Summary For Mumbra
Location Summary: Mumbra
Mumbra is a rapidly developing locality situated in the Thane district of Mumbai. The area is well-connected to Mumbai and the rest of Thane through roadways and railways. Mumbra is situated at a distance of around 30 km from the Mumbai city center and is a popular residential destination for those working in Mumbai.
Sales Transactions:
According to the research report, the total number of sales transactions in Mumbra is 120. This indicates that there is a steady demand for properties in this locality.
Gross Sales Value:
The gross sales value of properties sold in Mumbra is approximately ₹ 23 Cr. This indicates that the real estate market in Mumbra is sizeable and growing.
Current Rate/Sq.ft:
The current rate per square foot of property in Mumbra is ₹ 5,628. This rate is relatively affordable compared to other areas in Mumbai, making it an attractive destination for homebuyers.
Price Movement:
The price movement in Mumbra has decreased by ₹ 735. This indicates that property prices in the area have decreased slightly, making it an opportune time for buyers to invest in properties in this locality.
Overall, Mumbra is a promising locality for real estate investment, with steady demand and affordable rates. The location's connectivity to Mumbai and Thane makes it an attractive destination for homebuyers looking for affordable properties in Mumbai.
Price Trend For Mumbra
Location Sales Trend: Mumbra
Mumbra is a rapidly developing suburban locality located in the Thane district of Maharashtra. The real estate market in Mumbra has witnessed a significant surge in demand over the past few years, primarily due to its proximity to commercial hubs like Thane, Navi Mumbai, and Mumbai. The location sales trend for Mumbra is indicative of the growth potential and investment opportunities in the area.
Average Rate/Sq.Ft:
The average rate per square foot in Mumbra has seen a steady increase over the past few quarters. As per the data provided, the average rate per square foot for Q1'22 was 6363, which decreased slightly to 5903 in Q2'22. However, the trend reversed in Q3'22, with the average rate rising to 5575. In Q4'22, the average rate per square foot saw a marginal increase to 5878. The data for Q1'23 shows a further increase in the average rate per square foot to 6018. This indicates a positive trend in the real estate market in Mumbra, with property prices likely to increase in the future.
No of Transactions:
The number of transactions in Mumbra has seen a fluctuating trend over the past few quarters. As per the data provided, the number of transactions for Q1'22 was 18, which decreased to 17 in Q2'22. The trend continued in Q3'22, with the number of transactions dropping to 12. However, there was a significant increase in the number of transactions in Q4'22, with the figure rising to 13. The data for Q1'23 shows a further increase in the number of transactions to 30. This indicates that the demand for properties in Mumbra is increasing, making it an ideal location for investment.
In conclusion, the location sales trend for Mumbra is indicative of the growth potential and investment opportunities in the area. The steady increase in the average rate per square foot and the fluctuating trend in the number of transactions indicate a positive trend in the real estate market in Mumbra. As a result, investing in properties in Mumbra can be a profitable venture for investors and homebuyers.
Top Selling Projects for Mumbra
If you are looking for the top selling projects in Thane, look no further than the Top Selling Projects by Value. Located in the popular area of Mumbra, these projects offer luxurious living at its finest.
One of the top selling projects is Al Quddus Residency, offering a sale/rental value of ₹4 Cr. With a current rate of ₹5,122, this project is a steal. Another project that has been selling like hotcakes is Patangwala Alishan Arcade, with a sale/rental value of ₹2 Cr and a current rate of ₹6,215.
If you are looking for a more affordable option, Virani Marina might be the right choice for you. With a current rate of ₹7,018 and a sale/rental value of ₹1 Cr, this project offers great value for money. Although the change value for this project is -₹596, it is still a top seller in Thane.
These top selling projects offer a variety of amenities such as swimming pools, gymnasiums, and landscaped gardens. The locality is also well-connected to major areas in Thane, making it a great choice for those who want to live in a convenient location.
So why wait? Invest in one of these top selling projects and enjoy luxurious living in the heart of Thane.
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