Property Rates in Rai Village Mumbai

Location Summary:

The location of Rai Village has recently witnessed a total of 122 sales transactions with a gross sales value of ₹ 38 Cr. This indicates a high demand for real estate in the area. The current rate per square foot in the area is ₹ 9,292 which is relatively high, indicating the premium nature of the locality.

Additionally, the price movement has shown a positive trend with an increase of ₹ 56, indicating that the value of the properties in Rai Village has appreciated in recent times. This may be due to the location's proximity to important landmarks, such as schools, hospitals, and commercial centers.

Overall, Rai Village appears to be a prime location for real estate investment, with high demand and a positive price trend.

Rai Village has seen a consistent upward trend in the average rate per square foot for the past year. The data shows that in Q1'22, the average rate per square foot was 10,179 rupees, which increased to 10,362 rupees in Q4'22. However, in Q1'23, we see a dip in the average rate per square foot, which was 9,689 rupees.

In terms of the number of transactions, the data shows that there were fewer transactions in Q2'22 and Q3'22 compared to Q1'22. However, the number of transactions increased in Q4'22 to 26 and continued to rise in Q1'23 to 50.

Overall, the data suggests that Rai Village is a location with a high demand for real estate, as the average rate per square foot is consistently increasing. While there may have been a slight dip in Q1'23, the number of transactions suggests that the demand for real estate in Rai Village remains strong. As such, it may be a good investment opportunity for those looking to enter the real estate market.

Mumbai's real estate market is known for its dynamic and ever-evolving nature. With numerous projects popping up in every nook and corner of the city, it can be overwhelming for homebuyers to decide which one to invest in. However, we've compiled a list of the top-selling projects by value in Rai Village, Mumbai, to make your decision easier.

1. Raj Homes: This project has been gaining popularity among homebuyers due to its prime location and luxurious amenities. With a sale rent value of ₹24 Cr, Raj Homes has witnessed a change value of +₹894 and is currently priced at ₹11,190 per square foot.

2. Sai Hanuman Tower: This project offers spacious apartments and modern amenities at an affordable price. With a sale rent value of ₹5 Cr, Sai Hanuman Tower is currently priced at ₹8,142 per square foot. Although there has been no change in the value, this project continues to be a top-seller.

3. Pragati Walchand Residency: Located in the heart of Rai Village, Pragati Walchand Residency is a premium project with world-class amenities. With a sale rent value of ₹1 Cr, this project has witnessed a change value of ₹0 and is currently priced at ₹7,960 per square foot.

These top-selling projects by value in Rai Village, Mumbai, offer a range of options for homebuyers to choose from. Whether you're looking for a luxurious lifestyle or an affordable home, these projects have something to offer. So, make an informed decision and invest in the project that suits your requirements and budget.