Summary For Akshayanagar
Location Summary: Akshayanagar
Akshayanagar is a popular residential locality located in the southern part of Bangalore, Karnataka. The area is well-connected to neighboring localities such as HSR Layout, Bannerghatta Road, and BTM Layout. The locality has seen significant growth in recent years, mainly due to its proximity to major IT parks and industrial areas.
Rental Rate: The rental rate in Akshayanagar is around ₹35 per square foot. This is a reasonable rate compared to other nearby localities, making it an attractive option for renters.
Sales Transactions: According to recent data, there have been 1,754 sales transactions in Akshayanagar in the past year. This indicates a high demand for real estate in the area.
Gross Sales Value: The gross sales value of real estate in Akshayanagar is approximately ₹627 crores. This high value is a testament to the area's growth and potential for investment.
Current Rate/Sq.ft: The current rate per square foot in Akshayanagar is around ₹5,175. This rate is slightly higher than the rental rate, indicating that property prices are on the rise in the area.
Overall, Akshayanagar is a promising location for real estate investment. Its strategic location, high demand for rental properties, and rising property prices make it an attractive option for investors and homebuyers.
Top Selling Projects for Akshayanagar
Looking for the top selling projects in Bangalore's Akshayanagar area? Look no further than this comprehensive list of the Top Selling Projects by Value. With a range of options from some of the most reputable builders in the industry, you're sure to find the perfect new home for you and your family.
At the top of the list is Hiranandani Queensgate, with a sale value of ₹ 242 Cr. This luxurious project is sure to impress with its world-class amenities and stunning design. Valmark Cityville comes in second place, with a sale value of ₹ 78 Cr. Despite a slight decrease in value, this project is still a highly sought-after option for those looking for a premium living experience.
Other notable projects on the list include Nandi Citadel, Sri Krishna Residency, and Aishwaryam Tranquil, all of which offer unique features and amenities to suit a variety of lifestyles and budgets. Suraksha Silver Oak has seen a recent increase in value, making it an attractive option for those looking for a more affordable yet still high-quality living experience.
Further down the list are Hiranandani Club Meadows, SNN Raj Serenity, and Jampa Experia, each offering their own unique features and benefits. Finally, Raaga Kanakaangi rounds out the list with a sale value of ₹ 1 Cr.
Overall, these top-selling projects in Akshayanagar offer a wide range of options to suit every need and budget. Whether you're looking for luxurious amenities or a more affordable option, there's sure to be a project on this list that's perfect for you.
Price Trend For Akshayanagar
Location Sales Trend: Akshayanagar
Akshayanagar, located in the southern part of Bangalore, has been witnessing a steady growth in the real estate sector in recent years. The area is developed with good infrastructure, connectivity, and social amenities, making it an ideal location for residential properties.
The average rate per square foot in Akshayanagar has been increasing steadily over the past few quarters, as per the data provided. In Q1'22, the average rate per square foot was 4562, which increased to 5926 in Q2'22, and further to 5815 in Q3'22. However, there was a slight decline in Q4'22, with the average rate per square foot being 5067. The trend continued in Q1'23, with the average rate per square foot being 4758.
The number of transactions in Akshayanagar has also been fluctuating over the past few quarters, as per the data provided. In Q1'22, the number of transactions was 323, which increased to 405 in Q2'22. However, there was a decline in Q3'22, with the number of transactions being 312. The number of transactions increased again in Q4'22, with 359 transactions being recorded. However, there was a slight decline in Q1'23, with the number of transactions being 294.
Overall, the location sales trend in Akshayanagar has been positive, with an increasing average rate per square foot. However, the number of transactions has been fluctuating, indicating that the market is not completely stable. Nevertheless, the area's good infrastructure, connectivity, and social amenities make it an attractive location for real estate investments.
