Summary For Jogeshwari West
Location Summary: Jogeshwari West
Jogeshwari West is a popular residential and commercial location in Mumbai. The area has witnessed a steady growth in real estate demand over the years. Below are some key details about the location:
Rental Rate: The average rental rate in Jogeshwari West is ₹73 per square foot.
Sales Transactions: In the past year, there have been 1,542 sales transactions in Jogeshwari West.
Gross Sales Value: The total gross sales value of real estate transactions in Jogeshwari West is estimated to be ₹1,185 crores.
Current Rate/Sq.ft: The current rate per square foot for real estate in Jogeshwari West is ₹19,780.
Overall, Jogeshwari West is a desirable location for both residential and commercial properties, with a strong demand for real estate and high sales value.
Price Trend For Jogeshwari West
Location Sales Trend: Jogeshwari West
Jogeshwari West is a prominent locality situated in the western suburbs of Mumbai, known for its excellent connectivity to various parts of the city. The area is witnessing a surge in demand for residential and commercial properties due to its strategic location and infrastructural development. Let's take a look at the sales trend in Jogeshwari West.
Average Rate/Sq.Ft:
As per the data provided, the average rate per square foot for properties in Jogeshwari West has been consistently decreasing since Q1'22. In the first quarter of 2022, the average rate per square foot was 23985, which decreased to 23024 in Q2'22, and further declined to 22246 in Q3'22. The trend continued in Q4'22, with the average rate per square foot dropping to 22063. In the first quarter of 2023, the average rate per square foot was 21421. This indicates that there has been a decreasing trend in property prices in Jogeshwari West.
No of Transactions:
The number of transactions in Jogeshwari West has been fluctuating as per the data provided. In Q1'22, there were 229 transactions, which decreased to 150 in Q2'22. However, there was a significant increase in the number of transactions in Q3'22, which rose to 162. In Q4'22, the number of transactions increased further to 250. In the first quarter of 2023, the number of transactions increased significantly to 362. This indicates that the demand for properties in Jogeshwari West has been increasing.
Overall, the data suggests that there has been a decreasing trend in property prices in Jogeshwari West. However, the increasing number of transactions indicates that the demand for properties in this locality is on the rise. The decreasing prices can be a good opportunity for buyers to invest in properties in Jogeshwari West.
Top Selling Projects for Jogeshwari West
Mumbai's Jogeshwari West is the go-to location for real estate investors who want to make a sound investment. The area has some of the top-selling projects by value, which are sure to provide a high return on investment. Here are some of the best projects in the area:
1. Lodha Patel Estate: This project is leading the pack with a sale/rent value of Rs. 130 crore. The current rate is Rs. 30,249, and the change value is a positive Rs. 4,187. It's a luxurious residential project that provides residents with a grand lifestyle.
2. Sunteck City Avenue 4: Another popular project in the area is Sunteck City Avenue 4, with a sale/rent value of Rs. 102 crore. The current rate is Rs. 29,074, and the change value is a positive Rs. 3,122. The project offers spacious apartments with world-class amenities.
3. Integrated Ramicon: With a sale/rent value of Rs. 100 crore, this project is a popular choice among investors. The current rate is Rs. 21,775, and the change value is not available. The project offers premium apartments with modern amenities.
4. Sunteck City Avenue 1: This project has a sale/rent value of Rs. 80 crore. The current rate is Rs. 22,528, and the change value is a negative Rs. 73. The project offers luxurious apartments with world-class amenities.
5. Lotus Residency: Another popular project in the area is Lotus Residency, with a sale/rent value of Rs. 72 crore. The current rate is Rs. 19,624, and the change value is a negative Rs. 282. The project offers spacious apartments with modern amenities.
6. Level The Residences: With a sale/rent value of Rs. 51 crore, this project offers luxurious apartments at an affordable price. The current rate is Rs. 18,156, and the change value is not available.
7. Ahuja Lamor: This project has a sale/rent value of Rs. 50 crore. The current rate is Rs. 16,861, and the change value is a negative Rs. 1,153. The project offers luxurious apartments with modern amenities.
8. Lashkaria Pearl: This project has a sale/rent value of Rs. 36 crore. The current rate is Rs. 19,251, and the change value is not available. The project offers premium apartments with modern amenities.
9. Roswalt Zaiden: Another popular project in the area is Roswalt Zaiden, with a sale/rent value of Rs. 32 crore. The current rate is Rs. 19,893, and the change value is not available. The project offers luxurious apartments with modern amenities.
10. Sunteck City Avenue 2: This project has a sale/rent value of Rs. 30 crore. The current rate is Rs. 25,288, and the change value is a positive Rs. 4. The project offers luxurious apartments with world-class amenities.
In conclusion, Jogeshwari West in Mumbai is a great location for real estate investors looking for top-selling projects by value. These projects offer luxurious apartments with modern amenities and high returns on investment.
