Price Trend For Red Hills
The location sales trend for Red Hills shows a positive growth in the real estate market. The average rate per square foot for properties in Red Hills has increased steadily over the past year. In Q1 of 2022, the average rate per square foot was 3549, which increased to 3633 in Q2 of 2022. There was a further increase in Q3 of 2022 with an average rate per square foot of 3736. In Q4 of 2022, the average rate per square foot reached 3780. However, there was a slight dip in Q1 of 2023 with an average rate per square foot of 3618.
The number of transactions in Red Hills has also shown a positive trend. In Q1 of 2022, there were 65 transactions, which decreased to 41 transactions in Q2 of 2022. However, there was an increase in Q3 of 2022 with 45 transactions. In Q4 of 2022, there were 35 transactions, and in Q1 of 2023, there were 34 transactions.
Overall, the location sales trend for Red Hills shows a positive growth trajectory with an increasing average rate per square foot and a steady number of transactions. These trends are indicative of a healthy real estate market in the area, making Red Hills a favorable location for potential buyers and investors.
Top Selling Projects for Red Hills
Hyderabad's real estate market is booming, with new projects popping up all over the city. But which projects are the top selling ones by value? Here's a list of the five most valuable projects in Hyderabad's Red Hills neighborhood.
1. Maphars Saba Residency
With a current rate of ₹3,956 per square foot, Maphars Saba Residency is the most valuable project in Red Hills, with a sale/rent value of ₹8 crores. Despite a recent dip in value of ₹167, this project is still a top seller due to its luxurious amenities and prime location.
2. Skill Fern Heights
Coming in second is Skill Fern Heights, with a current rate of ₹4,192 per square foot and a sale/rent value of ₹4 crores. While there has been no recent change in value, this project is still a hot commodity due to its spacious apartments and proximity to major transportation hubs.
3. Irfan Residency
Irfan Residency is the third most valuable project in Red Hills, with a current rate of ₹2,850 per square foot and a sale/rent value of ₹2 crores. This project is a great option for those looking for affordable luxury in a prime location.
4. Maphar Baigs Pinnacle
With a current rate of ₹3,577 per square foot and a sale/rent value of ₹2 crores, Maphar Baigs Pinnacle is the fourth most valuable project in Red Hills. While there has been no recent change in value, this project is still a popular choice due to its modern amenities and convenient location.
5. Isha Vistas
Last but not least is Isha Vistas, with a current rate of ₹4,256 per square foot and a sale/rent value of ₹2 crores. While this project is the newest on the list, it has quickly become a top seller due to its luxurious features and stunning views.
Overall, these top selling projects by value in Red Hills are a testament to Hyderabad's growing real estate market. Whether you're looking for luxury or affordability, there's something for everyone in this thriving neighborhood.
Summary For Red Hills
Location Summary: Red Hills
Red Hills is a rapidly developing neighborhood in Chennai, Tamil Nadu. With 199 sales transactions and a gross sales value of ₹ 78 Cr., Red Hills is one of the most sought-after locations for real estate investments in Chennai.
The current rate per square foot in the area is ₹ 3,740, which is relatively affordable considering the neighborhood's proximity to important amenities and facilities. Moreover, the price movement in Red Hills is upward, with a positive change of ₹ 155.
In summary, Red Hills is a promising location for real estate investments in Chennai, with stable growth prospects and attractive prices.
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