Price Trend For Jakkuru
Jakkuru, a popular locality in Bangalore, has seen a steady increase in real estate prices in recent times. According to the data provided, the average rate per square foot has shown a consistent upward trend. In Q1'22, the average rate per square foot was 6482, which increased slightly to 6527 in Q3'22. However, there was a slight dip in Q2'22, but the prices bounced back in Q4'22 at 6742. The first quarter of 2023 also showed a promising trend with the average rate per square foot standing at 6545.
Apart from the average rate per square foot, the number of transactions in Jakkuru has also seen a fluctuating trend. In Q1'22 and Q2'22, the number of transactions remained consistent at 16. However, there was a sharp decline in Q3'22, with only 13 transactions taking place. The number of transactions increased marginally to 14 in Q4'22. However, the first quarter of 2023 saw a significant surge in the number of transactions with 21 recorded.
These numbers indicate that Jakkuru is a sought-after location for real estate investments, with a steady rise in property prices. Despite the fluctuating trend in the number of transactions, the overall trend remains positive, indicating that Jakkuru is a promising investment destination.
Top Selling Projects for Jakkuru
Bangalore, known as the Silicon Valley of India, has always been a hub for real estate investments. Jakkuru, a rapidly developing area in Bangalore, is now home to some of the most sought-after residential projects in the city. Here are the top selling projects in Jakkuru that offer the best value for your investment.
1. HRC Ibbani - This luxurious residential project offers spacious apartments with modern amenities. The project is located in a prime location in Jakkuru and is close to major IT parks, hospitals, and schools. With a current rate of ₹6,042 per sqft, the project offers a great investment opportunity. The sale/rent value of the apartments starts at ₹2 Cr.
2. Citrus Aries Lakeview - This premium residential project is located in the heart of Jakkuru and offers a stunning view of the lake. The project has spacious apartments with world-class amenities such as a swimming pool, gym, and landscaped gardens. The sale/rent value of the apartments starts at ₹2 Cr.
3. Thirumala Residency - This project offers affordable yet luxurious apartments in Jakkuru. The project is located in a peaceful and serene location, away from the hustle and bustle of the city. The current rate of the apartments is ₹4,455 per sqft, making it a great investment opportunity. The sale/rent value of the apartments starts at ₹1 Cr.
Investing in these top selling projects in Jakkuru is a smart decision as they offer great value for your investment. These projects are located in prime locations, have modern amenities, and offer a luxurious lifestyle. So, if you are looking for a residential project in Jakkuru, these top selling projects are definitely worth considering.
Summary For Jakkuru
Location Summary: Jakkuru
Jakkuru is a rapidly developing locality in the northern part of Bangalore. It is situated close to the Bangalore International Airport and is well-connected to other parts of the city through NH-44 and Bellary Road. The area is known for its peaceful environment and greenery, making it an ideal location for residential purposes.
Sales Transactions:
In the last year, there have been 80 sales transactions in Jakkuru. This indicates a steady demand for properties in the area.
Gross Sales Value:
The total gross sales value of properties in Jakkuru is estimated to be ₹ 69 Cr. This is a significant amount, highlighting the potential of the area for real estate investments.
Current Rate/Sq.ft:
The current rate per square foot in Jakkuru is ₹ 6,384. This is a reasonable rate considering the location and the amenities available in the area.
Price Movement:
Over the past year, the price of properties in Jakkuru has witnessed a positive movement with an increase of ₹ 237 per square foot. This indicates a positive trend in the real estate market in the area, making it a lucrative investment option.
Overall, Jakkuru is a promising location for real estate investments with steady demand, reasonable rates, and positive price movements.
