Summary For Basavangudi
Location Summary Report for Basavangudi:
Basavangudi is a prime residential locality in Bangalore, known for its rich culture and heritage. The area is well-connected to major parts of the city through public transport and has easy access to educational institutions, hospitals, restaurants, and shopping centers.
Rental Rate:
The average rental rate for properties in Basavangudi is ₹48 per square foot. This is a competitive price for the area, and it reflects the high demand for rental properties in the locality.
Sales Transactions:
In the past year, there have been 235 sales transactions in Basavangudi. This indicates that the real estate market in the area is active and there is a high demand for properties.
Gross Sales Value:
The total value of the sales transactions in Basavangudi in the past year is ₹186 crore. This is a significant amount, and it reflects the high demand for properties in the area.
Current Rate/Sq.ft:
The current rate per square foot for properties in Basavangudi is ₹7,053. This is a competitive price for the area, and it indicates that the real estate market in Basavangudi is stable.
Overall, Basavangudi is a highly desirable location for both renters and buyers. The area's rich culture and heritage, coupled with its excellent infrastructure, make it an attractive place to live. With the real estate market in the area showing steady growth, now may be a good time to invest in property in Basavangudi.
Top Selling Projects for Basavangudi
If you're looking to invest in Bangalore's booming real estate market, you'll want to take a closer look at the top selling projects by value in Basavangudi. This desirable location boasts a range of impressive developments with high sale and rent values, making it an excellent choice for both investors and homebuyers.
Leading the pack is Sai Nandana South Avenue, with a current rate of ₹ 7,653 and a sale/rent value of ₹ 6 Cr. This project is followed closely by N R Kaveri Manor, which has a current rate of ₹ 8,203 and a sale/rent value of ₹ 6 Cr. Nandi Aroma, Krishna Springs, and A Few Honest Words round out the top five, with sale/rent values ranging from ₹ 4 Cr to ₹ 5 Cr.
Other notable projects in the area include Rajarajeshware Prashanti Balu Enclave, SVG Manhattan, Arham Residency, Suraj Ganga Orchid, and VGP Sowmya Springs. Each of these developments offers unique features and amenities, and all have sale/rent values of ₹ 2 Cr.
No matter which project you choose, you can rest assured that you'll be investing in a top-quality development in one of Bangalore's most sought-after neighborhoods. With its excellent location, strong rental demand, and rising property values, Basavangudi is a smart choice for your next real estate investment.
Price Trend For Basavangudi
The Location Sales Trend for Basavangudi shows a steady increase in the average rate per square foot for the upcoming quarters. In Q1'22, the average rate per square foot was 6840, which decreased slightly to 6680 in Q2'22. However, the trend seems to be increasing as the average rate per square foot rose to 6798 in Q3'22, and further to 7013 in Q4'22. The trend continues to rise in Q1'23 with an average rate per square foot of 7083.
In terms of the number of transactions, there seems to be a fluctuation in the upcoming quarters. In Q1'22, the number of transactions was 65, which decreased to 56 in Q2'22. However, the trend reversed in Q3'22, where the number of transactions dropped significantly to 42. In Q4'22, the number of transactions further decreased to 37. However, the trend seems to be picking up in Q1'23, with the number of transactions rising to 48.
Overall, the Location Sales Trend for Basavangudi shows a positive trend in terms of the average rate per square foot. However, the number of transactions seem to be fluctuating in the upcoming quarters. It would be interesting to see how these trends continue in the future and if any external factors influence them.
