Summary For Parappana Agrahara
Location Summary: Parappana Agrahara
Parappana Agrahara is a popular residential locality located in the southeastern part of Bangalore. It is known for its proximity to IT parks, educational institutions, and healthcare facilities. The locality is well connected to other parts of the city through Hosur Road and NICE Ring Road.
Rental Rate: The rental rate in Parappana Agrahara is ₹ 32 per square foot. This is considered to be affordable compared to other popular residential localities in Bangalore.
Sales Transactions: In the past year, there have been 495 sales transactions in Parappana Agrahara. This indicates a strong demand for residential properties in the locality.
Gross Sales Value: The gross sales value of properties sold in Parappana Agrahara in the past year is ₹ 256 crores. This is a significant amount and indicates a healthy real estate market in the locality.
Current Rate/Sq.ft: The current rate for residential properties in Parappana Agrahara is ₹ 5,152 per square foot. This is considered to be a reasonable price for a locality that offers good connectivity and amenities.
Overall, Parappana Agrahara is a popular and affordable residential locality that has seen strong sales activity in the past year. It offers good connectivity to other parts of the city and is well suited for those working in the IT sector or seeking proximity to educational institutions and healthcare facilities.
Top Selling Projects for Parappana Agrahara
Bangalore's Parappana Agrahara is home to some of the top selling projects in the city. These projects offer the perfect mix of luxury, comfort and convenience and are highly sought after by home buyers and investors alike.
SJR Primecorp Blue Waters is one such project that is currently selling like hotcakes. With a sale value of ₹ 108 Cr., this project offers premium apartments with state-of-the-art amenities and facilities. The current rate for the project is ₹ 5,048, which has seen a significant increase of ₹ 476 in recent times.
Another project that is highly popular in Parappana Agrahara is SNN Raj Etternia. Despite a slight dip in its value of ₹ 793, the project continues to be a favorite among buyers, thanks to its prime location, high-end features and great connectivity. The current rate for the project is ₹ 5,330.
Iconest 5 is another project that is rapidly gaining popularity among buyers. This project offers spacious apartments with modern amenities and is priced at ₹ 7,281 per unit. The project has not seen any significant changes in its value recently, but it continues to attract buyers with its attractive features and amenities.
Bluebells and GK Jewel City are two other projects that are worth considering. While the former offers spacious apartments at a reasonable price, the latter is an affordable option for those looking for a home that is easy on the pocket.
In conclusion, Parappana Agrahara is home to some of the top selling projects in Bangalore. With a range of projects to choose from, buyers are spoilt for choice and can find a home that meets their specific needs and budget.
Price Trend For Parappana Agrahara
Location Sales Trend: Parappana Agrahara
Parappana Agrahara is a rapidly developing locality in Bangalore, known for its proximity to Electronic City and other IT hubs. The real estate market in this area has been witnessing a steady growth in recent years, with a significant increase in the demand for residential and commercial properties.
Average Rate/Sq.Ft:
The average rate per square foot for properties in Parappana Agrahara has been on an upward trend over the past few quarters. In Q1'22, the average rate was recorded at 4693 per sq.ft, which increased to 4792 per sq.ft in Q2'22. The trend continued in Q3'22, with the average rate shooting up to 5285 per sq.ft, and further increasing to 5434 per sq.ft in Q4'22. In the first quarter of 2023, the average rate was recorded at 5403 per sq.ft. This indicates that the real estate market in Parappana Agrahara is poised for growth, and investing in properties in this area could yield high returns in the long run.
No of Transactions:
The number of transactions in Parappana Agrahara has been fluctuating over the past few quarters. In Q1'22, the number of transactions recorded was 85, which decreased to 75 in Q2'22. However, the trend reversed in Q3'22, with the number of transactions increasing to 96. In Q4'22, the number of transactions decreased to 68, but saw a significant increase to 91 in Q1'23. This indicates that the demand for properties in this area is on the rise, and more people are considering Parappana Agrahara as a lucrative location for investment.
In conclusion, the real estate market in Parappana Agrahara is witnessing a steady growth, and investors can consider this location as a viable option for long-term investment. The increasing average rate per square foot and the fluctuating number of transactions indicate that the market is growing, and there is potential for high returns in the future.
