Summary For Malleswaram
Location Summary - Malleswaram
Malleswaram is a prominent residential area located in the north-western part of Bangalore. The area is known for its well-planned layout, tree-lined streets, and ample green spaces. Malleswaram is well-connected to other parts of Bangalore through major roads and public transport.
Sales Transactions:
In the last year, Malleswaram has witnessed a total of 512 sales transactions. This indicates a healthy demand for properties in the area.
Gross Sales Value:
The total Gross Sales Value of properties sold in Malleswaram in the last year is ₹ 232 Cr. This indicates a robust real estate market in the area.
Current Rate/Sq.ft:
The average current rate/sq.ft of properties in Malleswaram is ₹ 9,171. This is in line with the rates observed in other prime residential areas of Bangalore.
Price Movement:
The price movement in Malleswaram has been negative in the last year, with a decrease of ₹ 666 in the average price/sq.ft. This can be attributed to various factors such as the ongoing pandemic and economic slowdown.
Overall, Malleswaram is a desirable residential location in Bangalore, with a strong real estate market. The area is expected to continue attracting homebuyers and investors in the future.
Top Selling Projects for Malleswaram
Bangalore's Malleswaram locality is home to some of the city's top selling projects by value. Let's take a closer look at these projects and their key details.
1. Salarpuria Sattva Luxuria: With a current rate of ₹ 10,102 and a sale/rent value of ₹ 17 Cr., Salarpuria Sattva Luxuria is a luxurious project that offers spacious and well-designed apartments.
2. Maruthi Elite: Maruthi Elite boasts a current rate of ₹ 8,562 and a sale/rent value of ₹ 10 Cr. This project offers premium amenities and comfortable living spaces.
3. Naga Remington: Naga Remington offers a current rate of ₹ 9,947 and a sale/rent value of ₹ 6 Cr. The project is known for its contemporary design and high-quality construction.
4. Govianu Margosa: Govianu Margosa offers a sale/rent value of ₹ 4 Cr. and is a popular choice for those seeking a modern and luxurious lifestyle.
5. SLV Royal Homes: With a current rate of ₹ 8,788 and a sale/rent value of ₹ 3 Cr., SLV Royal Homes is a well-known project that offers a range of amenities and modern living spaces.
6. Gokaldas Lifestyle: Gokaldas Lifestyle is another popular project in Malleswaram, offering luxurious apartments and top-class amenities.
7. Sri Rupa Apartment: Sri Rupa Apartment is a well-designed project that offers spacious and comfortable living spaces.
8. Naga Axton: With a current rate of ₹ 9,764 and a sale/rent value of ₹ 2 Cr., Naga Axton is a sought-after project that offers premium amenities and well-designed apartments.
9. Vyalikaval House Building: Vyalikaval House Building offers a sale/rent value of ₹ 2 Cr. and is known for its modern architecture and comfortable living spaces.
10. Vandana Gowle Pride: With a current rate of ₹ 5,946 and a sale/rent value of ₹ 2 Cr., Vandana Gowle Pride is a well-known project that offers a range of amenities and comfortable living spaces.
These top selling projects in Malleswaram offer a range of options for those seeking luxurious and modern living spaces in Bangalore. With their premium amenities and well-designed apartments, these projects are a great investment for those looking for a high-quality lifestyle.
Price Trend For Malleswaram
Malleswaram, located in Bangalore, has shown a steady upward trend in the average rate per square foot in the last five quarters. The data shows that in Q1'22, the average rate per square foot was 8451, which increased to 9628 in Q2'22 and then slightly decreased to 9383 in Q3'22. However, in Q4'22, it again decreased to 9136, which remained the same in Q1'23. Overall, there has been a slight fluctuation in the average rate per square foot in Malleswaram.
In terms of the number of transactions, there has been a significant increase in Q2'22 as compared to Q1'22, with 42 transactions recorded. In Q3'22, the number of transactions decreased to 34, which further decreased to 24 in Q4'22. However, there was a sharp increase in Q1'23, with 58 transactions recorded.
It is important to note that these trends are not specific to any particular project in Malleswaram. The data represents the overall market trend in the location. It is also worth noting that the number of transactions does not necessarily correlate with the average rate per square foot.
Overall, Malleswaram has shown a positive trend in terms of the average rate per square foot, with slight fluctuations. The increase in the number of transactions in Q2'22 and Q1'23 indicates a growing interest in the location among buyers.
