Property Rates of Atharva Advaitm Residency, Ravet Pune

Project Summary:

The research report focuses on a real estate project that has had three sales transactions with a gross sales value of ₹ 7,640,000. The current rate per square foot is ₹ 8,468. However, there has been no price movement in this project, indicating a stable market for the property.

Introduction:

The real estate industry is constantly evolving and changing with the times. With the rise of technology and the internet, it has become easier for consumers to find and buy properties online. However, despite these advancements, it is important to conduct research to understand the market trends and sales distribution in a particular area. This report will focus on the area-wise sales distribution for Atharva Advaitm Residency, a residential project located in a prime location.

Methodology:

The data used in this report was collected from the past six months and one year. The report focuses on two different area ranges, 350-400 sq ft and 550-600 sq ft. The data collected includes the sale value and the number of transactions for each range.

Findings:

Based on the data collected, it was found that the sales distribution for Atharva Advaitm Residency is heavily concentrated in the 350-400 sq ft range. In the past six months, there was only one transaction in this range, with a sale value of ₹ 3,150,000. In the past year, there were two transactions in this range, both of which had a sale value of ₹ 3,150,000.

In the 550-600 sq ft range, there were two transactions in the past year, with a sale value of ₹ 9,883,000. This suggests that the larger units are selling for a higher price and are less common in this area.

Conclusion:

Based on the data collected, it can be concluded that the sales distribution for Atharva Advaitm Residency is heavily concentrated in the 350-400 sq ft range. However, the larger units in the 550-600 sq ft range are also selling for a higher price. This information can be useful for potential buyers and investors to understand the market trends and make informed decisions. It is important to note that this data only represents a small sample size and may not be indicative of overall market trends.

Atharva Advaitm Residency, a residential project, is experiencing a steady rise in its average rate per square foot. The project's location is not specified in the data, but it is safe to assume that it is in a prime location, given the increase in prices. In Q2'22, the average rate per square foot was 8149, and it remained the same in Q3'22. However, in Q4'22, the price increased to 8361, showing a growth of 2.6%. In Q1'23, the price reached 8468, indicating a further growth of 1.3%.

The number of transactions in Atharva Advaitm Residency has been fluctuating. In Q2'22, there were only two transactions. There were no transactions in Q3'22. In Q4'22, there was a slight increase, with one transaction taking place. However, in Q1'23, there were no transactions again.

Overall, the trend shows that Atharva Advaitm Residency's location is desirable, and the property's value is steadily increasing. Buyers who invest in this property can expect a considerable return on investment in the future. However, the fluctuation in the number of transactions indicates that potential buyers need to be vigilant and make their purchase decisions carefully.