Price Trend For Parel
Location Sales Trend: Parel
Parel is a popular residential area located in South Mumbai. It is known for its upscale lifestyle, proximity to business districts, and excellent connectivity. The Location Sales Trend data for Parel provides insights into the average rate per square foot and the number of transactions in the area.
According to the data, the average rate per square foot in Parel is on an upward trend. In Q1'22, the average rate was 32,283 rupees per square foot, which increased to 33,213 rupees per square foot in Q1'23. This represents a growth of approximately 3% in a year. The trend suggests that the property market in Parel remains strong and is likely to continue to grow in the future.
In terms of the number of transactions, the data shows that there is a fluctuating trend. In Q1'22, there were 106 transactions in Parel, which increased to 162 transactions in Q3'22. However, the number of transactions decreased to 124 in Q4'22. It then increased to 134 transactions in Q1'23. The data suggests that the real estate market in Parel is relatively stable, with some fluctuations in the number of transactions.
Overall, the Location Sales Trend data for Parel indicates that the property market in the area is strong and poised for growth in the future. The average rate per square foot is on an upward trend, and the number of transactions is relatively stable, with some fluctuations. These insights can be useful for buyers, sellers, and investors who are interested in the property market in Parel.
Summary For Parel
Location Summary: Parel
Parel is one of the prime locations in Mumbai, known for its excellent connectivity, top-notch infrastructure, and proximity to major business districts. The area is also home to some of the best residential properties, making it a popular choice among investors and homebuyers.
Rental Rate: The average rental rate in Parel is ₹99 per sq.ft. This is relatively affordable compared to other premium locations in Mumbai, making it an attractive option for tenants.
Sales Transactions: Parel has witnessed 1,180 sales transactions in the last year. This indicates that the demand for properties in this location is quite high, and investors can expect good returns on their investment.
Gross Sales Value: The total gross sales value of properties sold in Parel in the last year is estimated at ₹2,479 Cr. This is a significant amount, indicating a healthy real estate market in the area.
Current Rate/Sq.ft: The current rate per sq.ft in Parel is around ₹30,674. This is on the higher side, but it is justified given the location's prime status and excellent connectivity.
Overall, Parel is an excellent location for real estate investments, with high demand, affordable rental rates, and a healthy market. Investors can expect good returns on their investment in the long term.
Top Selling Projects for Parel
Mumbai's real estate market is one of the most lucrative and competitive in India. Parel, a well-established locality in Mumbai, has some of the most sought-after residential projects. If you are looking for a luxurious and spacious home, then you must check out the Top Selling Projects by Value in Parel.
IndiaBulls Sky Forest is one of the most premium residential projects in Parel. With a sale value of ₹ 626 Cr., this project offers world-class amenities and breathtaking views of the city. Despite a dip of ₹ 232, the current rate of ₹ 34,491 is still attractive to potential buyers.
L&T Crescent Bay is another luxurious project that has a sale value of ₹ 320 Cr. This project offers spacious apartments and stunning sea views. The current rate of ₹ 34,553 has increased by ₹ 1,239, making it a lucrative investment option.
Bhoomi Simana is a budget-friendly project that offers affordable yet comfortable living. With a sale value of ₹ 157 Cr., this project has a current rate of ₹ 32,965.
Peninsula Celestia Spaces is a premium project that offers luxurious amenities and a serene environment. With a sale value of ₹ 119 Cr., the current rate of ₹ 34,651 has increased by ₹ 1,803.
Runwal Nirvana is a project that offers spacious apartments and modern amenities. Despite a dip of ₹ 174, the sale value of ₹ 103 Cr. and current rate of ₹ 31,180 make it an attractive option for potential buyers.
Kalpataru Avana is another premium project that offers world-class amenities and spacious apartments. With a sale value of ₹ 89 Cr., the current rate of ₹ 34,924 has increased by ₹ 225.
Avighna One Avighna Park is a luxurious project that offers stunning views of the city. Despite a dip of ₹ 139, the sale value of ₹ 39 Cr. and current rate of ₹ 34,249 make it an attractive option for potential buyers.
Mint Magna Apartment is a budget-friendly project that offers comfortable living and modern amenities. With a sale value of ₹ 15 Cr., the current rate of ₹ 24,889 makes it an affordable option for potential buyers.
Jyot Residency is a project that offers comfortable living and modern amenities. With a sale value of ₹ 8 Cr., the current rate of ₹ 26,296 makes it an affordable option for potential buyers.
Aakaar Tanishq Wisteria is a budget-friendly project that offers comfortable living and modern amenities. With a sale value of ₹ 7 Cr., the current rate of ₹ 26,683 makes it an affordable option for potential buyers.
In conclusion, the Top Selling Projects by Value in Parel offer a wide range of options for potential buyers. Whether you are looking for a luxurious apartment or a budget-friendly option, these projects have something for everyone. So, if you are planning to invest in real estate, then do check out these projects and make a smart investment decision.
