Summary For Narsingi
Location Summary - Narsingi
Narsingi is a rapidly developing suburb located in the south-western region of Hyderabad. The area is situated between the IT hubs of Gachibowli and the financial district of Hyderabad. Narsingi has seen significant growth in the past few years due to its strategic location and excellent connectivity.
Rental Rate: The rental rate in Narsingi is around ₹ 22 per sq.ft. The rental rates have been stable in the past few years due to the growing demand for residential and commercial properties.
Sales Transactions: The total number of sales transactions in Narsingi is around 1,060. The area has seen significant growth in real estate transactions due to the presence of several IT companies and commercial establishments.
Gross Sales Value: The gross sales value of properties in Narsingi is around ₹ 476 crores. The area has seen impressive appreciation in property values due to the growing demand and excellent connectivity.
Current Rate/Sq.ft: The current rate per sq.ft in Narsingi is around ₹ 4,360. The rate has seen a steady increase in the past few years due to the growing demand for residential and commercial properties.
Overall, Narsingi is an excellent location for real estate investment due to its strategic location and excellent connectivity. The area has seen impressive growth in property values and is likely to continue to do so in the future.
Price Trend For Narsingi
Location Sales Trend: Narsingi
Narsingi is a rapidly developing locality in Hyderabad, and the real estate market in the area is witnessing a steady growth in recent years. Here is a comprehensive analysis of the location sales trend in Narsingi.
Average Rate per Square Foot:
The average rate per square foot in Narsingi has been on an upward trend, indicating a positive growth in the real estate market. In Q1'22, the average rate per square foot was 4479, which increased to 5392 in Q2'22. In Q3'22, the average rate per square foot was 5102, which further decreased to 4892 in Q4'22. However, the trend picked up again in Q1'23, with the average rate per square foot being 5017. This trend indicates a healthy growth in the real estate market in Narsingi.
Number of Transactions:
The number of transactions in Narsingi has been on a declining trend. In Q1'22, the number of transactions was 379, which decreased to 266 in Q2'22. In Q3'22, the number of transactions further declined to 144, which decreased to 123 in Q4'22. The trend continued in Q1'23 with only 116 transactions. This trend indicates that the demand for real estate in Narsingi is decreasing.
Conclusion:
The location sales trend in Narsingi indicates a steady growth in the real estate market in terms of the average rate per square foot. However, the number of transactions is decreasing, which may indicate a decline in the demand for real estate. It is important to keep a close watch on these trends to make informed decisions in the real estate market.
Top Selling Projects for Narsingi
Hyderabad, the city of pearls, has been witnessing a tremendous growth in the real estate sector. With the emergence of new IT hubs, Hyderabad is becoming a preferred destination for property investment. Narsingi, a suburban area located in the south-western part of Hyderabad, is one such locality that has been gaining a lot of attention from investors and homebuyers.
If you are planning to invest in Narsingi, then you must be aware of the top-selling projects in the area. Here is a list of the top projects that are currently leading the market in terms of value:
1. Accurate Wind Chimes: With a sale value of ₹58 Cr, Accurate Wind Chimes is one of the most sought-after projects in Narsingi. The project offers luxurious 2BHK and 3BHK apartments with world-class amenities.
2. Riddhi Saphire: Riddhi Saphire is another popular project in Narsingi with a sale value of ₹36 Cr. The project offers spacious 3BHK apartments with modern facilities and is a perfect blend of comfort and luxury.
3. Muppa Akshaja Insignia: Muppa Akshaja Insignia is a premium project that offers spacious 3BHK and 4BHK apartments with a sale value of ₹24 Cr. The project is known for its excellent location and world-class amenities.
4. EIPL Apila: EIPL Apila is a budget-friendly project that offers 2BHK and 3BHK apartments with a sale value of ₹10 Cr. The project has excellent connectivity and is located in close proximity to major IT hubs.
5. Alekhya Rise: Alekhya Rise is a luxurious project that offers spacious 3BHK and 4BHK apartments. The project has a sale value of ₹9 Cr and is known for its excellent location and world-class amenities.
6. RR Tropicana: RR Tropicana is another popular project in Narsingi that offers spacious 2BHK and 3BHK apartments with a sale value of ₹8 Cr. The project is known for its excellent location and world-class amenities.
7. Hallmark Vicinia: Hallmark Vicinia is a premium project that offers spacious 3BHK and 4BHK apartments with a sale value of ₹6 Cr. The project is known for its excellent location and world-class amenities.
8. River View: River View is a budget-friendly project that offers 2BHK and 3BHK apartments. The project has a sale value of ₹4 Cr and is known for its excellent location and modern facilities.
9. Saanvi Aastha: Saanvi Aastha is a budget-friendly project that offers 2BHK and 3BHK apartments with a sale value of ₹4 Cr. The project is known for its excellent location and modern facilities.
10. Vertex Panache: Vertex Panache is a premium project that offers spacious 2BHK and 3BHK apartments with a sale value of ₹2 Cr. The project is known for its excellent location and world-class amenities.
These top projects in Narsingi offer a perfect blend of comfort, luxury, and excellent location. So, if you are looking to invest in the real estate sector, then Narsingi is the place to be.
