Price Trend For Badlapur East
Badlapur East is a rapidly developing neighborhood located in the outskirts of Mumbai. The Location Sales Trend data for Badlapur East reveals some interesting insights into the real estate market in this area.
According to the data, the average rate per square foot in Badlapur East has been consistently increasing over the quarters. In Q1'22, the average rate per square foot was recorded at 6851, which increased to 6974 in Q2'22, and further rose to 7003 in Q3'22. By Q4'22, it reached 7047, making it clear that the property prices in Badlapur East are on an upward trend. However, in Q1'23, the average rate per square foot witnessed a slight dip and was recorded at 6979.
On the other hand, the number of transactions in Badlapur East has been on a declining trend over the quarters. In Q1'22, the number of transactions was recorded at 1167, which decreased to 883 in Q2'22, and further declined to 666 in Q3'22. By Q4'22, it fell to 582, indicating a significant drop in the number of property transactions in the area. However, in Q1'23, the number of transactions witnessed a slight increase and was recorded at 679.
Overall, the data suggests that while the average property prices in Badlapur East are on an upward trend, the number of property transactions is declining. This could be attributed to various factors such as the economic slowdown, lack of infrastructure development, or unfavorable market conditions. However, investors and buyers who are willing to take a long-term view can still find lucrative opportunities in the area, given its strategic location and future growth prospects.
Summary For Badlapur East
Location Summary: Badlapur East Real Estate Market
Badlapur East is a suburban locality situated in the Thane district of Maharashtra, India. It is considered as one of the fast-growing areas in the Mumbai Metropolitan Region (MMR) due to its proximity to Mumbai and affordable property prices.
Rental Rate: The rental rate in Badlapur East is relatively low compared to other areas in Mumbai. The average rental rate is ₹15 per square foot, making it an attractive option for tenants looking for affordable housing.
Sales Transactions: According to recent data, there were 4,673 sales transactions in Badlapur East in the last year. This indicates a healthy demand for properties in the area, which is likely due to its affordability and accessibility to Mumbai.
Gross Sales Value: The gross sales value of properties in Badlapur East is estimated to be around ₹983 crore. This reflects the overall value of real estate transactions in the area, indicating a growing real estate market.
Current Rate/Sq.ft: The current rate per square foot in Badlapur East is ₹6,322. This is significantly lower than other areas in Mumbai, making it a popular choice for homebuyers looking for affordable properties.
Overall, Badlapur East has emerged as a promising real estate market in the Mumbai Metropolitan Region. Its affordable property prices, good connectivity, and growing infrastructure have attracted homebuyers and investors alike. With the government's focus on developing affordable housing in the area, the real estate market in Badlapur East is expected to grow further in the coming years.
Top Selling Projects for Badlapur East
Thane's Badlapur East has some of the top-selling projects by value, attracting property buyers and investors alike. These projects have been carefully crafted to offer luxury, comfort, and convenience to their residents.
One of the top projects in the area is Aryan One, with a sale value of ₹34 Cr., despite a slight decrease in value by ₹246. Its current rate stands at ₹8,210. Thanekar Palacio, another project, has a sale value of ₹33 Cr. and a current rate of ₹7,282. It has maintained a steady rate, with no change in value.
Manohar Vikas Shreeji Paraiso is another project in Badlapur East with a sale value of ₹29 Cr. and a current rate of ₹7,952. Although it has experienced a slight decrease in value by ₹27, it remains a popular choice among buyers.
Godrej Vihaa is a luxury project with a sale value of ₹23 Cr. and a current rate of ₹7,845, experiencing a decrease in value by ₹15. Umiya Nakshatra, on the other hand, has seen an increase in value by ₹435, with a sale value of ₹19 Cr. and a current rate of ₹6,852.
Shubh Vastu has a sale value of ₹18 Cr. and a current rate of ₹6,585, experiencing an increase in value by ₹411. Similarly, Shreeji Heights has a current rate of ₹6,999 and a sale value of ₹18 Cr., with an increase in value by ₹69.
Tharwani Millennium City has a sale value of ₹17 Cr. and a current rate of ₹8,211, experiencing a decrease in value by ₹502. Vinayak Shubh Srushti, another project in the area, has a sale value of ₹17 Cr. and a current rate of ₹6,918, with a decrease in value by ₹3.
Prachi Residency has a sale value of ₹16 Cr. and a current rate of ₹6,835, with a decrease in value by ₹169.
Overall, these top projects in Badlapur East offer a range of options for property buyers and investors looking for luxurious and comfortable living spaces. With varying sale values and rates, there is a project to suit every budget and preference.
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