Summary For Sewri
Introduction:
This research report is focused on the real estate market in Sewri. The report provides an overview of the rental rates, sales transactions, gross sales value, and current rate per square foot in Sewri.
Location Summary:
Sewri is a locality in the eastern part of Mumbai, Maharashtra. The area is known for its proximity to the Mumbai Port Trust and is a major hub for shipping and logistics. Sewri is also home to several residential and commercial properties, making it a popular location for real estate investment.
Rental Rate:
The average rental rate in Sewri is ₹ 76 per square foot. This rate is slightly higher than the average rental rate in Mumbai, which is ₹ 70 per square foot. The high rental rate can be attributed to the high demand for properties in the area due to its proximity to the Mumbai Port Trust.
Sales Transactions:
Over the past year, Sewri has witnessed 90 sales transactions in the real estate market. This is a significant increase compared to the previous year, which saw only 60 sales transactions. The increase in sales transactions can be attributed to the growing demand for properties in the area.
Gross Sales Value:
The gross sales value of properties in Sewri is ₹ 44 crore. This is a significant increase compared to the previous year, which saw a gross sales value of only ₹ 30 crore. The increase in gross sales value can be attributed to the high demand for properties in the area, as well as the increasing property prices.
Current Rate/Sq.ft:
The current rate per square foot in Sewri is ₹ 18,139. This is significantly higher than the average rate per square foot in Mumbai, which is ₹ 13,000. The high rate per square foot can be attributed to the high demand for properties in the area, as well as the proximity to the Mumbai Port Trust.
Conclusion:
Overall, Sewri is a high-demand area for real estate investment. The rental rates, sales transactions, gross sales value, and current rate per square foot are all higher than the average for Mumbai. Investors looking to invest in the real estate market in Mumbai should consider Sewri as a potential location for investment.
Top Selling Projects for Sewri
Mumbai's real estate scene is one of the most dynamic and competitive in the country. With so many great projects to choose from, it can be challenging to identify the best ones. However, if you're looking for the top-selling projects by value in Sewri, you're in luck. Here are some of the most promising projects that are bound to impress you.
First on the list is Sarah Continental Heights. This luxurious project is currently priced at ₹18,256 per square foot and boasts a sale/rent value of ₹11 crores. Located in one of the most sought-after neighborhoods in Sewri, Sarah Continental Heights offers a range of amenities that cater to the needs of modern-day living.
Next up is P Square Ganga Avenue. This project is priced at ₹18,437 per square foot and has a sale/rent value of ₹2 crores. With its prime location and world-class amenities, P Square Ganga Avenue is an excellent investment opportunity for anyone looking to buy a property in Sewri.
Finally, we have Shanti Harbour Crest, which is priced at ₹17,265 per square foot and has a sale/rent value of ₹2 crores. This project is perfect for those who seek a peaceful and serene living environment in the heart of the city. Despite its tranquil surroundings, Shanti Harbour Crest is close to all the essential amenities and conveniences.
All three of these top-selling projects by value are excellent options for buyers looking for a premium living experience in Sewri. Whether you're looking for a luxurious apartment or a peaceful retreat, these projects have something for everyone. So, if you're in the market for a new property, make sure to check out these top projects before making a decision.
Price Trend For Sewri
Sewri is a prime location in Mumbai and has been witnessing a steady growth in real estate sales over the past few quarters. The average rate per square foot in Sewri has seen a slight dip in Q2'22 but has picked up again in the following quarters. The prices are expected to remain stable in the near future.
The number of transactions in Sewri has been fluctuating over the past few quarters, with a significant drop in Q2'22, but a sharp increase in Q1'23. This indicates that while the demand for properties in Sewri remains high, it is not consistent throughout the year.
Overall, Sewri remains a popular location for real estate investments in Mumbai, with a steady growth in sales. However, buyers and investors should keep an eye on the trend in number of transactions to make informed decisions regarding their investments.
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