Price Trend For Annapurneshwari Nagar
If you're interested in buying or investing in real estate in Annapurneshwari Nagar, it's important to stay up to date on the latest location sales trends. According to recent data, the average rate per square foot in Annapurneshwari Nagar has been gradually increasing over the past year. In Q1'22, the average rate was 4407 per square foot, but by Q1'23, it had risen to 4428 per square foot. While this may not seem like a significant increase, it's important to note that this represents a steady upward trend.
In addition to tracking the average rate per square foot, it's also important to pay attention to the number of transactions taking place in the area. According to the same data, the number of transactions in Annapurneshwari Nagar has fluctuated over the past year. In Q1'22, there were 29 transactions, but this number dropped to just 14 in Q2'22. However, by Q1'23, the number of transactions had increased to 17. While these fluctuations may be influenced by a variety of factors, they do suggest that the real estate market in Annapurneshwari Nagar is relatively active.
Overall, it's clear that Annapurneshwari Nagar is a location to keep an eye on if you're interested in real estate. While the average rate per square foot has been increasing gradually, it's important to remember that this represents a steady upward trend. Additionally, while the number of transactions has fluctuated somewhat, it's clear that there is a relatively active real estate market in the area. Whether you're looking to buy or invest, staying up to date on location sales trends can help you make informed decisions.
Summary For Annapurneshwari Nagar
Location Summary: Annapurneshwari Nagar
Annapurneshwari Nagar is a well-established residential locality located in the western part of Bangalore. It is a sought-after location due to its proximity to major IT hubs, educational institutions, healthcare facilities, and entertainment centers. The area is well-connected to the city center via major roads and public transportation.
Sales Transactions:
Over the past year, there have been 98 sales transactions in Annapurneshwari Nagar, indicating a healthy demand for properties in the area.
Gross Sales Value:
The total gross sales value of properties sold in Annapurneshwari Nagar over the past year is approximately ₹ 40 Cr. This indicates that there are a variety of properties available for sale in the area catering to different budgets and preferences.
Current Rate/Sq.ft:
The current rate per square foot for properties in Annapurneshwari Nagar is ₹ 4,189. This rate is indicative of the average price range for properties in the area.
Price Movement:
There has been a positive price movement in Annapurneshwari Nagar over the past year, with a price increase of ₹ 87 per square foot. This indicates healthy appreciation potential for property investments in the locality.
Overall, Annapurneshwari Nagar is a promising location for real estate investments, given its strategic location and positive price movement. It is important to conduct thorough research and due diligence before making any investment decisions.
Top Selling Projects for Annapurneshwari Nagar
Bangalore is a hub for real estate development, and Annapurneshwari Nagar is one of the top localities in the city for top-selling projects by value. Here are some of the best projects in this area that you should consider investing in:
1. Akira Apartment:
Akira Apartment is a luxurious residential project that offers spacious and well-designed apartments. The project boasts modern amenities such as a gymnasium, swimming pool, and landscaped gardens. The current rate for this project is ₹ 3,599 per square foot, with a sale/rent value of ₹ 3 crore. The project has seen a significant increase of ₹ 509 per square foot in the past few months.
2. Rainbow Nest:
Rainbow Nest is a premium residential project that offers spacious and well-ventilated apartments. The project is designed with utmost care and attention to detail, ensuring that residents have a comfortable and luxurious lifestyle. The current rate for this project is ₹ 3,063 per square foot, with a sale/rent value of ₹ 2 crore. The project has maintained its value and has not seen any significant changes in the past few months.
3. Sri Ravi Shantha:
Sri Ravi Shantha is a well-designed residential project that offers spacious and well-ventilated apartments. The project boasts modern amenities such as a gymnasium, swimming pool, and landscaped gardens. The current rate for this project is ₹ 3,483 per square foot, with a sale/rent value of ₹ 2 crore. The project has seen a decrease of ₹ 145 per square foot in the past few months.
4. MV Sneha Enclave:
MV Sneha Enclave is a luxurious residential project that offers spacious and well-designed apartments. The project boasts modern amenities such as a gymnasium, swimming pool, and landscaped gardens. The current rate for this project is ₹ 3,460 per square foot, with a sale/rent value of ₹ 2 crore. The project has maintained its value and has not seen any significant changes in the past few months.
Investing in any of these top-selling projects by value in Annapurneshwari Nagar can be a great decision for your future. With luxurious amenities and well-designed spaces, these projects are perfect for those looking for a comfortable and luxurious lifestyle.
