Price Trend For Govindpuram
Location Sales Trend: Govindpuram
Govindpuram is a prominent locality in Ghaziabad, known for its well-planned residential colonies and excellent connectivity to major areas of the city. As per the data provided, the average rate per square foot in Govindpuram has seen a slight decline in the first quarter of 2022, but it has remained stable in the following quarters. However, there has been a significant drop in the number of transactions in the fourth quarter of 2022.
In the first quarter of 2022, the average rate per square foot in Govindpuram was 2637, which decreased slightly to 2589 in the second quarter. However, it rose again to 2602 in the third quarter and remained stable at 2511 in the fourth quarter. This shows that the locality has maintained its stability in terms of property prices.
On the other hand, the number of transactions in Govindpuram has seen a decline in the fourth quarter of 2022. In the first three quarters of 2022, the number of transactions was consistent at around 24. However, in the fourth quarter, it dropped significantly to 2. This could be due to various factors, such as a slowdown in the real estate market or a preference for other localities.
In conclusion, Govindpuram has remained stable in terms of property prices, but the drop in the number of transactions in the fourth quarter of 2022 could be a cause for concern. However, it is important to note that the real estate market is always subject to fluctuations, and it is essential to keep a close watch on the trends to make informed decisions.
Top Selling Projects for Govindpuram
Ghaziabad's Govindpuram locality is home to some of the most sought-after residential projects in the area. If you're looking for a top-selling project by value, you need not look any further than Radha Krishna Enclave and SG Benefit.
Radha Krishna Enclave is a luxurious residential complex that offers spacious and well-designed apartments. The project boasts of modern amenities such as a clubhouse, swimming pool, gym, and landscaped gardens. With a current rate of ₹2,907 per square foot, the project has seen a rise in value by ₹677 per square foot. The sale or rent value of the apartments in this project is around ₹1 crore, making it a popular choice among homebuyers.
SG Benefit is another top-selling project in the Govindpuram locality. The project offers elegantly designed apartments with modern amenities such as a clubhouse, swimming pool, and landscaped gardens. While the current rate and change value of the project are not mentioned, the sale or rent value of the apartments is around ₹1 crore, making it a great investment opportunity.
Overall, if you're looking for a top-selling project by value in Ghaziabad's Govindpuram locality, Radha Krishna Enclave and SG Benefit should definitely be on your radar. With luxurious amenities and spacious apartments, these projects offer a great living experience for their residents.
Summary For Govindpuram
Location Summary: Govindpuram
Govindpuram is a residential area located in Ghaziabad, Uttar Pradesh. The area has seen a significant rise in real estate development over the past few years due to its proximity to the national capital region and good connectivity with major highways and public transport.
Rental Rate: The average rental rate in Govindpuram is ₹ 24 per square foot. This rate is affordable and attracts many tenants who are looking for budget-friendly accommodation.
Sales Transactions: The area has witnessed 67 sales transactions in the last year. This indicates a healthy real estate market with a good demand for properties in the area.
Gross Sales Value: The gross sales value of properties in Govindpuram is around ₹ 12 crore. This value shows that there is a considerable amount of investment in the area, which indicates that the area is a good option for real estate investment.
Current Rate/Sq.ft: The current rate per square foot in Govindpuram is ₹ 2,534. This rate is reasonably priced, making it a suitable location for buyers who are looking for affordable properties.
Overall, Govindpuram is a promising location for real estate investment. The area has seen steady growth in recent years, and the affordable rental rates and sales transactions make it an attractive option for both tenants and buyers.
