Summary For Dharavi
Location Summary - Dharavi
Dharavi is a densely populated area located in the heart of Mumbai, Maharashtra. Despite being known for its slums, Dharavi is also home to a large number of small-scale industries, making it a significant contributor to Mumbai's economy.
Sales Transactions: The area has witnessed a total of 410 sales transactions in recent years, indicating a steady demand for real estate in Dharavi.
Gross Sales Value: The gross sales value of real estate in Dharavi amounts to ₹ 146 Crores, highlighting the area's potential as an investment destination.
Current Rate/Sq.ft: The current rate of real estate in Dharavi stands at ₹ 11,555 per square foot, which is relatively affordable compared to other prime locations in Mumbai.
Price Movement: Dharavi has witnessed a steady price movement, with an increase of ₹ 350 per square foot in recent years. This trend indicates a positive growth trajectory for real estate in the area.
Conclusion: Dharavi may not be a conventional investment destination, but it does offer potential opportunities for investors looking for affordable real estate in Mumbai. However, due diligence and expert guidance are crucial for making informed investment decisions in the area.
Top Selling Projects for Dharavi
If you're looking for the top selling projects in Mumbai, look no further than Dharavi. This bustling neighborhood is home to some of the city's most sought-after real estate, with a variety of options to suit every budget and lifestyle.
At the top of the list is Pushpa Pearl Residency, a luxurious development that offers top-of-the-line amenities and stunning views of the city. With a sale value of ₹40 crore, it's no wonder this project is a top seller.
Also popular is Kay Bee Bawa Aashiyaan, which offers spacious, well-appointed apartments at a slightly more affordable price point. At ₹17 crore, it's still a significant investment, but the quality of life it affords is well worth it.
If you're looking for something a bit more budget-friendly, Hanware Heights and Prince Park CHS may be more your style. These projects offer comfortable, modern living at prices of ₹11 crore and ₹10 crore, respectively.
For those who prefer a more modest lifestyle, there are still great options in Dharavi. Prince Tower, Kay Bee Akash, and Samta CHS all offer affordable, comfortable living in the heart of the city.
No matter what your budget or lifestyle, you're sure to find something to love among the top selling projects in Dharavi. So why wait? Start exploring your options today and find your dream home in one of Mumbai's most vibrant neighborhoods.
Price Trend For Dharavi
The Location Sales Trend for Dharavi shows that the average rate per square foot has been on a consistent upward trend in the past few quarters. In Q1'22, the average rate was 11784 Rs/sq.ft, which increased to 12772 Rs/sq.ft in Q1'23. This indicates a healthy demand for properties in Dharavi and could be attributed to its central location in Mumbai and the increasing development in the area.
Another interesting trend to note is the number of transactions that have taken place in Dharavi. In Q1'22, there were only 21 transactions, which increased to 40 transactions in Q1'23. This indicates that buyers are more confident in investing in properties in Dharavi and are actively seeking out opportunities.
Overall, the sales trend in Dharavi is positive, with both the average rate per square foot and the number of transactions increasing over time. This could be a good time for investors to consider investing in properties in Dharavi before prices continue to rise.
