Price Trend For Saroornagar
The location sales trend for Saroornagar shows a positive outlook for the real estate market. The average rate per square foot has seen a steady increase in the past few quarters, with Q4'22 seeing the highest average rate at 3315 rupees per square foot. However, there has been a slight dip in Q1'23, with the average rate dropping to 3132 rupees per square foot.
On the other hand, the number of transactions in Saroornagar has seen a fluctuating trend. Q2'22 saw the lowest number of transactions at 11, while Q3'22 saw a significant increase to 27 transactions. The number of transactions then dropped to 25 in Q4'22 and further decreased to 23 in Q1'23.
Despite the fluctuations in the number of transactions, the steady increase in the average rate per square foot indicates a growing demand for properties in Saroornagar. This could be due to the location's proximity to important amenities such as hospitals, schools, and shopping centers. As a result, investors looking to invest in the real estate market in Saroornagar could potentially see a good return on their investment in the long term.
Top Selling Projects for Saroornagar
If you're looking for the top selling projects in Hyderabad, look no further. Our data shows that the following projects have the highest value and are in high demand:
1. Jubilee Temple Tree: This project is located in Saroornagar and has a current rate of ₹4,177. It has a sale/rent value of ₹4 Cr.
2. Sri Mahalaxmi Grand: Another project in Saroornagar, Sri Mahalaxmi Grand has a current rate of ₹2,801 and a sale/rent value of ₹3 Cr.
3. VK Trendset: Located in an undisclosed locality, VK Trendset has the same current rate and sale/rent value as Sri Mahalaxmi Grand.
4. TRG Sai Vihar: This project has seen an increase in value, with a current rate of ₹3,108 (up ₹608 from the previous rate). It has a sale/rent value of ₹3 Cr.
5. VK Serene: This project, also in an undisclosed locality, has a current rate of ₹3,000 and a sale/rent value of ₹3 Cr.
6. Sri MS Tower: Located in Saroornagar, Sri MS Tower has seen an increase in value with a current rate of ₹3,243 (up ₹429 from the previous rate). It has a sale/rent value of ₹2 Cr.
7. Lakshmi White House Shopping Complex: This project, located in an undisclosed locality, has a current rate of ₹3,037 and a sale/rent value of ₹2 Cr.
8. Shakthi Heights: This project's locality is also undisclosed, but it has a sale/rent value of ₹1 Cr.
9. Fort House: Located in Saroornagar, Fort House has a current rate of ₹3,410 and a sale/rent value of ₹1 Cr.
10. Toopran Susheela Enclave: The locality of this project is undisclosed, but it has a sale/rent value of ₹1 Cr.
These projects are highly sought after and have proven to be great investment opportunities. If you're in the market for a new property in Hyderabad, these top-selling projects should definitely be on your radar.
Summary For Saroornagar
Location Summary: Saroornagar
Saroornagar is a residential area located in the eastern part of Hyderabad, Telangana. The area has witnessed significant growth in recent years, with a rise in the number of residential and commercial developments.
Sales Transactions:
Over the past few years, the area has seen a total of 585 sales transactions. This indicates a healthy demand for real estate in the region.
Gross Sales Value:
The gross sales value of the area is estimated to be around ₹ 182 crores. This shows that the real estate market in Saroornagar is thriving and has a significant contribution to the overall economy of Hyderabad.
Current Rate/Sq.ft:
The current rate per square foot in Saroornagar is around ₹ 3,132. This rate is considered to be affordable and attractive to potential homebuyers in the region.
Price Movement:
The price movement in Saroornagar has been positive, with an increase of ₹ 389 per square foot. This indicates that the real estate market in the area is growing steadily and is expected to continue its upward trend in the future.
Overall, Saroornagar is a promising location for real estate investment due to its affordable rates, healthy demand, and positive price movement.
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