Summary For Ramamurthy Nagar
Introduction:
This research report provides an overview of the real estate market in Ramamurthy Nagar. The report focuses on sales transactions, gross sales value, current rate/sq.ft, and price movement.
Location Summary:
Ramamurthy Nagar is a residential locality situated in the eastern part of Bangalore. The locality is well-connected to major areas of the city through Outer Ring Road, Old Madras Road, and NH-4. The locality is surrounded by areas like KR Puram, Kasturi Nagar, Banaswadi, and Horamavu. The locality is known for its good infrastructure, educational institutions, hospitals, and malls.
Sales Transactions:
The locality has witnessed 206 sales transactions in the last few years. The sales transactions in the locality have been increasing due to the availability of good infrastructure and connectivity. The demand for residential properties in the locality is high due to the presence of IT parks and educational institutions.
Gross Sales Value:
The gross sales value of Ramamurthy Nagar is ₹ 85 Cr. The locality has witnessed a steady increase in the gross sales value over the years due to the growing demand for residential properties.
Current Rate/Sq.ft:
The current rate/sq.ft in Ramamurthy Nagar is ₹ 5,492. The locality has witnessed a steady increase in the rate/sq.ft over the years due to the growing demand for residential properties. The locality offers properties in the range of 1 BHK to 4 BHK, making it suitable for families of all sizes.
Price Movement:
The price movement in Ramamurthy Nagar has been positive, with a growth of ₹ 515. The steady price movement in the locality indicates that it is a good investment option for homebuyers and investors.
Conclusion:
In conclusion, Ramamurthy Nagar is a growing locality with good infrastructure and connectivity. The locality has witnessed a steady increase in sales transactions, gross sales value, current rate/sq.ft, and price movement. The steady growth in the locality indicates that it is a good investment option for homebuyers and investors.
Top Selling Projects for Ramamurthy Nagar
Bangalore, the Silicon Valley of India, is a bustling city with a booming real estate market. One of the top localities in Bangalore is Ramamurthy Nagar, which is known for its excellent connectivity and proximity to major IT hubs. If you are looking to invest in a property in Ramamurthy Nagar, then you must check out the top-selling projects by value.
First on the list is Mathrusris Sai Sanvi Grandeur, a luxurious project that offers premium 2, 3, and 4 BHK apartments. The project boasts of world-class amenities such as a swimming pool, gymnasium, clubhouse, and landscaped gardens. The current rate for the project is ₹ 5,783 per sq. ft., and the sale value for a 2 BHK apartment is around ₹ 8 Cr. Additionally, the project has witnessed a change value of +₹ 553, making it a highly sought-after property.
Next up is North East Platinum, a project that offers spacious 2 and 3 BHK apartments. The project is strategically located near major IT hubs and offers easy access to all parts of the city. The sale value of a 2 BHK apartment in North East Platinum is around ₹ 1 Cr. Though there has been no recent change in the project's value or rate, it remains a popular choice among homebuyers.
Last but not least is Sri Sai Skanda Apartment, a budget-friendly project that offers 2 and 3 BHK apartments. The project is located in a prime location and offers easy access to various amenities such as schools, hospitals, and shopping malls. The sale value of a 2 BHK apartment in Sri Sai Skanda Apartment is around ₹ 1 Cr. Though there has been no recent change in the project's value or rate, it remains a popular choice among homebuyers who are looking for affordable housing options.
In conclusion, if you are planning to invest in a property in Ramamurthy Nagar, then the top-selling projects by value mentioned above are worth considering. These projects offer luxurious amenities, excellent connectivity, and affordable housing options, making them a great investment opportunity.
Price Trend For Ramamurthy Nagar
Ramamurthy Nagar is a popular residential locality in Bangalore that has witnessed a steady growth in its real estate market over the years. According to the Location Sales Trend data, the average rate per square foot in Ramamurthy Nagar has been fluctuating in the past few quarters.
In Q1'22, the average rate per square foot was recorded at 5229, which decreased to 4867 in Q2'22. The trend continued in Q3'22, with the rate dropping further to 4732. However, in Q4'22, there was a significant increase in the rate, which climbed up to 5783. This trend continued in Q1'23, with the rate remaining constant at 5783.
Moreover, the data also shows that the number of transactions in Ramamurthy Nagar has been fluctuating as well. In Q1'22 and Q3'22, there were 25 and 18 transactions, respectively. However, in Q2'22 and Q4'22, the number of transactions decreased to 10 and 10, respectively. In Q1'23, there was a slight increase in the number of transactions, with a total of 15 transactions.
Overall, the Location Sales Trend data indicates that the real estate market in Ramamurthy Nagar is experiencing fluctuations in both the average rate per square foot and the number of transactions. However, the market seems to be stabilizing with a significant increase in the average rate per square foot in Q4'22 and Q1'23. Therefore, it can be said that Ramamurthy Nagar is a locality with a promising real estate market that offers a good investment opportunity for buyers.
