Summary For Pratap Vihar
Location Summary: Pratap Vihar
Pratap Vihar is a locality in the city of Ghaziabad, Uttar Pradesh. It is a well-developed residential area that is known for its high-quality infrastructure and amenities. In this location summary, we will take a closer look at the real estate market in Pratap Vihar.
Rental Rate: The average rental rate in Pratap Vihar is ₹14 per square foot. This means that for a 1,000 square foot apartment, the monthly rent would be around ₹14,000.
Sales Transactions: In the last year, there were 1,845 sales transactions in Pratap Vihar. This indicates a healthy demand for properties in the area.
Gross Sales Value: The total gross sales value of properties sold in Pratap Vihar in the last year was ₹578 crore. This highlights the large-scale real estate activity in the area.
Current Rate/Sq.ft: The current rate per square foot of property in Pratap Vihar is ₹4,022. This reflects the high demand for properties in the area, which has resulted in higher prices.
Overall, Pratap Vihar is a desirable location for real estate investment, with a healthy demand for properties and high-quality infrastructure. The high rental rates and sales transactions indicate that there is a good potential for returns on investment in this area.
Top Selling Projects for Pratap Vihar
Ghaziabad's Pratap Vihar locality is home to some of the best real estate projects in the area, and we have compiled a list of the top selling projects by value for you to consider.
At the top of the list is the luxurious T Homes project, with a sale or rent value of ₹60 Cr. This project boasts of world-class amenities and facilities, making it an ideal choice for those looking for a luxurious lifestyle.
Next on the list is the Prateek Grand Carnesia project, with a sale or rent value of ₹52 Cr. This project offers spacious apartments with top-notch facilities and features, making it a popular choice among homebuyers.
The Brahamaputra Enclave project, with a current rate of ₹3,691, is another top-selling project in Pratap Vihar. This project offers modern amenities and facilities, and with its prime location, it is a great investment opportunity.
The Hindon Apartment project, with a sale or rent value of ₹1 Cr., is also a top contender in the real estate market of Pratap Vihar. This project offers affordable yet comfortable living options, making it a great choice for those on a budget.
In conclusion, Pratap Vihar is home to some of the best real estate projects in Ghaziabad, and the above-mentioned top-selling projects are a testament to that. So, if you are looking to invest in a property in Ghaziabad, then be sure to consider these top-selling projects.
Price Trend For Pratap Vihar
Location Sales Trend: Pratap Vihar
Pratap Vihar is a fast-developing location in Ghaziabad. The area has seen a significant increase in real estate activities in recent years. The location sales trends suggest that the area is witnessing a steady rise in property prices and transactions.
According to the data provided, the average rate per square foot in Pratap Vihar has seen an upward trend. The average rate per square foot was 3900 in Q1'22, which increased to 3977 in Q2'22. However, there was a slight dip in Q3'22, where the average rate per square foot was 3776. But, the prices started to pick up again in Q4'22 and Q1'23, where the average rate per square foot was 4031 and 4023, respectively.
On the other hand, the number of transactions in Pratap Vihar has been fluctuating in the given quarters. The number of transactions was the lowest in Q1'22, with only 289 transactions. However, it increased significantly in Q2'22, with 327 transactions. Q3'22 saw a massive surge in the number of transactions, with 1077 recorded transactions. However, there was a sharp decline in Q4'22, with only 46 transactions. But, the number of transactions picked up again in Q1'23, with 236 transactions recorded.
Overall, the location sales trend indicates that Pratap Vihar is a promising location for real estate investment. The rise in property prices indicates that the area is in demand, and the fluctuation in the number of transactions suggests that the market is still evolving. One can expect a good return on investment in the long run.
