of transactions picked up again in the following quarters, with 42 transactions in Q3'22, 68 in Q4'22, and 88 transactions in Q1'23. This indicates that the real estate market in Shaikpet is active, and buyers are willing to invest in the area.
Overall, the real estate market in Shaikpet is showing positive growth in terms of both price and number of transactions. It is a promising location for those who are looking to invest in the real estate market.
