Summary For Sector-16
Location Summary Report for Sector-16:
Sector-16 is a prime location in the city with a rental rate of ₹14 per square foot. The area has witnessed a total of 910 sales transactions with a gross sales value of ₹345 crores. The current rate per square foot in this area is ₹3,402.
Sector-16 is a highly sought-after location for both residential and commercial purposes. The area is well-connected and has easy access to transportation, making it a preferred choice for many. The rental rate of ₹14 is reasonable, and the current rate per square foot is competitive, making it a lucrative investment opportunity.
In terms of sales transactions, the area has seen a substantial number of transactions, indicating a high demand for properties in this location. The gross sales value of ₹345 crores further reinforces the popularity of this area.
In conclusion, Sector-16 is an attractive location for real estate investment, with a reasonable rental rate, a high number of sales transactions, and a competitive rate per square foot. This area is likely to continue to be in demand, making it a potentially profitable investment for those considering real estate opportunities.
Top Selling Projects for Sector-16
Greater Noida's Sector-16 is quickly becoming one of the most sought-after locations for real estate investments, and for good reason. The area boasts of some of the most impressive projects in the city, with top-notch amenities and facilities. Here are the top selling projects by value in the area:
1. Strategic Royal Court: With a current rate of Rs. 3,458 and a sale/rent value of Rs. 50 Cr, Strategic Royal Court is one of the most luxurious projects in the area. The project offers a range of amenities including a swimming pool, gymnasium, and clubhouse.
2. Gulshan Bellina: With a current rate of Rs. 3,300 and a sale/rent value of Rs. 36 Cr, Gulshan Bellina is another impressive project in the area. The project offers a range of amenities including a swimming pool, gymnasium, and children's play area.
3. Ajnara Le Garden: With a current rate of Rs. 3,600 and a sale/rent value of Rs. 16 Cr, Ajnara Le Garden is a well-planned project that offers a range of amenities including a swimming pool, gymnasium, and clubhouse.
4. Nirala Aspire: With a current rate of Rs. 3,581 and a sale/rent value of Rs. 7 Cr, Nirala Aspire is a well-designed project that offers a range of amenities including a swimming pool, gymnasium, and children's play area.
5. Emenox La Solara: With a current rate of Rs. 3,049 and a sale/rent value of Rs. 3 Cr, Emenox La Solara is a well-crafted project that offers a range of amenities including a swimming pool, gymnasium, and clubhouse.
In conclusion, if you are looking for a real estate investment in Greater Noida, Sector-16 is definitely the place to be. With top-notch projects like Strategic Royal Court, Gulshan Bellina, Ajnara Le Garden, Nirala Aspire and Emenox La Solara, you are sure to find a project that suits your needs and preferences.
Price Trend For Sector-16
Location Sales Trend for Sector-16 shows a mixed picture of the real estate market in the area. The data provided for the average rate per square foot and the number of transactions indicate a fluctuating market.
As per the data, the average rate per square foot for Sector-16 was 3438 in Q1'22, which increased to 3514 in Q2'22 but then decreased to 3318 in Q3'22. In Q4'22, it slightly increased to 3337, and in Q1'23, it was 3326. This indicates that the real estate market in Sector-16 has been somewhat stable, with only slight fluctuations in the average rate per square foot.
On the other hand, the number of transactions in Sector-16 has been volatile. In Q1'22, there were only 62 transactions, which increased significantly to 215 in Q2'22. However, in Q3'22, the number of transactions decreased to 178 and further fell to 133 in Q4'22. In Q1'23, the number of transactions increased to 196, which is still lower than Q2'22. This trend indicates that the real estate market in Sector-16 is experiencing fluctuations in demand.
Overall, the location sales trend for Sector-16 suggests that the real estate market is stable, with slight fluctuations in the average rate per square foot. However, the number of transactions indicates a volatile market with fluctuations in demand. Investors and buyers must analyze the data carefully before making any decisions.
