Summary For Bandra West
Location Summary: Bandra West
Bandra West is a prime location in Mumbai that is known for its luxurious residential properties, high-end shopping malls, and trendy restaurants. The area is situated close to the Arabian Sea and offers a beautiful sea view to its residents.
Rental Rate: The rental rate in Bandra West is around ₹ 134 per sq. ft. This is considered to be high, but it is justified by the area's location and the amenities it offers.
Sales Transactions: The number of sales transactions that took place in Bandra West is around 524. This indicates a high demand for properties in this area.
Gross Sales Value: The gross sales value of properties in Bandra West is around ₹ 1,587 Cr. This is a significant amount, indicating that the real estate market in this area is quite active.
Current Rate/Sq.ft: The current rate per sq. ft. in Bandra West is around ₹ 44,554. This is a premium price, but it is justified by the area's location, amenities, and high demand.
Overall, Bandra West is a highly sought-after location in Mumbai's real estate market. Its prime location, luxurious properties, and high-end amenities make it a desirable place to live.
Top Selling Projects for Bandra West
Looking for top-selling projects in Mumbai's Bandra West area? Look no further than the Top Selling Projects by Value.
With a range of impressive projects to choose from, including MJ 81 Aureate, Cassias Apartment, and Notandas Casa Pali, this list of top-value projects is sure to impress.
MJ 81 Aureate, for example, boasts a current rate of ₹50,023 and a sale/rent value of ₹102 Cr., making it an excellent investment opportunity for those looking to maximize their returns.
Other notable projects on the list include Ekta West Bay, Rendezvous Apartment, and Harekrushna Urban Waves, each offering unique features and benefits for potential buyers.
So whether you're a seasoned investor or a first-time buyer, be sure to check out the Top Selling Projects by Value in Bandra West for your next dream home or investment opportunity.
Price Trend For Bandra West
Location Sales Trend - Bandra West
Bandra West is one of the most sought-after residential areas in Mumbai. It is known for its vibrant nightlife, high-end restaurants, and shopping destinations. The location has witnessed a steady increase in property prices over the years, making it an attractive investment option for homebuyers and investors alike.
According to the data provided, the average rate per square foot in Bandra West was 43,049 INR in Q1'22. The price trend continued to rise in Q2'22 with an average rate of 45,944 INR per square foot. The trend continued to grow in Q3'22, with an average rate of 47,823 INR per square foot. However, in Q4'22, the average rate dropped to 46,093 INR per square foot. The trend then picked up in Q1'23, with an average rate of 46,636 INR per square foot.
On the other hand, the number of transactions in Bandra West increased from 44 in Q1'22 to 53 in Q2'22. The trend continued to rise in Q3'22, with 60 transactions. However, in Q4'22, the number of transactions dropped to 27. The trend then picked up in Q1'23, with 58 transactions.
In conclusion, the location sales trend in Bandra West shows mixed results in terms of property prices and number of transactions. However, the overall trend shows a positive growth trajectory, making it a lucrative investment option for those looking to buy property in Mumbai.
