Property Rates in Nalasopara West Mumbai

Mumbai's Nalasopara West locality has some of the most sought-after residential projects in the city. The list of top-selling projects by value includes a diverse range of properties that cater to the needs of different homebuyers.

At the top of the list is Jeevdani Oakwood, which has a sale value of ₹29 Cr. The current rate of the property is ₹9,322, and it has witnessed a decline of ₹467 in its value. Unique Poonam Sky City, with a sale value of ₹24 Cr, and Vinay Unique Avenue 210, with a sale value of ₹19 Cr, follow suit. Unique Poonam Sky City has maintained its value at ₹9,486, while Vinay Unique Avenue 210 has witnessed a decline of ₹870, bringing its current rate to ₹8,597.

Mahavir Kanti Arena ranks fourth on the list, with a sale value of ₹16 Cr and a current rate of ₹9,501. Shreeji Trinity Heights, with a sale value of ₹12 Cr and a current rate of ₹8,494, comes in fifth. Vimal Classic, with a sale value of ₹11 Cr, has witnessed an increase in its value by ₹368, bringing its current rate to ₹6,940.

Deep Garden CHS, with a sale value of ₹10 Cr and a current rate of ₹9,764, has witnessed an increase in its value by ₹2,212. GR Rajputra CHS, with a sale value of ₹8 Cr and a current rate of ₹9,107, stands at the eighth position. Apna Sai Bhoomi Classic, with a sale value of ₹6 Cr, has witnessed an increase in its value by ₹812, bringing its current rate to ₹6,186. DGS Sheetal Sejal, with a sale value of ₹6 Cr, has witnessed an increase in its value by ₹54, bringing its current rate to ₹6,029.

These top-selling projects by value in Nalasopara West offer a range of amenities and facilities, including swimming pools, fitness centers, landscaped gardens, and more. Homebuyers can choose from a range of configurations, including 1 BHK, 2 BHK, and 3 BHK apartments, to suit their needs and preferences. With excellent connectivity to the rest of the city and a thriving social infrastructure, these projects make for an excellent investment opportunity.

Location Sales Trend: Nalasopara West

Nalasopara West is a rapidly developing suburb located in the northern part of Mumbai. It offers a perfect blend of modern living and serenity and is well-connected to all the major areas of Mumbai. The real estate market in Nalasopara West has witnessed a steady growth over the past few years, and the trend is expected to continue in the future.

According to the data provided, the average rate per square foot in Nalasopara West has shown a consistent upward trend in the last few quarters. In Q1'22, the average rate per square foot was 7274, which increased to 7329 in Q2'22. In Q3'22, it further increased to 7791, and in Q4'22, it reached 7959. The trend is expected to continue in Q1'23, with the average rate per square foot predicted to be 7908.

The data also shows that the number of transactions in Nalasopara West has increased in the last few quarters. In Q1'22, 236 transactions took place, which decreased to 230 in Q2'22. However, in Q3'22, the number of transactions increased to 289, and in Q4'22, it increased further to 342. The trend is expected to continue in Q1'23, with the number of transactions predicted to be 347.

In conclusion, the real estate market in Nalasopara West is witnessing a steady growth in both the average rate per square foot and the number of transactions. This makes it an ideal location for both investors and homebuyers who are looking for a profitable investment in the long run.

Location Summary: Nalasopara West

Nalasopara West is a developing locality situated in the Palghar district of Maharashtra. The location is rapidly gaining attention due to its affordable housing options and its proximity to Mumbai. The area is well-connected to major highways and has good transportation facilities, making it a convenient place to live.

Rental Rate: The current rental rate in Nalasopara West is around ₹12 per square foot, which is comparatively lower than the rental rates in other areas of Mumbai.

Sales Transactions: According to recent data, Nalasopara West has witnessed 2,969 sales transactions in the past year, indicating a high demand for properties in the area.

Gross Sales Value: The gross sales value of the properties sold in Nalasopara West in the past year is estimated to be around ₹642 crore.

Current Rate/Sq.ft: The current rate per square foot of a property in Nalasopara West is around ₹6,468, which is reasonable considering its location and connectivity.

Overall, Nalasopara West is a promising location for real estate investors and homebuyers who are looking for affordable housing options in Mumbai. The area's growing popularity and development make it a good choice for those who want to invest in property with long-term gains.