Dedicated locality research platform
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Dombivli West, nestled on the outskirts of Mumbai, is emerging as a rapidly rising residential enclave celebrated for its affordability and improving infrastructure. Situated within the Thane district, Dombivli West offers a tranquil retreat from the urban hustle, boasting meticulously planned residential complexes, esteemed educational institutions, and top-notch healthcare facilities that cater to the needs of families. With seamless access to transportation arteries and essential amenities like markets and shopping centers, Dombivli West symbolizes a lifestyle of comfort and convenience amidst a serene suburban panorama.
In February, Dombivli West witnessed a bustling real estate scene, with 58 apartments changing hands across 9 buildings. Developer sales took center stage, leading nearly 95% of total transactions. Swaminarayan City emerged as the frontrunner, clinching half of all transactions, closely followed by Amar Elegance with 8 deals sealed. Sneh Serene and Amar Galaxy also made significant contributions with 7 and 5 deals, respectively. The highest-priced apartment found its buyer in Swaminarayan City, fetching INR 69 lakhs, while the most budget-friendly option was a steal in Sneh Serene at INR 27.5 Lakhs. Amar Raj Vaibhav NX boasted the largest carpet area at 678 square feet, while Sneh Serene offered the coziest abode at 291 square feet.
The price per square foot in Dombivli West ranged between INR 7,300 to INR 14,700, with the weighted average rate hovering around INR 10,673. A staggering 67% of apartments fell within the 1-500 square feet range, while 33% were between 501-1000 square feet. Moreover, over 60% of properties in Dombivli West exchanged hands within the INR 25 lakhs to INR 50 lakhs bracket, indicating a strong demand for affordable housing. The rest were priced between INR 50 lakhs to INR 75 lakhs, providing options for buyers with higher budgets. This diversity in pricing and property size underscores the neighborhood's appeal to a wide range of homebuyers.
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