About

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:

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.