- Motilal Nagar demonstrates strong market activity with 124 government property registrations between May 25 and Apr 26.
- The gross value of registered transactions reached ₹329 Cr, showcasing significant investment and market volume.
- The average registered rate of ₹22,200 per sq ft provides a clear benchmark for property values in the area.
- The average rental rate of ₹96 per sq ft, with 2 BHK apartments averaging ₹88,500 per month, indicates a healthy and active rental market.
- The 'Well Occupied' property status segment experienced a 1.74% price increase, highlighting appreciation for existing properties.
- Neighboring Oshiwara and Malad West show robust property rate increases of 11.86% and 7.93% respectively, suggesting a positive regional trend.
- Rental rates in nearby Best Nagar saw a significant 35.23% increase, and Anand Nagar a 8.4% increase, indicating strong rental demand in the broader vicinity.
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Property Rates in Motilal Nagar, Mumbai
Comprehensive Market Snapshot
Motilal Nagar in Mumbai presents a dynamic real estate market characterized by steady transaction activity and a competitive rental landscape. Government registration data highlights a robust period from May 25 to April 26, with 124 property transactions recorded, totaling a significant gross value of ₹329 Cr. Properties in the area registered at an average rate of ₹22,200 per sq ft during this period. The rental market is active, with an average rate of ₹96 per sq ft, and 2 BHK apartments specifically commanding an average of ₹88,500 per month.
- Government records show 124 property registrations in Motilal Nagar from May 25 to Apr 26, amounting to a gross value of ₹329 Cr.
- The average registered property rate stands at ₹22,200 per sq ft, reflecting ongoing market activity.
- The 'Well Occupied' property status segment in Motilal Nagar averages ₹26,834 per sq ft, indicating a positive 1.74% price increase.
- Samruddhi CHS Goregaon West, a notable project, is listed at ₹26,834 per sq ft, also witnessing a 1.74% price rise.
- Motilal Nagar's rental market shows an average rate of ₹96 per sq ft, with 2 BHK apartments averaging ₹88,500 per month.
- Average Rental₹ 96 /sq.ft
Insights for Motilal Nagar, Mumbai Real Estate Market
Motilal Nagar's real estate market demonstrates a healthy pulse, marked by consistent transactional activity and varied performance across its sub-markets. The government registration data for May 25 to April 26 underscores this vitality, with 124 transactions contributing to a substantial ₹329 Cr in gross value, and a registered rate averaging ₹22,200 per sq ft. While the immediate vicinity shows varied price movements, the rental sector remains a key highlight, offering an average of ₹96 per sq ft. This blend of transactional stability and rental appeal positions Motilal Nagar as a noteworthy segment within the broader Mumbai real estate landscape.
- Motilal Nagar recorded 124 government property registrations valued at ₹329 Cr between May 25 and Apr 26, with an average registered rate of ₹22,200 per sq ft.
- Properties with a 'Well Occupied' status are priced at an average of ₹26,834 per sq ft, experiencing a 1.74% increase in value.
- Samruddhi CHS Goregaon West, a prominent project, lists at ₹26,834 per sq ft and has seen a 1.74% price appreciation.
- The average rental rate in Motilal Nagar is ₹96 per sq ft, with 2 BHK residential apartments renting for an average of ₹88,500 per month.
- Neighboring Oshiwara shows a strong average property rate of ₹32,417 per sq ft, with an impressive 11.86% increase.
- Some nearby localities, such as Goregaon West (-1.72%) and Lokhandwala Complex (-1.85%), have experienced slight declines in average property rates.
- The average rental rate for apartments in Motilal Nagar has seen a -2.04% change, indicating a slight softening in this specific property type's rental market.
- Certain adjacent rental markets, including Shri Nagar (-8.49%) and Patliputra (-3.06%), have shown negative changes in average rental rates.
- The robust government registration activity, with 124 transactions and a gross value of ₹329 Cr, indicates strong market liquidity and buyer confidence in Motilal Nagar.
- Properties in the 'Well Occupied' status segment show a positive price appreciation of 1.74%, suggesting stability and potential for capital gains in existing assets.
- Samruddhi CHS Goregaon West, a top project, recorded a 1.74% price increase, highlighting potential for capital appreciation in established developments.
- The average rental rate of ₹96 per sq ft, with 2 BHK apartments commanding ₹88,500 per month, presents attractive income generation opportunities for landlords.
- Neighboring localities like Oshiwara (11.86% price increase) and Malad West (7.93% price increase) demonstrate strong capital appreciation trends, potentially influencing Motilal Nagar's long-term value.
- Rental markets in nearby Best Nagar (35.23% increase) and Anand Nagar (8.4% increase) show significant growth, pointing to strong rental demand in the wider area.
Property Price Trends in Motilal Nagar, Mumbai
Property rates in areas surrounding Motilal Nagar present a diverse picture for potential buyers and investors. Bangur Nagar commands the highest average rate among listed localities at ₹36,898 per sq ft, despite a slight decline of -0.2%. Ambivali also stands out with a robust average rate of ₹40,060 per sq ft. Meanwhile, Oshiwara and Goregaon West are closely priced at ₹32,417 per sq ft and ₹32,489 per sq ft respectively, with Oshiwara showing a notable 11.86% increase, indicating strong growth. In contrast, Unnat Nagar offers a more accessible entry point at ₹23,857 per sq ft.
Project and Developer Insights
Samruddhi CHS Goregaon West stands out as a key project in Motilal Nagar, setting a benchmark for property values. This project commands an average asking rate of ₹26,834 per sq ft. It has also demonstrated a positive price trend, showing a 1.74% increase, reflecting its appeal and value within the Mumbai Western Suburbs market.
Government Registration in Motilal Nagar, Mumbai
- Sales Transactions124
- Gross Sales Value₹ 329 Cr
- Registered Rate₹ 22,200 /sq.ft
Government registration data reveals a bustling real estate market in Motilal Nagar, with significant activity recorded between May 25 and April 26. During this period, the locality witnessed a total of 124 property transactions. These transactions collectively generated a substantial gross value of ₹329 Cr, with an average registered rate of ₹22,200 per sq ft, underscoring strong buyer interest and market liquidity.
Recent Registered Transactions in Motilal Nagar
Property Rental Trends in Motilal Nagar, Mumbai
In Motilal Nagar's rental market, 2 BHK apartments stand out as a key segment. These residential units, specifically apartments, command an average rental rate of ₹88,500 per month, reflecting their demand among tenants.
Rental rates vary across localities surrounding Motilal Nagar, offering diverse options for tenants. Anand Nagar and Oshiwara lead with higher average rental rates of ₹129 per sq ft and ₹122 per sq ft, respectively, though Oshiwara has seen a -4.69% change. Best Nagar recorded a significant 35.23% increase, reaching ₹119 per sq ft. Conversely, Shri Nagar and Patliputra experienced declines of -8.49% and -3.06% respectively, with average rates of ₹97 per sq ft and ₹95 per sq ft.
The apartment segment dominates Motilal Nagar's rental market, with an average rental rate of ₹96 per sq ft. This property type has experienced a -2.04% change in its average rental rate.