Summary For Binnipete
Location Summary: Binnipete
Binnipete is a prime location in Bangalore, known for its excellent connectivity and infrastructure. The area is predominantly commercial, with a mix of office buildings, retail spaces, and residential properties.
Rental Rate: The rental rate in Binnipete is ₹ 36 per square foot. This is in line with the average rental rates in other commercial areas of Bangalore.
Sales Transactions: In the past year, there were 154 sales transactions in Binnipete. This indicates a healthy demand for properties in the area, both for commercial and residential purposes.
Gross Sales Value: The gross sales value of properties in Binnipete was ₹ 90 Crores in the last year. This is a significant amount, and it highlights the popularity of the area among investors and buyers.
Current Rate/Sq.ft: The current rate per square foot in Binnipete is ₹ 6,230. This price is slightly higher than the average rate in other commercial areas of Bangalore, but it is justified by the location's excellent connectivity and amenities.
Overall, Binnipete is a desirable location for commercial properties in Bangalore, with a high demand for both rentals and sales. The area's excellent infrastructure and connectivity make it an attractive option for businesses and investors looking for properties in the city.
Top Selling Projects for Binnipete
Bangalore, the bustling city in the southern part of India, is known for its rapid development in the real estate sector. The city is home to some of the top-selling projects that offer luxurious amenities and contemporary designs. One such project that stands out in the crowd is ETA The Gardens, located in Binnipete.
ETA The Gardens is a premium residential project that boasts of contemporary architecture and world-class amenities. The project offers spacious 3 and 4 BHK apartments that are designed to cater to the needs of modern-day living. The apartments are equipped with the latest fittings and fixtures, ensuring a comfortable and luxurious lifestyle for its residents.
The project's location in Binnipete is an added advantage, as it is well connected to all major parts of the city. The area is known for its peaceful surroundings and proximity to important landmarks such as hospitals, schools, and shopping malls.
ETA The Gardens is a top-selling project in Bangalore, known for its value proposition. The current rate of the project is ₹3,398 per square foot, making it an attractive investment option for both end-users and investors. The sale value of the project is also impressive, with apartments selling for a whopping ₹3 crores.
In conclusion, ETA The Gardens is one of the top-selling projects in Bangalore, offering a perfect blend of luxury, comfort, and convenience. The project's location, amenities, and value proposition make it an ideal investment option for those looking for a premium living experience in the heart of the city.
Price Trend For Binnipete
Location Sales Trend: Binnipete
Binnipete is a promising location for real estate investments due to its strategic location and growing infrastructure. The real estate market in Binnipete has shown steady growth in recent years. Let's take a look at the location sales trend of Binnipete to understand the price and demand trend.
As per the data provided, the average rate per square foot in Binnipete was 6868 INR in Q1'22 and gradually increased to 7501 INR in Q2'22. In Q3'22, it saw a significant rise to 8416 INR and then dropped to 8168 INR in Q4'22. In Q1'23, it further decreased to 7621 INR. This indicates that the location has seen good appreciation in the past few quarters and is currently experiencing a slight dip.
When we look at the number of transactions, we see that in Q1'22, there were 14 transactions. This number gradually increased to 18 in Q2'22 and then decreased to 16 in Q3'22. It again increased to 18 in Q4'22 and then saw a significant rise to 23 in Q1'23. This implies that the demand for properties in Binnipete is on the rise, which is a positive sign for investors.
Overall, the location sales trend of Binnipete shows that it is a growing real estate market with good potential for appreciation. The dip in average rate per square foot in Q1'23 could be an opportunity for investors to make a profitable investment.
