Price Trend For Sion
Location Sales Trend: Sion
Sion is a popular residential area located in the heart of Mumbai, India. The real estate market in Sion has been witnessing a steady growth in recent years, attracting home buyers and investors alike. In this article, we will take a closer look at the location sales trend in Sion.
The data indicates that the average rate per square foot in Sion has been increasing steadily over the past year. In Q1 of 2022, the average rate per square foot was 26,699 INR, which rose to 27,615 INR in Q2 of 2022. In Q3 of 2022, the average rate per square foot increased to 28,266 INR. In Q4 of 2022, it further increased to 29,803 INR. However, in Q1 of 2023, there was a slight dip in the average rate per square foot, which stood at 29,499 INR.
On the other hand, the number of transactions in Sion has been fluctuating. In Q1 of 2022, there were 457 transactions. In Q2 of 2022, the number of transactions decreased to 300. In Q3 of 2022, it further decreased to 219. In Q4 of 2022, the number of transactions decreased significantly to 128. However, in Q1 of 2023, there was a substantial increase in the number of transactions, which stood at 237.
The data suggests that although the average rate per square foot in Sion has been increasing, the number of transactions has been fluctuating. The decrease in the number of transactions in Q4 of 2022 could be attributed to various factors such as the festive season, market conditions, and other external factors.
In conclusion, the real estate market in Sion has been witnessing a steady growth in terms of the average rate per square foot. However, the number of transactions has been fluctuating, indicating the need for a more stable market environment. It is advisable for buyers and investors to keep a close eye on the location sales trend in Sion and make informed decisions based on the market conditions.
Summary For Sion
Location Summary Report: Sion
Sion is a prime location in Mumbai, India, known for its strategic location and excellent connectivity. This report provides an overview of the real estate market in Sion, with a focus on rental rates, sales transactions, gross sales value, and current rate per square foot.
Rental Rate:
The average rental rate in Sion is ₹93 per square foot, which is quite reasonable compared to other prime locations in Mumbai. This makes Sion an attractive destination for businesses looking to set up their operations in a prime location without incurring high rental costs.
Sales Transactions:
In 2020, there were 1,452 sales transactions in Sion, indicating a strong demand for real estate properties in this location. This makes Sion an excellent location for property investments, as there is a high likelihood of capital appreciation in the long run.
Gross Sales Value:
The gross sales value of real estate properties in Sion was ₹1,598 Crores in 2020. This indicates that the real estate market in Sion is thriving, with a high demand for properties and a favorable investment environment.
Current Rate/Sq.ft:
The current rate per square foot in Sion is ₹23,899, which is a reflection of the prime location and excellent connectivity that Sion offers. This rate is likely to increase in the future due to the high demand for properties in this location.
Conclusion:
Sion is a prime location in Mumbai, with a thriving real estate market. The average rental rate is reasonable, and there is a high demand for properties, making it an attractive location for property investments. The current rate per square foot is also quite high, indicating a favorable investment environment. Overall, Sion is an excellent location for businesses and investors looking for a prime location in Mumbai.
Top Selling Projects for Sion
If you're looking for the top-selling real estate projects in Mumbai, look no further than Sion. This bustling neighborhood is home to some of the city's most valuable and sought-after developments, including the following:
1. Lodha New Cuffe Parade: With a sale value of ₹441 crore, this impressive project is one of the most coveted in the city. Its current rate of ₹31,583 reflects its high value and desirability, and with a change value of +₹1,426, it's only getting more valuable.
2. Dosti Mezzo 22: Another top-selling project in Sion, this development has a sale value of ₹225 crore and a current rate of ₹32,926. While its change value is currently holding steady, its high value and prime location make it a popular choice among buyers.
3. Runwal Timeless: With a change value of +₹1,085 and a sale value of ₹53 crore, Runwal Timeless is a project on the rise. Its current rate of ₹26,145 reflects its growing popularity, and its prime location in Sion makes it a smart investment for anyone looking to buy in the area.
4. Shikara Heights: This development has a sale value of ₹44 crore and a current rate of ₹26,066. While its change value is currently holding steady, its high value and prime location make it a highly sought-after property in Sion.
5. Ahuja O2: With a change value of +₹3,029 and a sale value of ₹31 crore, Ahuja O2 is one of the fastest-growing developments in Sion. Its current rate of ₹24,845 reflects its increasing popularity, and its modern amenities and prime location make it a smart investment for anyone looking to buy in the area.
6. Sheth Beaumonte: This project has a sale value of ₹21 crore and a current rate of ₹30,831. While its change value is currently holding steady, its high value and prime location make it a popular choice among buyers in Sion.
7. Amarjyoti CHS: While this project has a sale value of ₹4 crore and a current rate that is currently unknown, its prime location in Sion makes it a smart investment for anyone looking to buy in the area.
8. Swadeshi Mills complex: With a change value of +₹1,102 and a sale value of ₹3 crore, this development is on the rise. Its current rate of ₹24,044 reflects its increasing popularity, and its prime location in Sion makes it a smart investment for anyone looking to buy in the area.
9. Callisto: While its sale value is currently unknown, Callisto's prime location in Sion makes it a popular choice among buyers in the area.
10. Sahaj 22 Avenue: With a sale value of ₹3 crore and a current rate of ₹27,265, Sahaj 22 Avenue is a popular development in Sion. While its change value is currently holding steady, its prime location and modern amenities make it a smart investment for anyone looking to buy in the area.
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