Summary For Mulund East
Location Summary: Mulund East
Mulund East is a prime residential locality situated in the northeastern part of Mumbai. The area is well-connected to other parts of the city via the Eastern Express Highway and the Mulund-Airoli Bridge. Mulund railway station on the central line of Mumbai Suburban Railway is also located in the vicinity, making it a preferred destination for commuters.
Rental Rate:
The average rental rate in Mulund East is ₹ 51 per square foot. The rental rates have remained stable over the last few years, making it an attractive destination for tenants.
Sales Transactions:
In the last year, Mulund East witnessed 1,046 sales transactions. This indicates a healthy demand for properties in the area, which is likely to continue in the near future.
Gross Sales Value:
The gross sales value of properties in Mulund East was ₹ 1,135 Crores. This is a significant increase from the previous year, indicating a strong growth in the real estate market in the area.
Current Rate/Sq.ft:
The current rate per square foot in Mulund East is ₹ 19,910. This is a premium rate compared to other areas in Mumbai, owing to the prime location and the high demand for properties in the area.
Overall, Mulund East is a promising location for real estate investment, with stable rental rates, healthy sales transactions, and a strong growth in the real estate market.
Top Selling Projects for Mulund East
If you're looking for the top selling projects by value in Mumbai's Mulund East, then you've come to the right place. Here are some of the most sought-after projects in the area that have been generating a lot of buzz lately:
1. Neelam Senroofs
With a sale/rent value of ₹ 257 Cr, Neelam Senroofs is one of the most expensive and luxurious residential projects in Mulund East. Currently priced at ₹ 19,284 per square foot, its rate has increased by ₹ 1,194 recently.
2. Lodha Mulund
Lodha Mulund is a premium residential project that offers some of the most luxurious apartments in Mulund East. The current rate is ₹ 23,623 per square foot, with a sale/rent value of ₹ 118 Cr. There has been a slight dip in its rate with a decrease of ₹ 598.
3. Amardeep Anutham
Amardeep Anutham is a project that offers a perfect blend of luxury and affordability. The current rate is ₹ 17,555 per square foot, with a sale/rent value of ₹ 39 Cr. There has been a dip in its rate with a decrease of ₹ 3,001.
4. Konark Aria Park
Konark Aria Park is a residential project that offers premium apartments with world-class amenities. The current rate is ₹ 19,325 per square foot, with a sale/rent value of ₹ 25 Cr. There has been a slight dip in its rate with a decrease of ₹ 427.
5. HS Pearl
HS Pearl is a premium residential project that offers luxurious apartments and top-notch amenities. The current rate is ₹ 19,278 per square foot, with a sale/rent value of ₹ 18 Cr. There has been a dip in its rate with a decrease of ₹ 888.
6. Indu Kavita Kiran CHS
Indu Kavita Kiran CHS is a residential project that offers spacious apartments and modern amenities. The current rate is ₹ 26,894 per square foot, with a sale/rent value of ₹ 14 Cr. Its rate has increased by ₹ 5,183 recently.
7. Sai Solitaire
Sai Solitaire is a luxurious residential project that offers premium apartments with top-notch amenities. The current rate is ₹ 20,294 per square foot, with a sale/rent value of ₹ 13 Cr.
8. Romell Vasanthi
Romell Vasanthi is a premium residential project that offers spacious and luxurious apartments with world-class amenities. The current rate is ₹ 29,111 per square foot, with a sale/rent value of ₹ 13 Cr. Its rate has increased by ₹ 2,363 recently.
9. Ariisto Celestia
Ariisto Celestia is a premium residential project that offers luxurious apartments with top-notch amenities. The current rate is ₹ 18,896 per square foot, with a sale/rent value of ₹ 12 Cr.
10. Gagangiri Elanza
Gagangiri Elanza is a residential project that offers premium apartments with modern amenities. The current rate is ₹ 20,811 per square foot, with a sale/rent value of ₹ 11 Cr. There has been a dip in its rate with a decrease of ₹ 3,277 recently.
So, these are
Price Trend For Mulund East
The Location Sales Trend for Mulund East shows a steady decline in the average rate per square foot from Q1'22 to Q3'22. However, the trend seems to be picking up in Q4'22 and Q1'23 with a significant increase in the average rate per square foot. The number of transactions also shows a decline in Q3'22 but a sharp increase in Q1'23. This could be due to a variety of factors such as market demand, availability of inventory, and overall economic conditions.
In Q1'22, the average rate per square foot in Mulund East was 20,865, which gradually decreased to 20,613 in Q2'22 and further dropped to 20,358 in Q3'22. However, in Q4'22, there was a noticeable increase in the average rate per square foot to 21,237. This increase continued into Q1'23 with an average rate per square foot of 21,532.
The number of transactions in Mulund East also showed a similar pattern. In Q1'22, there were 137 transactions, which dropped to 125 in Q2'22 and further decreased to 102 in Q3'22. However, there was a significant increase in the number of transactions in Q1'23 with 149 reported transactions.
Overall, the location sales trend for Mulund East seems to be on an upward trajectory with an increase in both the average rate per square foot and the number of transactions. This could be a positive sign for the real estate market in Mulund East, and potential buyers and investors may want to keep a close eye on the trend in the coming quarters.
