India >> Maharashtra >> Mumbai City

Exploring Dadar's residential real estate scene, January recap

PNT Reporter | Last Updated : 18th Mar, 2024

Synopsis

Dadar, a vibrant locality in Mumbai, witnessed a bustling real estate market in January, with 26 apartments sold across 17 buildings. Resale transactions dominated, comprising over half of the sales, while developer sales accounted for nearly one-third. Ruparel Luminare and Bombay Realty Island City Center (ICC) led sales, each closing three deals. The most expensive apartment, sold in ICC, fetched INR 8.35 crores, while the most affordable option was in Mohan Naik CHS at INR 32.5 lakhs. Apartments ranged from 160 to 2,072 square feet, with rates per square foot varying from INR 12,000 to INR 52,200. Approximately 46% of flats sold were in the 1-500 square feet range, with significant sales in other size categories. One-third of sales were below INR 1 crore, 42% fell between INR 1 crore and INR 5 crore, and 23% were in the 5 crores to 10 crores range.

Dadar, situated in the heart of Mumbai, India, is a bustling locality known for its vibrant culture, rich history, and strategic location. It serves as a major transportation hub with easy access to both the central and western suburbs of the city. The area boasts a mix of residential and commercial spaces, offering residents a dynamic living environment with a wide range of amenities.

In January, Dadar witnessed a flurry of activity with 26 apartments exchanging hands across 17 buildings. Resale contributed more than half of the sales whereas close to one-third of the sales were developer sales.

Ruparel Luminare and Bombay Realty Island City Center (ICC) lead the charts in selling most apartments in January. Both of them equally contributed by closing 3 deals each. This was followed by Kashinath Dhuru Hall, Atlantic plaza,Suraj Park View, Supreme Melange and Mohan Naik CHS which closed 2 deals each.

The most expensive apartment was sold in Bombay Realty Island city center ICC for a consideration of INR 8.35 crores for an average rate per square foot of INR 42,842. On the other hand the most affordable option was in Mohan Naik CHS where a flat was sold for INR 32.5 Lakhs. The largest carpet area was sold in Oceana Apartments measuring 2,072 square feet and the coziest flat was sold in Sadguru Sadan measuring 160 square feet.

The rate per square foot for Dadar ranged between INR 12,000 to INR 52,200 and the weighted average rate per square foot for the locality is about INR 31,778. About 46% of the flats have been sold between 1 and 500 square feet category. Close to 30% of the flats were sold in the range of 501-1000 square feet and there was a single exchange of apartments in the range of 1001-1500 and 2001-2500 square feet category. There were a remarkable number of flats sold between the 1501-2000 square feet constituting around 20% of the total sales.

Close to one-third of the flats in Dadar were sold below INR 1 crore. Around 42% of the flats exchanged hands in the INR 1 crore and INR 5 crore range. While around 23% of the flats were sold in the 5 crores to 10 crores category.

Next (Zolo Stays launches 'Zolo Diya' for women in Bengaluru)

India >> Maharashtra >> Mumbai City

Exploring Dadar's residential real estate scene, January recap

Synopsis

Recent Messages