Bhubaneswar, the capital of Odisha, stands as a cultural and historical hub with a rich heritage. Often referred to as the "Temple City," it embraces its past, symbolised by Chakra Kshetra and Ekamra Kshetra. Nestled in the Khordha district, Bhubaneswar aligns with the Eastern Ghats. The population of Bhubaneswar is 837,737, while the metropolitan area boasts 881,988 residents.

Apartments or flats for sale in Bhubaneswar experience a significant demand propelled by the city's historical charm. Its urban landscape is well-organised, with a grid-like road network in the central city. The infrastructure boasts around 1,600 kilometres of roads, creating a comprehensive network with an average road density of 11.82 square kilometres.

Why Buy Flats/Apartments in Bhubaneswar?

The prominence of NH (National Highway) 16, NH 203, State Highway 13, State Highway 27, and Golden Quadrilateral has significantly improved Bhubaneswar's connectivity and stimulated growth in the real estate sector.

Known for its dynamic environment, the city boasts business parks, industrial hubs, shopping malls like Nexus Esplanade and Pal Heights Mall, and educational institutions such as ODM Public School and Sai International School. Whether relishing a meal at 9th Street or savouring the ambience at The Plaza, Bhubaneswar's well-established reputation offers diverse lifestyle experiences.

To meet the demands of continuous urban expansion, the Bhubaneswar Development Authority (BDA) has proposed the creation of Bhubaneswar New City on the outskirts of the state capital. This planned development will incorporate diverse elements, including knowledge-based industries, an innovation hub, and an environmentally inclusive habitat. This initiative is expected to make Bhubaneswar an attractive destination for real estate investment.

Investment Trend in Bhubaneswar

Bhubaneswar has emerged as a preferred residential destination in Orissa due to its continuous infrastructure improvements, industrial areas, and affordable housing options. Several burgeoning areas in Bhubaneswar, including Patia, Sundarpada, Kalinga Nagar, Patrapada and Hanspal, have caught the attention of homebuyers. These, along with Rasulgarh, Sailashree Vihar, and Chandrasekharpur, are the most popular areas in Bhubaneswar to rent a home.

In areas like Khandagiri, Tamando, Phulnakhara, Pahala, and Nayapalli, the average property prices typically range from Rs. 3,850 to Rs. 7,000 per square foot. Some top-selling projects in Bhubaneswar include Surekha Orchid, Surekha Vatika, Dions Sky Walk, and Baikunth Villa.

Sqft Price for Top 20 Areas in Bhubaneswar

Here is the price list for some of the top areas in Bhubaneswar:

Neighbourhood	Price per sqft.
Patia	Rs. 6,450
Sundarpada	Rs. 3,850
Kalinganagar	Rs. 6,000
Patrapada	Rs. 6,500
Hanspal	Rs. 4,800
Khandagiri	Rs. 7,000
Phulnakhara	Rs. 5,500
Tamando	Rs. 5,000
Pahala	Rs. 6,500
Chandrasekharpur	Rs. 6,300
Rasulgarh	Rs. 6,000
Raghunathpur	Rs. 6,150
Gothapatna	Rs. 4,450
Jatni	Rs. 4,250
Madanpur	Rs. 4,250
Jagamara	Rs. 7,500
Old Town	Rs. 5,750
Ghatikia	Rs. 6,200
Dhauli	Rs. 5,000
BJB Nagar	Rs. 8,250

Disclaimer: The mentioned prices are taken from different sources and do not reflect the actual price. The price depends on the offered location, developer, and amenities.

Bhubaneswar's Real Estate Landscape

Bhubaneswar is gaining prominence as an attractive real estate destination. Bhubaneswar, a vibrant metropolis, boasts prestigious institutions like IIT Bhubaneswar, Xavier Institute of Management, Utkal University, Kalinga Institute of Industrial Technology, and Rama Devi Women's University. With an influx of students and job seekers, the real estate market in Bhubaneswar is thriving.

Notably, Saheed Nagar in Bhubaneswar is distinguished for its premium residential options, top-notch amenities, and strategic proximity to major business centres such as TCS Ltd. and Fortuna Towers, solidifying its status as one of the most affluent areas in the city.

Also, Bhubaneswar features luxury projects such as Utkal Prime, Khushi Altair, Utkal Levels, Utkal Reserve, UtkalI Square, and Archid Elite, offering residents a high-end living experience with top-notch amenities and spacious accommodations. Renowned developers like Archid Builders, Life Style Properties, Z Estates, and Utkal Builders are operational in the region.

FAQs

What are the top apartment locations in Bhubaneswar?

Tamando
Pahala
Chandrasekharpur
Rasulgarh
Raghunathpur
Madanpur
BJB Nagar

What are the most affordable flat options in Bhubaneswar?

What are the best luxury flats in Bhubaneswar?

Utkal Prime
Khushi Altair
Utkal Levels
Utkal Reserve
UtkalI Square
Archid Elite
Kishore Lifestyle
Z Padmanabha

What are the price trends for flats in Bhubaneswar?

Across 20 locations in Bhubaneswar, property prices have surged 7.46% YoY (Year-over-Year). This price is expected to go up 11% in the upcoming years.

Who are the best builders in Bhubaneswar?

What amenities are available in flats in Bhubaneswar?

24/7 Security
Power Backup
Lifts/Elevators
Parking Space
Gym/Fitness Centre
Swimming Pool
Clubhouse/Community Centre
Guest Accommodations
Proximity to Public Transport
Basic Utilities
Recreational Spaces
Maintenance Services
Pet-Friendly Facilities
Visitor Management System
Waste Management
Chit-Chat Plaza

What are the upcoming projects in Bhubaneswar?

What are the investment tips for flats in Bhubaneswar?

Choose a location for future growth and development.
Assess the resale value and overall demand of the area.
Ensure that the property has clear legal titles.
Assess the availability of essential amenities in the vicinity.
Research upcoming infrastructure and development projects in the area.
Check for sound connectivity.

What are the names of flats in Bhubaneswar with modern amenities?

Khushi Altair
Utkal Levels
Utkal Reserve
UtkalI ISquare
Archid Elite
Kishore Lifestyle
Z Padmanabha
DBA Plaza Annex
Saswat Golap Residency
Bivab Aangan
Sunrise Sarovar
Surekha Vatika

How much does a 1 BHK cost in Bhubaneswar?

The average price of 1 BHK in Bhubaneswar is Rs. 33 Lakhs to Rs. 36 Lakhs.

What is the average size of a 1 BHK in Bhubaneswar?

The average size of 1 BHK in Bhubaneswar is 516 square feet.

What is the rent of a 1 BHK in Bhubaneswar?

The rent of a 1 BHK in Bhubaneswar is Rs. 6,000 to Rs. 15,000 per month.

How much does a 2 BHK cost in Bhubaneswar?

The average price of 2 BHK in Bhubaneswar is Rs. 45 Lakhs to Rs. 90 Lakhs.

What is the average size of a 2 BHK in Bhubaneswar?

The average size of 2 BHK in Bhubaneswar is 814 square feet.

What is the rent of a 2 BHK in Bhubaneswar?

The rent of a 2 BHK in Bhubaneswar is Rs. 10,000 to Rs. 35,000 per month.

How much does a 3 BHK cost in Bhubaneswar?

The average price of 3 BHK in Bhubaneswar is Rs. 70.3 Lakh to 1.45 Crore.

What is the average size of a 3 BHK in Bhubaneswar?

The average size of 2 BHK in Bhubaneswar is 1710 square feet.

What is the rent of a 3 BHK in Bhubaneswar?

The rent of a 3 BHK in Bhubaneswar is Rs. 20,000 to Rs. 35,000 per month.

How much does a 4 BHK cost in Bhubaneswar?

The average price of 4 BHK in Bhubaneswar is Rs. 1.20 Crore to Rs. 2.75 Crore.

What is the average size of a 4 BHK in Bhubaneswar?

The average size of 2 BHK in Bhubaneswar is 3860 square feet.

What is the rent of a 4 BHK in Bhubaneswar?

The rent of a 4 BHK in Bhubaneswar is Rs. 15,000 to Rs. 70,000 per month.

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Explore Most Popular Localities for Properties in Bhubaneswar

Patia

Hanspal

Patrapada

Phulnakhara

Tamando

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