Property Rates in Sakinaka Mumbai

Location Summary: Sakinaka

Sakinaka is a suburban neighborhood located in the Andheri East area of Mumbai. It is a rapidly developing area with good connectivity to other parts of the city. The area is predominantly commercial, with a mix of residential properties as well.

Rental Rate: The average rental rate in Sakinaka is ₹59 per square foot. This indicates that the area is moderately priced, making it a viable option for both residential and commercial properties.

Sales Transactions: According to recent data, there were 193 sales transactions in the area. This suggests that there is a steady demand for properties in Sakinaka.

Gross Sales Value: The gross sales value of properties in Sakinaka is ₹163 crore. This indicates that the area is a lucrative real estate market with significant investment potential.

Current Rate/Sq.ft: The current rate per square foot in Sakinaka is ₹17,762. This rate is higher than the average rate in Mumbai, indicating that the area has a premium real estate market.

Overall, Sakinaka is a promising location for real estate investment. Its strategic location and growing commercial development make it an attractive option for both buyers and investors.

Location Sales Trend - Sakinaka

Sakinaka is a locality in Mumbai known for its commercial and residential properties. The average rate/sq.ft for properties in Sakinaka has been on an upward trend, according to the latest data for the quarters of 2022 and 2023.

In Q1'22, the average rate/sq.ft stood at 16960, which increased to 17295 in Q2'22. The trend continued with a significant rise in Q3'22, where the average rate/sq.ft reached 19350. The highest rate/sq.ft was recorded in Q4'22 at 19667. However, the trend took a dip in Q1'23, where the average rate/sq.ft fell to 18341.

The number of transactions in Sakinaka has also been on an upward trend. In Q1'22, the number of transactions was 10, which increased to 14 in Q2'22. The trend continued with 15 transactions in Q3'22 and 23 transactions in Q4'22. The highest number of transactions were recorded in Q1'23 at 25.

Overall, the location sales trend in Sakinaka has seen a rise in both the average rate/sq.ft and the number of transactions. This indicates a positive trend in the real estate market in the area. It is important to note that these trends may vary depending on the specific project and property type within the locality. It is recommended to consult with a real estate professional for a detailed analysis of the trends.

Mumbai's real estate market is renowned for its luxurious and high-end projects that offer world-class amenities and unmatched living experiences. If you're looking to invest in a premium property in Mumbai's Sakinaka area, then Top Selling Projects by Value is the perfect guide for you.

DS 72 Marina is one of the top projects in Sakinaka, Mumbai, with a sale value of ₹ 28 Cr. This luxurious project boasts of spacious apartments, modern amenities, and breathtaking views of the city. Swami Narayan Dham is another top project in the area with a sale value of ₹ 27 Cr. This project offers residents an array of amenities, including a clubhouse, swimming pool, gym, and much more.

Runwal Elina is a top-selling project in Sakinaka with a current rate of ₹ 19,237, and a sale value of ₹ 11 Cr. This project offers luxurious 3 and 4 BHK apartments with state-of-the-art amenities and facilities. With a positive change value of ₹ 1,556, investing in Runwal Elina is a wise decision.

Spenta Palazzio CHS and Gundecha Montego are two other projects listed in Top Selling Projects by Value. While the current rate and change value of these projects are not available, they offer excellent value for money and are worth considering.

In conclusion, if you're looking to invest in a premium property in Mumbai's Sakinaka area, Top Selling Projects by Value is an excellent guide to help you make an informed decision. With its detailed information on the top projects in the area, you can find the perfect project that meets your requirements and budget.