Price Trend For Old Malakpet
Old Malakpet is a popular residential area located in Hyderabad that has witnessed a consistent rise in real estate prices over the years. The location sales trend for Old Malakpet reveals that the average rate per square foot has been steadily increasing over the past few quarters.
In Q1'22, the average rate per square foot was 2334, which increased to 2807 in Q2'22, showcasing a 20% increase. The trend continued with a further increase of 3% in Q3'22, with the average rate per square foot being 2904. The prices slightly dipped in Q4'22, with the average rate per square foot being 2840, still significantly higher than Q1'22. The trend continued in Q1'23, with the average rate per square foot being 2758.
The location sales trend for Old Malakpet also shows the number of transactions that took place in the area. The number of transactions increased in Q2'22 to 29, from 22 in Q1'22, showcasing a 31% increase. However, the trend slightly dipped in Q3'22, with the number of transactions being 19. The number of transactions further decreased in Q4'22 and Q1'23, with 9 and 21 transactions, respectively.
In conclusion, the location sales trend for Old Malakpet reveals a steady increase in real estate prices over the past few quarters, with a slight dip in Q4'22. The trend also shows a fluctuation in the number of transactions, with an increase in Q2'22 and a dip in Q3'22. Nonetheless, Old Malakpet remains a popular residential area in Hyderabad, with a promising future for real estate investment.
Top Selling Projects for Old Malakpet
If you are looking for the top selling projects in Hyderabad's Old Malakpet location, you have come to the right place. Here are some of the most popular projects in the area that are worth considering:
1. Vaishnavi Enclave: This project is currently priced at ₹3,539 per square foot and offers properties for sale at around ₹2 crore. The project has witnessed a consistent increase in value over the years, making it a great investment opportunity.
2. ARK Avenue: With a current rate of ₹2,500 per square foot, this project is priced at around ₹1 crore for a property. The project has seen a steady rise in value over the years and is a popular choice among buyers.
3. Alluha Mohammadi Residency: Though the current rate of this project is unknown, it is priced at around ₹1 crore for a property. The project is known for its excellent location and amenities, making it a popular choice among homebuyers.
4. Noor Villa: This project is priced at around ₹1 crore for a property, and its current rate is unknown. The project is known for its luxury amenities and location, making it a prime choice for those looking for a premium lifestyle.
5. Rahmat Tower: The current rate of this project is unknown, but it is priced at around ₹1 crore for a property. The project is known for its excellent location and amenities, making it a popular choice among homebuyers.
In conclusion, these top selling projects in Old Malakpet, Hyderabad, offer excellent investment opportunities and a comfortable lifestyle. With a range of amenities and great locations, these projects are worth considering.
Summary For Old Malakpet
Location Summary: Old Malakpet
Old Malakpet has witnessed a total of 95 sales transactions, with a gross sales value of ₹ 27 Cr. The current rate per square foot in the area is ₹ 2,752. The price movement has been positive, with an increase of ₹ 376.
Old Malakpet is a well-established area in Hyderabad, with easy access to major transportation hubs like the Malakpet railway station and the Mahatma Gandhi Bus Station. The area has a mix of commercial and residential properties, offering a range of options to buyers and investors.
The increase in the current rate per square foot and the positive price movement indicate that Old Malakpet is a desirable location for real estate investment. The area has seen steady growth in recent times, and this trend is likely to continue in the future.
Overall, Old Malakpet is a promising location for real estate investment, with a good mix of commercial and residential properties, easy access to transportation hubs, and positive price movement.
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