Top Selling Projects for Mahadevpura
If you're looking for top-selling projects in Bangalore's Mahadevpura locality, then you've come to the right place. We have compiled a list of the most valuable projects in the area, each offering something unique to potential buyers.
Leading the pack is DNR Casablanca, a luxurious residential project with a sale and rent value of ₹161 Cr. Despite a slight dip in value of -₹261, the current rate of ₹6,423 still makes it an appealing option for those looking for high-end living in a prime location.
Next up is Magnificia, offering a sale and rent value of ₹35 Cr. While it has experienced a larger dip in value at -₹1,264, the current rate of ₹7,692 still makes it a popular choice among buyers.
Brigade Metropolis follows closely behind, with a current rate of ₹8,152 and a sale and rent value of ₹5 Cr. This project offers a range of amenities, including a clubhouse, gym, and swimming pool.
Soul Space Arista is another promising option, with a sale and rent value of ₹3 Cr. While current rate information isn't available, this project offers spacious apartments and a convenient location.
Sunny Dew, with a current rate of ₹6,330 and a sale and rent value of ₹2 Cr, is another great choice for those seeking luxury living in Mahadevpura. NCC Ivory Heights, with a sale and rent value of ₹2 Cr, is also worth considering.
Expansia Apartment has seen an increase in value of +₹1,191, bringing its current rate to ₹6,477 and its sale and rent value to ₹2 Cr. Finally, Bhagya PVR Lake View rounds out the list with a current rate of ₹5,021 and a sale and rent value of ₹1 Cr.
No matter your preferences or budget, there is a top-selling project in Mahadevpura that is sure to meet your needs and exceed your expectations.
Price Trend For Mahadevpura
Mahadevpura, located in the eastern part of Bangalore, is witnessing a steady increase in property prices. The data from Q1'22 to Q1'23 shows that the average rate per square foot has been consistently increasing. In Q1'22, the average rate was 7728 INR per square foot, which increased to 6816 INR per square foot in Q1'23. This indicates a 12% increase in the property prices in Mahadevpura over the course of a year.
In terms of transactions, there has been a fluctuation in the number of transactions taking place in Mahadevpura. In Q1'22, there were 48 transactions, which rose to 100 transactions in Q2'22. However, in Q3'22, the number of transactions remained the same as Q2'22, with 106 transactions recorded. In Q4'22, the number of transactions decreased to 70, which further dropped to 40 transactions in Q1'23.
Despite the fluctuation in the number of transactions, the increase in property prices in Mahadevpura indicates that the demand for properties in this area is consistently rising. This could be due to its proximity to IT hubs such as Whitefield, Marathahalli, and KR Puram, making it an ideal location for IT professionals. Additionally, the area has good connectivity to other parts of Bangalore through the Outer Ring Road and the upcoming metro line.
Investors and homebuyers looking to invest in Mahadevpura should keep a close eye on the property prices and transaction trends to make informed decisions.
Summary For Mahadevpura
Location Summary for Mahadevpura:
Mahadevpura is a promising location for real estate investment in Bangalore. The rental rate in this area is ₹29 per square foot, making it a relatively affordable option for tenants. The sales transactions in Mahadevpura stand at 623, indicating a growing demand for real estate properties in this area.
The gross sales value in Mahadevpura is ₹441 Cr., which is a significant figure, indicating a flourishing real estate market. The current rate per square foot in Mahadevpura is ₹6,615, which is a reasonable price for investors looking to invest in the area.
Overall, Mahadevpura is a promising location for real estate investment, with a growing demand for properties and a reasonable price range that offers good returns on investment.
