Summary For Mahim
Location Summary: Mahim
Mahim is a popular residential locality located in the heart of Mumbai. The area is known for its vibrant culture, excellent connectivity, and a wide range of amenities. In this report, we will provide insights into the rental rates, sales transactions, gross sales value, and the current rate per square foot in Mahim.
Rental Rate
The rental rate in Mahim is ₹89 per square foot. This is a competitive rate compared to other residential areas in Mumbai. The rental rates in Mahim are influenced by various factors such as the location, amenities, and the type of property.
Sales Transactions
Mahim has seen a total of 311 sales transactions in the last year. This indicates a healthy demand for residential properties in the area. The sales transactions are influenced by factors such as the location, amenities, and the type of property.
Gross Sales Value
The total gross sales value of residential properties in Mahim is estimated to be approximately ₹478 crores. This indicates the overall value of residential properties in the area. The gross sales value is influenced by various factors such as the location, amenities, and the type of property.
Current Rate per Square Foot
The current rate per square foot in Mahim is ₹33,092. This is a competitive rate compared to other residential areas in Mumbai. The rate per square foot is influenced by various factors such as the location, amenities, and the type of property.
In conclusion, Mahim is a vibrant residential locality that offers excellent connectivity, a wide range of amenities, and a competitive rental and sales market. The rental rate, sales transactions, gross sales value, and the current rate per square foot for residential properties in Mahim are all indicative of a healthy residential market with a high demand for properties.
Top Selling Projects for Mahim
Top Selling Projects by Value in Mahim, Mumbai
If you're looking for a lucrative investment opportunity in Mumbai, Mahim is an area to consider. Mahim is a suburban neighborhood located in the heart of Mumbai and is known for its rich history, lively markets, and diverse culture. The area is also home to some of the top-selling projects that offer excellent value for money. Let's take a look at the top-selling projects in Mahim, Mumbai.
1. Prescon Midtown Bay – This project boasts of luxurious apartments and is one of the top-selling projects in Mahim. The current rate is ₹ 38,531 per square foot, and the sale value is ₹ 72 crore. Although the change value is -₹1,357, this project still offers excellent value for money.
2. Suraj Vitalis – This project is another popular option in Mahim, Mumbai. With a current rate of ₹ 39,587 per square foot and a sale value of ₹ 50 crore, this project offers lucrative investment opportunities. The change value is +₹1,859, which reflects the increasing demand for this project.
3. Tridhaatu Kshitij – This project is a relatively new development that offers excellent facilities and amenities. The current rate is ₹ 42,339 per square foot, and the sale value is ₹ 31 crore. Although there is no change value, this project is still a great investment option.
4. Jewel Crest – This project is a luxurious development that offers spacious apartments. The current rate is ₹ 37,482 per square foot, and the sale value is ₹ 26 crore. Although there is no change value, this project still offers excellent value for money.
5. Suraj Eterna – This project is another popular option in Mahim, Mumbai. The current rate is ₹ 38,070 per square foot, and the sale value is ₹ 16 crore. The change value is +₹6,403, which reflects the increasing demand for this project.
6. Rockford Oceanic – This project offers luxurious apartments with excellent facilities and amenities. The current rate is ₹ 42,654 per square foot, and the sale value is ₹ 12 crore. The change value is +₹4,107, which reflects the increasing demand for this project.
7. Zinnia Prince Care Realty – This project is a luxurious development that offers spacious apartments. The sale value is ₹ 10 crore, and there is no change value.
8. Nishigandha CHS – This project offers spacious apartments with excellent facilities and amenities. The current rate is ₹ 33,627 per square foot, and the sale value is ₹ 9 crore. There is no change value, but this project is still a great investment option.
9. Gala Swayam – This project offers luxurious apartments with excellent facilities and amenities. The current rate is ₹ 35,940 per square foot, and the sale value is ₹ 8 crore. There is no change value, but this project still offers excellent value for money.
10. Residence 19 – This project offers luxurious apartments with excellent facilities and amenities. The current rate is ₹ 38,500 per square foot, and the sale value is ₹ 7 crore. There is no change value, but this project still offers excellent value for money.
In conclusion, Mahim, Mumbai is an area that offers excellent investment opportunities. The
Price Trend For Mahim
Mahim is a popular locality in Mumbai known for its cultural and historical significance. As per the data provided, the average rate per square foot for Q1'22 was 39018, which saw a marginal increase to 39132 in Q2'22. However, in Q3'22, there was a slight dip with the average rate per square foot recorded at 38918. The trend continued with a further drop in Q4'22 to 38724. However, Q1'23 saw a slight increase to 38858.
In terms of the number of transactions, there were 71 transactions recorded in Q1'22, which saw a significant drop to 57 in Q2'22. The numbers further dropped to just 28 transactions in Q3'22. However, there was a slight increase to 29 transactions in Q4'22, and Q1'23 saw a further increase to 27 transactions.
Overall, the location sales trend in Mahim shows a fluctuating trend in both the average rate per square foot and the number of transactions. It is important to note that these trends may be influenced by various factors such as market demand, supply, and other external factors. It is always recommended to consult with a real estate expert who can provide more in-depth analysis and insights into the trends and help make informed decisions.
