Price Trend For Borivali West
Location Sales Trend: Borivali West
Borivali West is a popular residential area in Mumbai, known for its serene environment and excellent connectivity. Let's take a look at the recent location sales trend in Borivali West.
Average Rate/Sq.Ft:
The average rate per square foot in Borivali West has been steadily increasing over the past few quarters. In Q1'22, the average rate was 19630 per sq. ft, which increased to 20018 in Q2'22 and 20360 in Q3'22. However, in Q4'22, there was a slight dip in the average rate, with it being 20210 per sq. ft. Nonetheless, it picked up again in Q1'23, with the average rate being 20539 per sq. ft.
No of Transactions:
The number of transactions in Borivali West has also seen a steady increase over the past few quarters. In Q1'22, there were 210 transactions, which increased to 260 in Q2'22 and 280 in Q3'22. In Q4'22, there was a significant jump in the number of transactions, with it being 287. The number of transactions in Q1'23 increased even further, with it being 379.
Conclusion:
Overall, the location sales trend in Borivali West has been positive, with both the average rate per sq. ft and the number of transactions increasing steadily. It is a good time for potential buyers to invest in the area, as it is likely to yield good returns in the future.
Summary For Borivali West
Location Summary for Borivali West:
Borivali West is a popular residential locality in Mumbai, Maharashtra. The location boasts of good connectivity and proximity to essential amenities such as schools, hospitals, shopping centers, and entertainment zones. Here are some key highlights of the area:
Rental Rate: The average rental rate in Borivali West is ₹49 per square foot. This rate is competitive in comparison to other localities in Mumbai.
Sales Transactions: In the last year, there were 3,226 sales transactions in Borivali West. This indicates a high demand for properties in the area and a buoyant real estate market.
Gross Sales Value: The total gross sales value in Borivali West was ₹3,172 Crores. This reflects a strong growth trajectory in the real estate market.
Current Rate/Sq.ft: The current rate per square foot of property in Borivali West is ₹18,600. This rate is competitive in comparison to other localities in Mumbai.
In conclusion, Borivali West is a popular residential locality with a robust real estate market. The location's strategic location, good connectivity, and proximity to essential amenities make it an attractive destination for homebuyers and investors alike.
Top Selling Projects for Borivali West
If you are looking for top projects to invest in Mumbai, Borivali West is the place to be. Here are the top selling projects by value in this location:
1. Khandelwal Reserve: With a sale rent value of ₹128 Cr., Khandelwal Reserve is a luxurious project that offers world-class amenities. The current rate is ₹19,741 per sq. ft.
2. Arkade Crown: Another premium project in Borivali West, Arkade Crown boasts of spacious apartments and contemporary architecture. The sale rent value is ₹74 Cr., and the current rate is ₹29,534 per sq. ft.
3. Karmvir Saraswati: A project that blends comfort and convenience, Karmvir Saraswati offers a sale rent value of ₹62 Cr. The current rate is ₹19,327 per sq. ft.
4. DSD Aura: With a current rate of ₹21,055 per sq. ft., DSD Aura is a project that is gaining popularity among investors. The sale rent value is ₹41 Cr.
5. Shivoham Avyukta Neelkamal: A project that offers luxurious living spaces, Shivoham Avyukta Neelkamal has a sale rent value of ₹36 Cr. The current rate is ₹27,635 per sq. ft.
6. Royal Eksar Apartment: A project that offers a blend of luxury and affordability, Royal Eksar Apartment has a sale rent value of ₹33 Cr. The current rate is ₹19,033 per sq. ft.
7. 21 Square: With a current rate of ₹17,853 per sq. ft., 21 Square is a project that is attracting investors with its modern amenities and strategic location. The sale rent value is ₹30 Cr.
8. Rishabraj Phoenix: A project that offers premium living spaces, Rishabraj Phoenix has a sale rent value of ₹27 Cr. The current rate is ₹23,226 per sq. ft.
9. Harshmaan Crescent Heights: A project that boasts of spacious and well-designed apartments, Harshmaan Crescent Heights has a sale rent value of ₹27 Cr. The current rate is ₹26,010 per sq. ft.
10. Agarwal Palazzo: With a current rate of ₹20,642 per sq. ft., Agarwal Palazzo is a project that offers a blend of luxury and affordability. The sale rent value is ₹26 Cr.
Investing in these top projects in Borivali West can be a smart move for investors looking for high returns and luxurious living spaces.
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