Top Selling Projects for Govandi East
Mumbai's real estate market has always been a hot spot for investors and homebuyers. The city's fast-paced lifestyle, excellent connectivity, and booming economy make it an ideal location for those who are looking for a luxurious and comfortable lifestyle. If you are planning to invest in Mumbai's real estate market, then Govandi East is an excellent location to consider. This locality is seeing a surge of new projects, and the Top Selling Projects by Value are undoubtedly worth your attention.
The first project on the list is Dotom Domain, which is currently valued at ₹30 Cr. This project offers spacious and luxurious apartments that are designed to provide an opulent lifestyle. The project is equipped with all the modern amenities that one can ask for, including swimming pools, gymnasiums, and landscaped gardens. The location of the project is also a significant advantage, as it is situated in the heart of Govandi East, which is well-connected to other parts of the city.
The second project on the list is Sindhudurg CHS, which is currently valued at ₹1 Cr. This project offers affordable housing options, making it an ideal choice for those who are looking for budget-friendly options. The project is equipped with all the basic amenities that one would need, including 24-hour security, power backup, and water supply. The location of the project is also advantageous, as it is situated in a peaceful and serene locality.
In conclusion, if you are looking for the Top Selling Projects by Value in Mumbai's real estate market, then Govandi East is an excellent location to consider. Both Dotom Domain and Sindhudurg CHS offer luxurious and affordable housing options, respectively, making them ideal choices for investors and homebuyers. So, go ahead and invest in these projects to experience a luxurious and comfortable lifestyle in the heart of Mumbai.
Price Trend For Govandi East
Govandi East is a location that has been witnessing a fluctuating trend in the real estate market. According to the data provided, the average rate per square foot for the location was at its highest in Q1'22, at 8535, and has seen a gradual decline since then. The average rate per square foot in Q2'22 was 8453, followed by a steeper decline in Q3'22, where it was recorded at 7659. It further decreased to 7221 in Q4'22 and was at 7016 in Q1'23.
However, the number of transactions in Govandi East tells a different story. The number of transactions was at its lowest in Q1'22, at 16, and has been on the rise ever since. It increased to 16 in Q2'22, followed by a significant jump to 62 in Q3'22. The number of transactions further increased to 89 in Q4'22 and was at its highest in Q1'23, with 91 transactions.
Overall, while the average rate per square foot has been decreasing, the number of transactions has been on the rise in Govandi East. This trend could be attributed to various factors such as the location's proximity to major business hubs, connectivity to transportation, and the availability of social infrastructure. It is essential to keep an eye on this trend and analyze the factors that could impact the real estate market in Govandi East.
Summary For Govandi East
Location Summary Report: Govandi East
Introduction:
Govandi East is a suburban area located in the eastern part of Mumbai, Maharashtra, India. It is situated between Chembur and Mankhurd and is well-connected to other parts of the city by road and rail. The area is predominantly residential, with a mix of apartments, independent houses, and slums.
Sales Transactions:
According to our research, there were 332 sales transactions in Govandi East in the last six months. This indicates a healthy demand for real estate in the area.
Gross Sales Value:
The gross sales value of properties sold in Govandi East in the last six months is estimated to be around ₹ 36 crore. This indicates that the real estate market in the area is fairly active.
Current Rate/Sq.ft:
The current rate per square foot in Govandi East is ₹ 7,303. This is in line with the average rates for residential properties in Mumbai.
Price Movement:
Our research indicates that there has been a slight dip in property prices in Govandi East in the last six months. The price movement is estimated to be around -₹ 1,231 per square foot. This could be due to various factors such as the COVID-19 pandemic, economic slowdown, and other market conditions.
Conclusion:
Overall, Govandi East is a fairly active real estate market with a healthy demand for properties. While there has been a slight dip in prices in the last few months, the area remains attractive to investors and homebuyers due to its proximity to other parts of Mumbai and its relatively affordable real estate prices. It is recommended that potential buyers and investors conduct further research and analysis before making any investment decisions.
