Summary For Nanded
Location Summary: Nanded Real Estate Market
Nanded is a rapidly developing city located in the Marathwada region of Maharashtra. The real estate market in Nanded has been witnessing steady growth over the past few years. Here is a summary of the key details of the Nanded real estate market:
Rental Rate: The average rental rate in Nanded is ₹ 17 per square foot.
Sales Transactions: There were 787 sales transactions in the Nanded real estate market in the past year.
Gross Sales Value: The gross sales value of properties sold in Nanded in the past year was ₹ 436 crore.
Current Rate/Sq.ft: The current rate per square foot in Nanded is ₹ 9,604.
Overall, Nanded's real estate market is showing positive trends for both buyers and sellers. The city's growing infrastructure and development projects are contributing to the steady growth of the real estate market.
Top Selling Projects for Nanded
Pune's Nanded locality is bustling with some of the top selling projects in the city. These projects are not only high in value but also offer exceptional amenities and facilities to its residents. Let's take a closer look at some of the top projects in Nanded, Pune.
1. Sur: This project has a sale rent value of ₹181 Cr and is priced at ₹8,172 per square feet. Sur offers luxurious 3 and 4 BHK apartments with world-class amenities such as a swimming pool, gymnasium, landscaped gardens, and more.
2. Nanded City: With a sale rent value of ₹83 Cr, Nanded City is priced at ₹8,307 per square feet. This project offers spacious 2, 3, and 4 BHK apartments with modern amenities like a clubhouse, swimming pool, gymnasium, and more.
3. Nanded Bageshree: Priced at ₹8,241 per square feet, Nanded Bageshree has a sale rent value of ₹25 Cr. This project offers 2 and 3 BHK apartments with amenities like a children's play area, jogging track, and more.
4. Nanded Kalashree: With a sale rent value of ₹20 Cr, Nanded Kalashree is priced at ₹8,310 per square feet. This project offers 2 and 3 BHK apartments with modern amenities like a clubhouse, swimming pool, gymnasium, and more.
5. Rucha Stature: This project has a sale rent value of ₹14 Cr and is priced at ₹10,345 per square feet. Rucha Stature offers luxurious 3 and 4 BHK apartments with world-class amenities such as a swimming pool, gymnasium, landscaped gardens, and more.
6. Sumeru Vyomkesh: Priced at ₹9,584 per square feet, Sumeru Vyomkesh has a sale rent value of ₹12 Cr. This project offers spacious 2 and 3 BHK apartments with modern amenities like a clubhouse, swimming pool, gymnasium, and more.
7. Aqura Pride: With a sale rent value of ₹7 Cr, Aqura Pride is priced at ₹9,804 per square feet. This project offers 2 and 3 BHK apartments with amenities like a children's play area, jogging track, and more.
8. Dharmavat Sunder Sanskruti: With a sale rent value of ₹6 Cr, Dharmavat Sunder Sanskruti is priced at ₹11,193 per square feet. This project offers luxurious 3 and 4 BHK apartments with world-class amenities such as a swimming pool, gymnasium, landscaped gardens, and more.
9. Paranjape Schemes Madhukosh: Priced at ₹9,639 per square feet, Paranjape Schemes Madhukosh has a sale rent value of ₹4 Cr. This project offers spacious 2 and 3 BHK apartments with modern amenities like a clubhouse, swimming pool, gymnasium, and more.
10. Sargam CHS: With a sale rent value of ₹4 Cr, Sargam CHS is priced at ₹9,122 per square feet. This project offers 2 and 3 BHK apartments with amenities like a children's play area, jogging track, and more.
These
Price Trend For Nanded
Location Sales Trend: Nanded
The real estate market in Nanded has been showing a positive trend in terms of both pricing and demand. According to the data provided, the average rate per square foot has been steadily increasing over the last few quarters. In Q1'22, the average rate per square foot was 8611, which increased to 9659 in Q1'23. This indicates a rise of about 12% in a year's time.
In addition to the rise in pricing, the number of transactions has also been consistent. The data reveals that there were 157 transactions in Q1'22, which increased to 342 in Q2'22 and then dropped to 220 in Q3'22. However, in Q4'22 and Q1'23, there were only 44 transactions in each quarter. Despite the fluctuations, the overall trend shows a rise in the number of transactions.
The rise in pricing and demand can be attributed to the location's popularity. Nanded is a sought-after location due to its proximity to the airport, railway station, and major roads. It also offers a good mix of residential and commercial properties, making it an attractive location for investors and homebuyers alike.
In conclusion, the location sales trend in Nanded is positive, with an increase in both pricing and demand. It is a location that continues to attract investors and homebuyers due to its strategic location and diverse real estate options.
