Top Selling Projects for New Panvel East
Navi Mumbai's New Panvel East area is known for its top-selling projects that offer luxurious and comfortable living at affordable rates. The Top Selling Projects by Value in this area are ideal for those who seek an upscale lifestyle without breaking the bank.
Satyam Pride is the top project in the area, with a current rate of ₹16,831 and a sale rent value of ₹32 Cr. It has seen a rise of ₹842, making it an excellent investment option. Prajapati Ornate, on the other hand, has seen a fall of ₹430, with a current rate of ₹14,960 and a sale rent value of ₹15 Cr. However, it remains one of the most sought-after projects in the area.
National Harmony, with a current rate of ₹11,429, is another top project in the area that offers luxurious living at affordable rates. Prajapati Opal and Tirupati Garden have current rates of ₹17,243 and ₹15,391, respectively, and sale rent values of ₹13 Cr. and ₹13 Cr. respectively. Millennium Hilton, with a current rate of ₹15,170 and a sale rent value of ₹12 Cr., is another top project that offers luxurious living at affordable rates.
Shreeji Corner, with a current rate of ₹10,548 and a sale rent value of ₹8 Cr., has seen a rise of ₹1,340, making it an excellent investment option. Aura Tower, on the other hand, has a sale rent value of ₹6 Cr. but no current rate available. DSR Paradise and Chaitanya Heritage, with current rates of ₹10,819 and ₹9,494, respectively, have seen a fall of ₹1,366 and ₹356, making them affordable options for those seeking luxurious living.
In conclusion, the Top Selling Projects by Value in Navi Mumbai's New Panvel East area offer luxurious living at affordable rates, making them an excellent investment option for those seeking a comfortable lifestyle.
Summary For New Panvel East
Title: Real Estate Research Report on New Panvel East
Introduction:
This report provides an overview of the real estate market in New Panvel East, a rapidly developing area in Navi Mumbai. The report covers the rental rates, sales transactions, gross sales value, and current rate per square foot in the area.
Location Summary:
New Panvel East is a residential area located in the eastern part of Navi Mumbai. The area is well-connected to other parts of Mumbai and Navi Mumbai through the Mumbai-Pune Expressway and the Sion-Panvel Expressway. The area has witnessed a significant increase in population in recent years, due to its affordable housing options and proximity to job opportunities.
Rental Rate:
The rental rate in New Panvel East is ₹ 20 per square foot. This is lower than the average rental rate in Mumbai, which is around ₹ 50 per square foot. The lower rental rate in New Panvel East makes it an attractive option for tenants looking for affordable housing options in Mumbai.
Sales Transactions:
There were 917 sales transactions in New Panvel East in the last year. This indicates a healthy demand for real estate in the area. The majority of the sales transactions were for residential properties, with a smaller percentage for commercial properties.
Gross Sales Value:
The gross sales value of real estate in New Panvel East was ₹ 406 crore in the last year. This indicates a significant amount of investment in the area's real estate market. The majority of the investment was in residential properties.
Current Rate/Sq.ft:
The current rate per square foot of real estate in New Panvel East is ₹ 10,987. This is lower than the average rate per square foot in Mumbai, which is around ₹ 20,000. The lower rate per square foot in New Panvel East makes it an attractive option for investors looking for affordable real estate options in Mumbai.
Conclusion:
In conclusion, New Panvel East is a developing area with affordable housing options and a healthy demand for real estate. The lower rental rates and rate per square foot make it an attractive option for tenants and investors looking for affordable real estate options in Mumbai. The gross sales value of real estate in the area indicates a significant amount of investment in the area's real estate market. Overall, New Panvel East is a promising area for real estate investment in Mumbai.
Price Trend For New Panvel East
Location Sales Trend: New Panvel East
New Panvel East is a growing residential locality located in the outskirts of Mumbai. This locality is known for its well-planned infrastructure, excellent connectivity, and affordable property prices. In recent times, there has been a rise in demand for residential properties in this locality, which has resulted in an upward trend in the property prices.
The average rate per square foot of property in New Panvel East has been steadily increasing over the past few quarters. According to the data provided, the average rate per square foot in Q1'22 was 13661, which increased to 12940 in Q2'22, and further increased to 13176 in Q3'22. The trend continued in Q4'22 and Q1'23, where the average rate per square foot remained stable at 13180 and 13179, respectively. This indicates that the property prices in this locality have remained stable over the past few quarters.
Another important factor that affects the real estate market is the number of transactions. The data provided shows that the number of transactions in New Panvel East has been increasing steadily. In Q1'22, there were 68 transactions, which increased to 82 in Q2'22. In Q3'22, the number of transactions increased to 88, and thereafter decreased to 77 in Q4'22. The trend continued in Q1'23, where the number of transactions increased again to 79. This indicates that there is a healthy demand for properties in this locality.
In conclusion, the data provided shows that New Panvel East is a growing residential locality with a stable property market. The average rate per square foot has been increasing steadily, while the number of transactions has been increasing as well. This indicates that there is a healthy demand for properties in this locality, which makes it an attractive option for homebuyers and investors.
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