Summary For Bhuleshwar
Location Summary Report: Bhuleshwar
Introduction:
Bhuleshwar is a bustling neighbourhood located in South Mumbai. It is known for its wholesale markets, textile shops and jewellery stores. The area is well-connected to other parts of the city through various modes of transportation.
Sales Transactions:
In the past year, there have been 100 sales transactions in Bhuleshwar. This indicates a healthy demand for properties in the area.
Gross Sales Value:
The total gross sales value of properties sold in Bhuleshwar in the past year is ₹ 74 crores. This indicates that the real estate market in the area is thriving and there is a significant investment potential.
Current Rate/Sq.ft:
The current rate per square foot in Bhuleshwar is ₹ 20,192. This is considered to be a reasonable price range for a prime location in Mumbai.
Price Movement:
The real estate market in Bhuleshwar has seen a positive price movement of ₹ 71 in the past year. This indicates that property prices in the area are on an upward trend and could potentially provide good returns on investment in the future.
Conclusion:
Bhuleshwar is a prime location in Mumbai with a thriving real estate market. The area's proximity to other key locations and the demand for properties make it an attractive investment destination. With a positive price movement in the past year, Bhuleshwar could potentially offer good returns on investment in the future.
Price Trend For Bhuleshwar
Location Sales Trend: Bhuleshwar
Bhuleshwar is a bustling area in South Mumbai, known for its vibrant markets and historical temples. The real estate market in this area has been relatively stable in the past few years, with moderate price fluctuations. Let's take a closer look at the location sales trend in Bhuleshwar.
Average Rate/Sq.Ft:
According to the data provided, the average rate per square foot in Bhuleshwar for Q1'22 was 20667, which increased slightly to 20890 in Q2'22 and further to 20998 in Q3'22. However, there was a dip in the fourth quarter of 2022, with the average rate dropping to 21366. Q1'23 saw a slight decline in the average rate, with the value at 20738. Overall, we can see that the average rate per square foot in Bhuleshwar has been relatively stable in the given quarters.
No of Transactions:
The data also reveals the number of transactions in Bhuleshwar for each quarter. In Q1'22, there were 15 transactions, which decreased to 11 in Q2'22 and remained the same in Q3'22. However, there was a significant drop in the number of transactions in Q4'22, with only six deals taking place. The first quarter of 2023 saw a spike in the number of transactions, with the value rising to 19.
In conclusion, the location sales trend in Bhuleshwar has been stable in terms of average rate per square foot, with moderate fluctuations. However, the number of transactions has been more volatile, with significant drops and sudden rises in the given quarters. It is important to note that these trends are subject to change based on various factors such as demand, supply, and market conditions.
Top Selling Projects for Bhuleshwar
Mumbai's Bhuleshwar area has some of the most exciting real estate projects in the city. Here are the top selling projects by value in the locality:
1. Rubberwala Nebula: This project has seen a rise in its value by ₹ 567 and is currently priced at ₹ 22,359 per square foot. The project offers luxurious apartments and commercial spaces. With a sale/rent value of ₹ 17 crore, Rubberwala Nebula is one of the most sought-after projects in Bhuleshwar.
2. Buildwell Chandan Signature: Despite a slight decrease in its value by ₹ 119, Buildwell Chandan Signature is still a popular choice among buyers. The current rate is ₹ 19,533 per square foot, and the project offers spacious apartments with modern amenities. The sale/rent value of this project is ₹ 9 crore.
3. Shree Jaya Building: One of the latest projects in Bhuleshwar, Shree Jaya Building is priced at ₹ 20,642 per square foot. The project offers a range of apartments with state-of-the-art facilities. With a sale/rent value of ₹ 6 crore, Shree Jaya Building is a promising investment opportunity.
4. Nina Fortune Rise: Although the value of this project has decreased by ₹ 1,483, Nina Fortune Rise continues to attract buyers. The current rate is ₹ 20,036 per square foot, and the project offers luxurious apartments with modern amenities. The sale/rent value of Nina Fortune Rise is ₹ 3 crore.
5. Neo Amity: The project is priced at ₹ 20,232 per square foot and offers spacious apartments with modern facilities. With a sale/rent value of ₹ 3 crore, Neo Amity is a promising investment opportunity.
In conclusion, Bhuleshwar's real estate market is booming with exciting projects. These top selling projects offer luxurious living spaces with modern amenities and a promising return on investment.
