Summary For Munnekollal
Location Summary for Munnekollal:
Munnekollal is a residential locality situated in the eastern part of Bangalore. The area is known for its peaceful environment and well-connected roads. The location is also ideal for those who want to be close to the IT hubs of Bangalore, as it is situated near the Outer Ring Road and Sarjapur Road.
Rental Rate:
The rental rate in Munnekollal is ₹47 per square foot, which is considered to be reasonable for the area.
Sales Transactions:
There have been 719 sales transactions in Munnekollal in the past year. This indicates that the area is in high demand among homebuyers.
Gross Sales Value:
The gross sales value of properties in Munnekollal is ₹475 crores, which is a significant amount. This indicates that the area is a popular destination for real estate investment.
Current Rate/Sq.ft:
The current rate per square foot in Munnekollal is ₹5,926, which is higher than the rental rate. This indicates that property prices in the area are on the rise.
Overall, Munnekollal is a promising location for real estate investment, as it offers a good mix of peaceful living and proximity to IT hubs. The high number of sales transactions and the significant gross sales value also indicate that the area is in high demand among homebuyers.
Top Selling Projects for Munnekollal
Bangalore's Munnekollal area is home to some of the top-selling projects by value in the real estate market. These projects offer premium amenities and luxurious living spaces for those who crave a lavish lifestyle.
Vaswani Menlo Park is the most sought-after project in the area, with a sale value of ₹223 Cr. This project offers state-of-the-art amenities and spacious living spaces that cater to the needs of modern homeowners.
Akshaya Temple Tree is another popular project in the area, with a current rate of ₹5,113 and a sale value of ₹18 Cr. This project offers a perfect blend of comfort and luxury, making it an ideal choice for those who want to live in style.
Nagamani Sai Sunshine is a project that offers affordable luxury living spaces with a current rate of ₹4,946 and a sale value of ₹5 Cr. The project offers a range of amenities, including a swimming pool, gym, and clubhouse.
Harika Homes is another top-selling project with a current rate of ₹4,785 and a sale value of ₹3 Cr. This project offers spacious living spaces with a focus on comfort and luxury.
Pavani Sarovar is a project that offers premium amenities and spacious living spaces, with a sale value of ₹2 Cr. Samhita Rainbow, Puravankara Purva Riviera, Kethu Nilaya, Suvastu Princeton Meadows, and Purvi Khosala are other top projects in the area that offer luxurious living spaces with premium amenities.
In conclusion, these top-selling projects in Munnekollal offer a luxurious and comfortable lifestyle for those who are looking for the best real estate options in Bangalore. With state-of-the-art amenities and spacious living spaces, these projects are worth considering for those who want to live in style.
Price Trend For Munnekollal
Location Sales Trend: Understanding the Price and Transaction Trends in Munnekollal
Munnekollal, a fast-developing locality in Bangalore, has witnessed a steady rise in its real estate market over the past few years. With several residential and commercial projects coming up in the area, investors and homebuyers are eyeing this locality for its potential growth prospects. In this context, it becomes imperative to understand the location sales trend and analyze the price and transaction trends in Munnekollal.
Average Rate/Sq.Ft:
The data collected from the first quarter of 2022 to the first quarter of 2023 shows that the average rate per square foot in Munnekollal has been steadily increasing. In the first quarter of 2022, the average rate was at 5046 rupees per square foot, which rose to 5173 rupees per square foot in the second quarter. The third quarter witnessed a significant jump in the average rate, with the price skyrocketing to 5744 rupees per square foot. In the fourth quarter of 2022, the rate continued to climb, reaching 5905 rupees per square foot. However, in the first quarter of 2023, the average rate per square foot saw a slight dip, settling at 5518 rupees per square foot.
No of Transactions:
The number of transactions in Munnekollal has also seen a fluctuating trend over the past few quarters. In the first quarter of 2022, there were 22 transactions, which dropped to 16 in the second quarter. However, the third quarter witnessed a massive jump in the number of transactions, with the figure reaching 120. The fourth quarter saw a further increase, with 196 transactions taking place. However, in the first quarter of 2023, the number of transactions dropped to 59.
Conclusion:
The location sales trend data suggests that Munnekollal is witnessing a steady growth in its real estate market. The average rate per square foot is increasing, indicating a rise in demand for properties in the area. However, the fluctuating number of transactions suggests that the locality needs to maintain a stable growth trajectory to attract more investors and homebuyers. Overall, Munnekollal presents a promising investment opportunity for those looking to invest in Bangalore's real estate market.
