Summary For Raja Rajeshwari Nagar
Location Summary: Raja Rajeshwari Nagar
Raja Rajeshwari Nagar is a popular residential locality located in the southwestern part of Bangalore, Karnataka. The area is well-connected to other parts of the city through major roads and highways, including the Mysore Road and the NICE Road. The locality also has good access to public transportation, including buses and trains.
Sales Transactions:
According to the research report, there have been a total of 976 sales transactions in Raja Rajeshwari Nagar. This indicates a healthy demand for residential properties in the area.
Gross Sales Value:
The gross sales value of residential properties in Raja Rajeshwari Nagar is estimated to be around ₹ 365 Crores. This is a significant amount, indicating a thriving real estate market in the locality.
Current Rate/Sq.ft:
The current rate per square foot in Raja Rajeshwari Nagar is around ₹ 4,239. This is a reasonable price for a residential property in a well-connected and popular locality such as Raja Rajeshwari Nagar.
Price Movement:
The price movement in Raja Rajeshwari Nagar has been positive, with an increase of ₹ 121 in the current rate per square foot. This indicates that the real estate market in the locality is growing and that property prices are likely to continue to increase in the future.
Overall, Raja Rajeshwari Nagar is a desirable locality for residential property investments, with strong demand and a positive price movement.
Top Selling Projects for Raja Rajeshwari Nagar
Looking for the top selling projects in Bangalore's Raja Rajeshwari Nagar? Look no further than the Top Selling Projects by Value list! This list features the most sought-after projects in the area with their current rates and sale/rent values.
At the top of the list is Aryan Opulence, which has seen an increase of ₹ 181 in its value, currently priced at ₹ 4,008 with a sale/rent value of ₹ 32 Cr. Close behind is Elegant Exquisite, priced at ₹ 3,974 with a sale/rent value of ₹ 28 Cr.
Other projects on the list include Sunrise Serenity, Sri Lakshmi Paradise, Megha Maanay Homes, Panchmukhi Paradise, Suguna Upper Crest, Balaji Elite, Lakvin Valley Residency, and Vasantha Residency.
Whether you're looking to invest in a new property or simply curious about the current real estate market in Raja Rajeshwari Nagar, this list has everything you need to know about the top selling projects by value. Don't miss out on the opportunity to be a part of one of Bangalore's most desirable areas!
Price Trend For Raja Rajeshwari Nagar
Location Sales Trend in Raja Rajeshwari Nagar
Raja Rajeshwari Nagar is an emerging residential locality in Bangalore that offers a perfect blend of nature and modern amenities. The real estate market in this area has witnessed steady growth in recent years, making it one of the most sought-after locations in Bangalore.
The average rate per square foot in Raja Rajeshwari Nagar has remained stable over the last five quarters. In Q1'22, the average rate per square foot was 3848, which slightly decreased to 3785 in Q2'22. However, in Q3'22 and Q4'22, the rate decreased further to 3613 and 3711, respectively. But in Q1'23, the rate again increased to 3782, which is still lower than the rate in Q1'22.
On the other hand, the number of transactions in Raja Rajeshwari Nagar has been fluctuating. In Q1'22, there were 322 transactions, which significantly decreased to 134 in Q2'22. However, in Q3'22, the number of transactions increased to 129, but again decreased to 94 in Q4'22. In Q1'23, the number of transactions increased again to 122.
Overall, the real estate market in Raja Rajeshwari Nagar has remained stable despite fluctuations in the number of transactions. The locality is still an attractive option for investors and homebuyers who are looking for a peaceful and well-connected location in Bangalore.
