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Top 21 New Residential Projects in Hanspal, Bhubaneswar

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About Hanspal, Bhubaneswar

Hanspal, situated in Bhubaneswar, is recognised for its strategic positioning and lively community. It shares its vicinity with neighbouring areas like Patrapada, Kalinga Nagar, and Pokhariput.

An eminent nearby attraction is the Kuakhai River, serving as a significant landmark for locals and tourists alike. Moreover, its proximity to notable tourist spots such as Nandankanan Zoological Park and Deras Dam enriches its allure, offering residents and visitors a blend of serenity and access to leisure destinations.

Why Should You Invest in Hanspal?

Investing in Hanspal presents several compelling opportunities. The area hosts various reputable real estate developers like Surekha Builders, Laxmi Infra Venture, Dharma Infra Project, Essen Construction, JB Assets, and Sunrise Developers. Their presence contributes to robust real estate growth and fosters trust among potential investors.

Furthermore, the average price rate in Hanspal stands at Rs. 4,700 per sq ft, experiencing a 48% increase over the past 5 years. Properties here boast a rental yield of around 2.7%, showcasing a consistent rise in property values.

Price Trends in Hanspal

Here are the price trends for real estate properties located in Hanspal, Bhubaneswar:

Year Price/Sq ft
2019 Rs. 3,000
2020 Rs. 3,900
2021 Rs. 3,100
2022 Rs. 4,500
2023 Rs. 4,700

Disclaimer: All the prices mentioned above rates have been taken from numerous available sources, which do not reflect the actual prices. This may vary as per the developers, location, and amenities.

Top 5 Reasons to Invest in Hanspal

1: Affordable Residential Projects

2: Amazing Physical Amenities

Educational Institutes Hospitals Restaurants
Kidzee Santosh Memorial Hospital and Rehabilitation Centre Royal Fast Food and Dum Biryani
Maa Auromirra Pre School Satyam Hospital Annapurna Hotel
Project U.P. Vidyalaya Santosh Memorial Hospital Fast Food
Odisha State Brigade School Health Village Hospital Hot Spot Fast Food
Naharkanta Primary School Dento Care Kadhai Take Away

3: Potential Returns

The real estate scenario in Hanspal has witnessed shifts in land rates over different periods. Land rates here have seen a decrease of roughly -12.9% in the past year, a similar decline over the last three years, a marginal increase of 0.1% in the past five years, and a significant rise of about 24% over the last decade. These trends signify steady and substantial growth in the area.

4: Great Connectivity

  • Some of the nearby railway stations from this location include Vani Vihar Railway Station (7 km), and Bhubaneswar Railway Station (4 km).
  • The approximate distance of Biju Patnaik International Airport is around 13 km from this area via NH-16.
  • Some of the nearby bus stops are Rasulgarh Bus Stop (5 km), Satsang Vihar Bus Stop (8 km), and Shahid Nagar Bus Stop (7 km).

5: Employment Options

  • The approximate distance of Software Technology Parks in India is 11 km from Hanspal.
  • Mancheswar Industrial Estate is located at an approximate distance of 3 km, accessible in less than an hour from this locality.
  • The approximate distance of Capgemini Technology Service India Limited from Hanspal is 11 km.

FAQs

What is the PIN code of Hanspal?

The PIN Code of Hanspal is 752101. It is situated in the city of Bhubaneswar, Odisha.

What is Hanspal famous for?

Hanspal is renowned for its array of tourist attractions such as Lingaraj Temple, Kuakhai River, and Hanuman Temple. Additionally, it houses significant commercial hubs such as Capgemini Technology Services India Limited, and the Mancheswar Industrial Estate.

Is Hanspal a good place to live?

Absolutely! Hanspal offers a wide range of real estate options like Sunrise Sarovar, Laxmi Residency Regal, Laxmi Imperial, and Laxmi Green View Villas. It boasts various essential amenities, including schools like Government UP School and Info Kids School, healthcare facilities like Jupiter Hospital, and dining spots such as Sonus Cave Bar and Restaurant and Hot Spot Fast Food.

What is the future of Hanspal?

In the future, the Government plans to revamp Bhubaneswar Railway Station into a multimodal hub, indicating improved travel experiences for residents. Furthermore, ongoing projects like the Capital Region Ring Road Project signify potential improvements in the area’s traffic flow.

What are the current development projects in Hanspal?

What are the top schools in Hanspal?

  • Odisha State Brigade School
  • Maa Auromirra Pre School
  • Hanspal Project UP Vidyalaya

What are the top hospitals in Hanspal?

  • Police Hospital
  • Jupiter Hospital
  • Swarna Hospital

What are the best restaurants in Hanspal?

  • Sonus Cave Bar and Restaurant
  • Komal Restaurant
  • MD Cha Khati

What are the petrol stations in Hanspal?

  • KAR Gas
  • Kenhu Lenka Petrol Pump

What are the top gyms in Hanspal?

  • Bhubaneswar Health Club
  • Fitness Bull 2.0

What are the shopping malls in Hanspal?

  • Nayak Market
  • Symphony Mall
  • The Mart Shopping Mall

What are the top hotels in Hanspal?

  • MAA RA Handisala
  • Hotel Seetal
  • Hotel New Marrion

What are the parks in Hanspal?

  • Sanjog
  • Biju Patnaik Park
  • Madhusudan Das Park
  • IMFA Park

What are the top attractions in Hanspal?

  • Kuakhai River
  • Hanuman Temple
  • Biju Patnaik Park
  • Udayagiri and Khandagiri Caves

How much does a 1 BHK cost in Hanspal?

1 BHK in Hanspal costs in the range of Rs. 30.2 Lakh to Rs. 55 Lakh.

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

The average size of a 1 BHK in Hansapal is 670 sqft.

What is the rent of a 1 BHK in Hanspal?

The rent of 1 BHK in Hanspal ranges from Rs. 6,000 to Rs. 9,500 per month.

How much does a 2 BHK cost in Hanspal?

2 BHK in Hanspal costs in the range of Rs. 48 Lakh to Rs.78 Lakh.

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

The average size of a 2 BHK in Hanspal is 1196 sqft.

What is the rent of a 2 BHK in Hanspal?

The rent of 2 BHK in Hanspal ranges from Rs. 8,000 to Rs. 14,000 per month.

How much does a 3 BHK cost in Hanspal?

3 BHK flats in Hanspal costs in the range of Rs. 68.2 Lakh to Rs. 91 Lakh.

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

The average size of a 3 BHK in Hanspal is 1733 sqft.

What is the rent of a 3 BHK in Hanspal?

The rent of 3 BHK in Hanspal ranges from Rs. 15,000 to Rs. 25,000 per month.

How much does a 4 BHK cost in Hanspal?

4 BHK flats in Hanspal costs in the range of Rs. 78.2 Lakh to Rs. 1.3 Crore.

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

The average size of a 4 BHK in Hanspal is 2050 sqft.

What is the rent of a 4 BHK in Hanspal?

The rent of 4 BHK in Hanspal ranges from Rs. 21,000 to Rs. 35,000 per month.

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