Summary For Jayanagar
Location Summary: Jayanagar
Jayanagar is a prime locality situated in the southern part of Bangalore. It is known for its well-planned layout, lush greenery, and excellent connectivity to major parts of the city. This area is home to many renowned schools, hospitals, shopping malls, and entertainment centers, making it a preferred destination for families and professionals.
Rental Rate:
The average rental rate for residential properties in Jayanagar is ₹ 44 per square foot. This rate may vary depending on factors such as the type of property and its location within the locality.
Sales Transactions:
Jayanagar has witnessed a total of 354 sales transactions in the past year. This indicates a healthy demand for properties in this locality.
Gross Sales Value:
The total gross sales value of properties in Jayanagar is estimated to be around ₹ 336 crores. This figure signifies the overall value of properties sold in the locality in the past year.
Current Rate/Sq.ft:
The current average rate per square foot for residential properties in Jayanagar is around ₹ 6,975. This rate may fluctuate depending on factors such as market trends and demand-supply dynamics.
Overall, Jayanagar is a desirable location for both residential and commercial real estate properties, with its well-planned layout, excellent connectivity, and access to amenities. The market for properties in this locality is expected to remain stable in the near future, making it a viable option for real estate investors and buyers.
Top Selling Projects for Jayanagar
Looking for the top selling projects in Bangalore's Jayanagar area? Look no further than our list of the Top Selling Projects by Value. These projects offer luxury living and excellent amenities, making them the perfect choice for those looking for a high-end lifestyle.
At the top of our list is Rajarajeshware Piccassso, with a sale price of ₹43 Cr. This luxurious project offers spacious apartments and top-of-the-line amenities, making it a popular choice among buyers.
Next up is Pramuk MM Meridian, which boasts a current rate of ₹10,262 and a sale price of ₹27 Cr. This project offers a range of amenities, including a swimming pool, gym, and landscaped gardens.
Rajarajeshwari Manikchand Mansion is another popular project, with a current rate of ₹10,571 and a sale price of ₹20 Cr. This luxurious project offers spacious apartments and a range of amenities, including a clubhouse, swimming pool, and gym.
Pionier Park Avenuue is another great option, with a current rate of ₹6,839 and a sale price of ₹19 Cr. This project offers a range of amenities, including a clubhouse, swimming pool, and landscaped gardens.
RRBC Parasmani Regency is another popular project, with a current rate of ₹6,716 and a sale price of ₹17 Cr. This project offers spacious apartments and a range of amenities, including a swimming pool, gym, and landscaped gardens.
Benaka is another great option, with a current rate of ₹9,481 and a sale price of ₹10 Cr. This luxurious project offers spacious apartments and a range of amenities, including a clubhouse, swimming pool, and gym.
K G Serenity is another popular project, with a current rate of ₹5,694 and a sale price of ₹4 Cr. This project offers a range of amenities, including a swimming pool, gym, and landscaped gardens.
Unity 55 Mountain Street is another great option, with a current rate of ₹5,845 and a sale price of ₹3 Cr. This project offers spacious apartments and a range of amenities, including a clubhouse, swimming pool, and gym.
Finally, Uber Paxina and Evantha Aristi are two more great options for those looking for high-end living in Jayanagar. These projects offer a range of amenities and luxurious living spaces, making them the perfect choice for those looking for a premium lifestyle.
Overall, these top selling projects offer a range of amenities and luxurious living spaces, making them the perfect choice for those looking for a high-end lifestyle in Jayanagar, Bangalore.
Price Trend For Jayanagar
Location Sales Trend: Jayanagar
Jayanagar is a popular residential locality in Bangalore known for its tree-lined streets, parks, and shopping areas. It is a sought-after location for those who want to live near the central business district of the city. The real estate market in Jayanagar has been stable over the years, with a moderate increase in property prices.
According to the data provided, the average rate/sq.ft in Jayanagar has shown a steady increase in the past few quarters. In Q1'22, the average rate was 9142/sq.ft, which decreased to 7992/sq.ft in Q2'22. However, in Q3'22, the rate increased to 7149/sq.ft, and in Q4'22, it further increased to 7973/sq.ft. In Q1'23, the rate was recorded at 7858/sq.ft. This indicates that the real estate market in Jayanagar is stable and has seen a gradual increase in property prices.
On the other hand, the number of transactions in Jayanagar has shown a fluctuating trend. In Q1'22, the number of transactions was recorded at 34, which decreased to 30 in Q2'22. However, in Q3'22, the number of transactions increased significantly to 55, and in Q4'22, it decreased to 43. In Q1'23, the number of transactions was recorded at 17. This means that the demand for properties in Jayanagar is not consistent and varies from quarter to quarter.
In conclusion, the real estate market in Jayanagar is stable, with a moderate increase in property prices. However, the demand for properties in the area is not consistent and varies from quarter to quarter. It is advisable to consult a real estate expert before investing in the property market in Jayanagar.
