Property Rates in Parsik Thane

Location Summary: Parsik

Parsik is a locality situated in the city of Navi Mumbai in Maharashtra. This area is known for its good connectivity to major areas of Mumbai and Navi Mumbai. The location has experienced a rapid growth in real estate development in recent years due to its strategic location.

Rental Rate: The average rental rate in Parsik is ₹ 27 per square foot. This rate is relatively affordable compared to other prime locations in Navi Mumbai, making Parsik an attractive option for tenants looking for affordable rental properties.

Sales Transactions: In the past year, there were 234 sales transactions in Parsik. This indicates a high demand for properties in the area and reflects the growing popularity of Parsik as a desirable location for real estate investment.

Gross Sales Value: The gross sales value of properties sold in Parsik in the past year was ₹ 116 Crores. This figure indicates the value of real estate transactions in the area and highlights the potential for real estate investment in the location.

Current Rate/Sq.ft: The current rate per square foot in Parsik is ₹ 10,800. This rate is in line with the average rates for other similar locations in Navi Mumbai. This rate indicates steady growth in the real estate market in Parsik and suggests that the location is a good investment option for both buyers and investors.

In conclusion, Parsik is a location that has seen significant growth in real estate development in recent years. With its good connectivity to major areas of Mumbai and Navi Mumbai, affordable rental rates, high demand for properties, and steady growth in real estate prices, Parsik is a location worth considering for real estate investment.

Looking for the top-selling real estate projects in Thane's Parsik locality? Look no further than this list of the top projects by value. These properties offer a range of options for buyers and investors alike, with prices ranging from ₹1 crore to ₹10 crore.

At the top of the list is Nandanvan Homes, with a current rate of ₹8,847 and a sale/rent value of ₹10 crore. This project offers luxurious living spaces and modern amenities, making it a popular choice among buyers.

Next up is Shree Gopinath Sublime, with a current rate of ₹11,557 and a sale/rent value of ₹6 crore. This project boasts spacious apartments and a prime location in Parsik.

Niramaya Heights comes in third on the list, with a current rate of ₹8,223 and a sale/rent value of ₹4 crore. This project offers a range of amenities, including a gym, swimming pool, and clubhouse.

Dreams Kaveri Heights follows closely behind, with a current rate of ₹10,750 and a sale/rent value of ₹3 crore. This project offers a range of living spaces to suit different needs and budgets.

Radha Krishna Apartment comes in fifth place, with a current rate of ₹5,894 and a sale/rent value of ₹3 crore. This project offers affordable yet comfortable living spaces, making it a popular choice among budget-conscious buyers.

Rounding out the list are Ojasvi Pinnacle, Natu 9 Riviera Hills, and Chandrabhaga Park, all offering a range of living spaces and amenities to suit different needs and budgets.

No matter what your budget or lifestyle, these top-selling projects by value in Parsik are sure to offer something to suit your needs. With luxurious living spaces and modern amenities, these properties are a great investment opportunity for buyers and investors alike.

Location Sales Trend: Parsik

Parsik has been seeing a steady rise in real estate prices over the past few quarters. The average rate per square foot has been consistently increasing, with the highest increase seen in Q2'22. The data suggests that the average rate per square foot in Parsik was 7941 in Q1'22, which increased to 9416 in Q2'22, followed by 9658 in Q3'22 and 9829 in Q4'22. However, there was a slight dip in Q1'23, with the average rate per square foot dropping to 8890.

The number of transactions in Parsik has also been steadily increasing, with the highest number of transactions seen in Q1'22 and Q2'22. The data suggests that the number of transactions in Parsik was 25 in Q1'22 and Q2'22, which then reduced to 18 in Q3'22 and further dropped to 14 in Q4'22. There was a significant drop in the number of transactions in Q1'23, which dropped to 13.

The rise in real estate prices in Parsik is primarily due to its location and connectivity. Parsik is strategically located between Thane and Navi Mumbai and has excellent connectivity to the rest of Mumbai. This makes it an attractive location for both buyers and investors looking to invest in real estate.

In conclusion, Parsik has been witnessing a steady rise in real estate prices over the past few quarters, primarily due to its location and connectivity. The average rate per square foot has been consistently increasing, with a slight dip in Q1'23, and the number of transactions has been steadily increasing, with a significant drop in Q1'23. These trends suggest that Parsik is a location that is worth considering for those looking to invest in real estate.