Summary For Nerul
Location Summary:
Nerul is a popular residential area located in the Navi Mumbai region. It is known for its well-planned infrastructure, good connectivity, and abundance of amenities. The area is well-connected to other parts of the city via the Mumbai-Pune Expressway and the Sion-Panvel Expressway. Nerul also has its own railway station, which connects it to other parts of Mumbai.
Details:
Rental Rate: The average rental rate in Nerul is INR 32 per sq.ft. This is a reasonable rate, considering the amenities and infrastructure available in the area.
Sales Transactions: There have been 1,701 sales transactions in Nerul over the past few years. This indicates a relatively active real estate market in the area.
Gross Sales Value: The gross sales value of real estate in Nerul is estimated to be around INR 940 crores. This is a significant amount, indicating a strong demand for real estate in the area.
Current Rate/Sq.ft: The current rate per sq.ft in Nerul is INR 14,374. This is a reasonable rate, given the amenities and infrastructure available in the area.
Overall, Nerul is a good location for real estate investment, with a strong demand for residential properties and reasonable rental rates.
Top Selling Projects for Nerul
Navi Mumbai's Nerul is the hub of top-selling projects by value. These projects offer luxurious living spaces with state-of-the-art amenities, making them the most sought-after properties in the city. Here's a rundown of the top ten projects that have grabbed everyone's attention:
1. Regency Palms - This project offers apartments that are priced at ₹95 Cr. The current rate is ₹17,151 per square foot. Though there has been a dip in value by ₹2,199, it still remains the most valuable project in the city.
2. Aramus The Domus - With apartments priced at ₹18 Cr, this project offers luxurious living spaces. The current rate is ₹15,725 per square foot.
3. Padmapriya Shiv Bhakti - This project has seen no change in its value, and the current rate of ₹15,172 per square foot makes it an attractive investment option. The sale value of the property is ₹10 Cr.
4. Seawoods Estates - This project offers living spaces at ₹6 Cr, and the current rate is ₹16,945 per square foot.
5. Meridian Mystic - With no change in its value, this project offers apartments at ₹4 Cr. The current rate is ₹16,687 per square foot.
6. FSK Nilgagan CHS - This project offers apartments at ₹3 Cr, with the current rate at ₹18,345 per square foot.
7. Sai Prasad CHS - Priced at ₹2 Cr, this project offers apartments with a current rate of ₹14,959 per square foot.
8. Shanti Vaibhav CHS - The current rate of this project is not available, but it offers luxurious apartments at ₹2 Cr.
9. Golf View Apartment - With a sale value of ₹2 Cr, this project offers luxurious living spaces with no current rate available.
10. Seawoods Height - This project offers apartments at ₹2 Cr, with no current rate available.
These top projects in Nerul offer the best of luxury living and are great investment options for those looking for a property in Navi Mumbai. With top-notch amenities and world-class facilities, these projects are definitely worth considering.
Price Trend For Nerul
The location sales trend for Nerul shows a fluctuating average rate per square foot for the quarters Q1'22, Q2'22, Q3'22, Q4'22, and Q1'23. The data reveals that the average rate per square foot was 15222 in Q1'22, which increased to 17070 in Q2'22, followed by a decrease to 15945 in Q3'22. The trend went up again to 16432 in Q4'22 before reaching 16751 in Q1'23.
In terms of the number of transactions, the data shows a significant variation in the quarters Q1'22, Q2'22, Q3'22, Q4'22, and Q1'23. The number of transactions was 78 in Q1'22, which decreased sharply to 41 in Q2'22. However, the trend picked up again in Q3'22, with 77 transactions recorded, before dropping to 59 in Q4'22. The trend then went up to 93 transactions in Q1'23.
Overall, the data for Nerul indicates that the average rate per square foot and the number of transactions fluctuated significantly over the quarters. However, it is important to note that these trends can be influenced by various factors such as economic conditions, market demand, and supply. Therefore, it is essential to analyze these trends in conjunction with other factors before making any investment decisions.
