Property Rates in Kanjurmarg West Mumbai

Mumbai's real estate market is one of the most dynamic and lucrative in India. If you're looking to invest in property in Mumbai, Kanjurmarg West is the location you should consider. This area is one of the fastest-growing and most sought-after in the city, with excellent connectivity to other parts of Mumbai.

Here are the top selling projects by value in Kanjurmarg West:

1. Runwal Forests: This project is a luxurious residential development by Runwal Group. It offers 1, 2, and 3 BHK apartments with world-class amenities and facilities. The project has a current rate of ₹19,034 per sq. ft. and a sale value of ₹99 Cr. It has recently witnessed a change in value of -₹105.

2. Ashwin Sheth Avante: This project is a premium residential development by Ashwin Sheth Group. It offers 1, 2, and 3 BHK apartments with modern amenities and facilities. The project has a current rate of ₹20,844 per sq. ft. and a sale value of ₹33 Cr. It has recently witnessed a change in value of +₹1,603.

3. Avanti Building: This project is a commercial development by Avanti Group. It offers office spaces and commercial units with modern amenities and facilities. The project has a sale value of ₹2 Cr.

These projects are among the most sought-after in Kanjurmarg West due to their prime location, excellent amenities, and facilities. Investing in these projects is a wise decision for those who want to own a property in Mumbai's real estate market.

Introduction:

This research report provides an overview of the real estate market in Kanjurmarg West, Mumbai. The report includes details on rental rates, sales transactions, gross sales value, and current rate per square foot.

Location Summary:

Kanjurmarg West is a prime location in Mumbai and has seen a significant increase in demand for both residential and commercial properties. The area is well-connected to other parts of the city through major roads and public transportation.

Details:

Rental Rate:

The rental rate in Kanjurmarg West is ₹ 55 per square foot. This rate is competitive with other prime locations in Mumbai.

Sales Transactions:

There have been 421 sales transactions in Kanjurmarg West in the past year. This indicates a high demand for properties in the area.

Gross Sales Value:

The gross sales value of properties in Kanjurmarg West is ₹ 415 crore. This is a significant amount and indicates a growing real estate market in the area.

Current Rate/Sq.ft:

The current rate per square foot in Kanjurmarg West is ₹ 19,609. This is a good indication of the overall value of properties in the area.

Conclusion:

Kanjurmarg West is a prime location in Mumbai and has seen a significant increase in demand for both residential and commercial properties. The rental rate, sales transactions, gross sales value, and current rate per square foot are all competitive with other prime locations in Mumbai. This makes Kanjurmarg West a great option for investors and property buyers looking for a good return on investment.

The location sales trend for Kanjurmarg West shows a promising growth trajectory. The average rate per square foot has been steadily increasing, starting at 19145 in Q1'22 and reaching 19523 in Q1'23. This indicates a healthy demand for properties in this area.

Additionally, the number of transactions in Kanjurmarg West has also been steadily increasing, with 239 transactions in Q1'22 and reaching a peak of 40 transactions in Q1'23. This could be attributed to the growth and development of the area, making it an attractive location for real estate investments.

Investors and buyers looking to invest in Kanjurmarg West can expect a positive return on investment in the coming years. This location trend is a good sign for the real estate market in the area, indicating a strong demand for properties and a positive outlook on the future growth of the area.