Jogeshwari West continues to assert its status as a bustling and thriving locality within Mumbai's western suburbs. January witnessed a flurry of real estate activity, underscoring the area's popularity among homebuyers and investors alike. With an equal mix of developer sales and resale transactions, the neighborhood demonstrates its appeal to a diverse range of buyers. From Vision Heights to Hill Park Tower and beyond, the variety of residential options cater to different preferences and budgets. As Jogeshwari West evolves with modern developments while retaining its traditional charm, it remains a dynamic and sought-after destination for those seeking convenience, accessibility, and a vibrant living environment in the city of Mumbai.
Jogeshwari West, nestled in the western suburbs of Mumbai, is a vibrant and evolving locality known for its blend of residential and commercial areas. Characterized by bustling markets, cultural diversity, and a range of amenities, Jogeshwari West offers a dynamic living environment. The neighborhood boasts easy access to major transportation routes, enhancing connectivity within the city. From shopping districts to educational institutions and healthcare facilities, the area provides convenience and accessibility to its residents. With a mix of modern developments and traditional charm, Jogeshwari West caters to the needs of its diverse population.
In January, Jogeshwari West witnessed a fierce amount of activity with 47 apartments exchanging hands across 22 buildings. The sales were equally dominated by developer sales and resale. Vision Heights and Hill Park Tower lead the charts in selling most apartments in January. Both of them equally contributed by closing 6 deals each. This was followed by Lodha Bel Air which was able to manage 4 deals.
The most expensive apartment was sold in Lodha Bel Air for a consideration of INR 3.51 crores for an average rate per square foot of INR 33,179. On the other hand the most affordable option was in Adarsh Nagar Shramik CHS Jogeshwari where a flat was sold for INR 15 Lakhs. The largest carpet area was also sold in Lodha Bel Air measuring 1,058 square feet and the coziest flat was sold in Adarsh Nagar Shramik CHS Jogeshwari measuring 225 square feet.
The rate per square foot for Jogeshwari West ranged between INR 6,500 to INR 33,200 and the weighted average rate per square foot for the locality is about INR 14,362. About 65% of the flats have been sold between 500 and 1,000 square feet category and 32% of the flats were sold in the range of 1-500 square feet. Only 4% of the flats were in the range of 1000-1500 square feet.
Close to 70% of the flats in Jogeshwari West are sold below INR 1 crore. Around 30% of the flats exchanged hands in the INR 1 crore and INR 2 crore range. In the 2 crores to 3 crores category and INR 3 crores to INR 4 crores category there was a single deal each.
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