Summary For Jalahalli
Location Summary: Jalahalli
Jalahalli is a residential locality located in the northern part of Bangalore. The area is well-connected to other parts of the city through various modes of transport such as buses, trains, and metro. The locality is also in close proximity to major IT parks and commercial hubs, making it a popular choice among professionals working in these areas.
Sales Transactions:
According to the data available, there were 146 sales transactions in Jalahalli. This indicates a healthy demand for properties in the locality.
Gross Sales Value:
The gross sales value of the properties sold in Jalahalli is ₹ 110 Crores. This is a significant amount and highlights the popularity of the locality among buyers.
Current Rate/Sq.ft:
The current rate per square foot in Jalahalli is ₹ 5,206. This is a reasonable price range considering the location and amenities available in the area.
Price Movement:
The price movement in Jalahalli has been positive with an increase of ₹ 107. This indicates that the demand for properties in the locality is growing, which is a positive sign for investors.
Overall, Jalahalli is a promising locality for real estate investments, with good connectivity and proximity to major commercial hubs. The healthy demand and positive price movement make it a suitable option for investors looking for long-term gains.
Top Selling Projects for Jalahalli
If you're looking for a top-notch project in Bangalore, you may want to consider the following top-selling projects by value in Jalahalli:
1. Cubatic Shimul Aloha: This project is currently selling at a rate of ₹4,551 per square foot, with a sale or rental value of ₹8 crore. The project has seen a positive change in value of ₹152.
2. Soundarya Paradise: This project is currently selling at a rate of ₹5,564 per square foot, with a sale or rental value of ₹4 crore. The project has seen a positive change in value of ₹550.
3. SLV Parkview: This project is currently selling at a rate of ₹5,280 per square foot, with a sale or rental value of ₹4 crore. The project has seen a positive change in value of ₹402.
4. The Orchard: This project is currently selling at a rate of ₹5,169 per square foot, with a sale or rental value of ₹3 crore. The project has not seen any change in value.
5. Prestige Kensington Gardens: This project is currently selling at a rate of ₹5,573 per square foot, with a sale or rental value of ₹3 crore. The project has seen a positive change in value of ₹413.
6. Prestige Wellington Park: This project has a sale or rental value of ₹2 crore, but no current rate or change in value is listed.
All of these projects are located in Jalahalli, a popular area in Bangalore. With a variety of options to choose from, you're sure to find a project that suits your needs and budget.
Price Trend For Jalahalli
Jalahalli, a residential locality in Bangalore, experienced a steady increase in average rate/sq.ft in the first quarter of 2022. The average rate/sq.ft was recorded at 4894, which increased to 4979 in the second quarter and further surged to 5209 in the third quarter of 2022. The fourth quarter of 2022 saw a slight dip in the average rate/sq.ft, which was recorded at 5135. However, the first quarter of 2023 witnessed a rise in the average rate/sq.ft, which was recorded at 5227.
On the other hand, the number of transactions in Jalahalli witnessed a significant decline in the first quarter of 2022, with only 68 transactions recorded. However, the second quarter of 2022 witnessed a sharp drop in the number of transactions, with only 14 transactions recorded. The third quarter of 2022 saw a slight increase in the number of transactions, with 11 transactions recorded. The fourth quarter of 2022 also witnessed a decline in the number of transactions, with only 8 transactions recorded. The first quarter of 2023 recorded the lowest number of transactions, with only 2 transactions recorded.
In conclusion, Jalahalli witnessed a steady increase in the average rate/sq.ft, while the number of transactions saw a significant decline during the period from the first quarter of 2022 to the first quarter of 2023. This trend indicates that the demand for residential properties in Jalahalli is on the rise, leading to an increase in the average rate/sq.ft. However, the decline in the number of transactions suggests that the supply of residential properties in Jalahalli is limited.
