Property Rates in Bhubaneswar - Avg ₹7,000/sq ft

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Property Rates in Bhubaneswar

Property rates in Bhubaneswar average ₹7,000 per sq ft. The market has shown a positive trajectory, climbing from ₹6,800 per sq ft earlier this year. Apartment buyers are particularly active, with prices for these units rising by 3.62%. Meanwhile, the ready-to-move segment continues to command a premium, with projects currently averaging ₹8,600 per sq ft, reflecting a significant 15.19% increase that highlights strong demand for immediate occupancy in the city's residential hubs.

Insights

Insights for Bhubaneswar Real Estate Market Overview

The residential market in Bhubaneswar displays a clear upward momentum, driven by steady demand for established apartment complexes and ready-to-move projects. While the broader city average sits at ₹7,000 per sq ft, premium residential developments in areas like Raghunathpur are setting new price benchmarks. Investors and homebuyers are increasingly focusing on completed projects, where the limited supply of move-in ready units has pushed prices upward by over 15% this year. The market remains resilient, with consistent quarterly growth observed throughout 2026.

Apartment prices have appreciated by 3.62%, now averaging ₹7,000 per sq ft.
Ready-to-move projects are commanding a strong average rate of ₹8,600 per sq ft.
Mani Tribhuvan in Raghunathpur has seen a notable price increase of 13.26%.
Ashiana Royal Lagoon, also in Raghunathpur, recorded a substantial value gain of 15.09%.
Villa property values have seen a market adjustment of -4.92%, currently averaging ₹4,400 per sq ft.

Market Strengths

Consistent quarterly price appreciation for apartment units across the city.
Strong buyer appetite for ready-to-move projects, pushing prices to an average of ₹8,600 per sq ft.
High-end projects like Mani Tribhuvan demonstrate strong brand equity with a 13.26% value increase.
Ashiana Royal Lagoon's 15.09% growth highlights the robust demand for luxury residential infrastructure.
Steady city-wide average of ₹7,000 per sq ft indicates a stable and maturing real estate market.

Market Challenges

Villa segment values have experienced a decline of -4.92%, suggesting a softening in demand for this property type.
Projects like Sai Krishna Panchawati Residency have seen a price correction of -12.32%, indicating local market fluctuations.
Shree Mahodadhi Nilaya in Tamando recorded a marginal price dip of -0.07%.

Investment Opportunities

Ready-to-move apartments offer high capital appreciation potential, evidenced by the 15.19% price growth in this segment.
Apartment units in well-connected areas maintain a steady growth trend of 3.62%.
Premium projects in Raghunathpur have shown double-digit value growth, with rates exceeding ₹11,800 per sq ft.
Lower entry-point villas at ₹4,400 per sq ft offer value for investors looking for long-term hold opportunities.

Top Micromarkets in Bhubaneswar

Bhubaneswar South

Avg Price ₹ 6,450 /Sq.Ft.

YOY -4.61 %

LISTINGS 232

Bhubaneswar West

Avg Price ₹ 7,700 /Sq.Ft.

YOY -0.85 %

LISTINGS 191

Bhubaneswar North

Avg Price ₹ 7,350 /Sq.Ft.

YOY + 19.34 %

LISTINGS 28

Bhubaneswar East

Avg Price ₹ 7,000 /Sq.Ft.

YOY + 3.72 %

LISTINGS 22

Price Trend

Bhubaneswar Property Price Trends and Appreciation

Property rates in Bhubaneswar have shown a steady climb throughout the year, moving from ₹7,150 per sq ft in late 2025 to ₹6,800 per sq ft in the first quarter of 2026. This upward trend continued into June 2026, where the average rate reached ₹7,000 per sq ft. This growth indicates a recovering market with sustained interest from potential homeowners.

Asking Price Trends

₹ 7,000/Sq.Ft + 3.62 % QoQ

Dec 2025 — Sep 2026

Quarter	City Rate
Sep 2026	0
Jun 2026	7000
Mar 2026	6800
Dec 2025	7150

About Asking Price Trends

Bhubaneswar Property Price Comparison

By Property Type
By Property Status

Type	Rate (₹/Sq.Ft)	Change %
Villa	4,400	-4.9
Apartment	7,000	3.6

Bhubaneswar's real estate market caters to distinct buyer preferences across its property categories. Apartments lead the residential segment, averaging ₹7,000 per sq ft with a positive growth of 3.62%. In contrast, villa options are currently priced at ₹4,400 per sq ft, reflecting a market adjustment of -4.92% that provides a more accessible entry point for those seeking larger living spaces.

Status	No of Project	Rate (₹/Sq.Ft)	Change %
Ready To Move	8	8,600	15.2
Under Construction	-	-	-

The Bhubaneswar market offers properties primarily in the ready-to-move stage, catering to those who prioritize immediate occupancy. These ready-to-move projects, comprising 8 units, average ₹8,600 per sq ft and have experienced a significant value increase of 15.19%. This strong performance underscores the high preference for completed developments among local buyers.

Project & Developer Insights

Top Residential Projects and Developers in Bhubaneswar

Tata ₹ 35.34 L - ₹ 1.22 Cr

1 Projects
35 Years

Motwani Constructions Pvt Ltd ₹ 24.12 L - ₹ 1.32 Cr

5 Projects

Trellis Infrastructure Pvt Ltd ₹ 12.6 L - ₹ 37.12 L

4 Projects

KN Multiprojects And Infrastructure Pvt Ltd ₹ 13.83 L - ₹ 39.07 L

3 Projects

M/S Subhasri Builders Pvt Ltd ₹ 31.98 L - ₹ 31.98 L

2 Projects

Milan ₹ 44.24 L - ₹ 52.5 L

2 Projects

Royal

2 Projects

Sai Krishna Homes Pvt Ltd ₹ 16.57 L - ₹ 44.35 L

2 Projects

Panda Infratech Ltd ₹ 63.46 L - ₹ 94.35 L

2 Projects

Bivab Developers P Ltd ₹ 24.75 L - ₹ 61.82 L

2 Projects

Top Projects by Listing Rates

Listing Rate

Project Name	Rate (₹/Sq.Ft)	Change %
Mani Tribhuvan, Raghunathpur	12,050	13.3
Ashiana Royal Lagoon, Raghunathpur	11,800	15.1
Krishna Residency, Nayapalli	9,550	-
Tata Ariana, Kalinga Vihar	9,300	5.5
Metro City, Nayapalli	7,700	-
Rashmi Delight, Hanspal	6,850	-
Motwani Mj Icon, Tamando	6,400	-
Shree Mahodadhi Nilaya, Tamando	6,050	-0.1
Sai Krishna Panchawati Residency, Patia	5,600	-12.3
Motwani Gm Terrace, Phulanakhara	5,350	-

Premium residential developments in Bhubaneswar are commanding significant asking prices, reflecting their luxury positioning and prime locations. Leading the segment, Mani Tribhuvan in Raghunathpur is priced at ₹12,050 per sq ft with a 13.26% increase, while Ashiana Royal Lagoon in the same area follows at ₹11,800 per sq ft with a 15.09% gain. Other notable projects like Krishna Residency in Nayapalli at ₹9,550 per sq ft and Tata Ariana in Kalinga Vihar at ₹9,300 per sq ft continue to anchor the upper end of the market.

Explore Property Rates in Top Cities

Mumbai

Avg. Asking Price ₹ 37,700 /Sq.Ft

Govt Registration Rate ₹ 18,300 /Sq.Ft

Delhi

Avg. Asking Price ₹ 18,200 /Sq.Ft

Thane

Avg. Asking Price ₹ 16,000 /Sq.Ft

Govt Registration Rate ₹ 9,650 /Sq.Ft

Gurgaon

Avg. Asking Price ₹ 15,100 /Sq.Ft

Pune

Avg. Asking Price ₹ 13,550 /Sq.Ft

Govt Registration Rate ₹ 8,750 /Sq.Ft

Noida

Avg. Asking Price ₹ 12,650 /Sq.Ft

Govt Registration Rate ₹ 9,100 /Sq.Ft

Bangalore

Avg. Asking Price ₹ 12,400 /Sq.Ft

Chennai

Avg. Asking Price ₹ 9,200 /Sq.Ft

Kolkata

Avg. Asking Price ₹ 6,800 /Sq.Ft

Lucknow

Avg. Asking Price ₹ 6,600 /Sq.Ft

Govt Registration Rate ₹ 7,550 /Sq.Ft

Top Localities in Bhubaneswar By Property Prices

Raghunathpur

Avg. Asking Price ₹ 9,800 /Sq.Ft

Chandrasekharpur

Avg. Asking Price ₹ 9,000 /Sq.Ft

Kalinga Vihar

Avg. Asking Price ₹ 8,600 /Sq.Ft

Sundarpur

Avg. Asking Price ₹ 8,000 /Sq.Ft

Jagamara

Avg. Asking Price ₹ 7,500 /Sq.Ft

Kanan Vihar

Avg. Asking Price ₹ 7,450 /Sq.Ft

BJB Nagar

Avg. Asking Price ₹ 7,150 /Sq.Ft

Pokhariput

Avg. Asking Price ₹ 7,000 /Sq.Ft

Khandagiri

Avg. Asking Price ₹ 6,900 /Sq.Ft

Nandan Vihar

Avg. Asking Price ₹ 6,700 /Sq.Ft

FAQ

Frequently Asked Questions About Property Rates in Bhubaneswar

What is the current average asking price in Bhubaneswar?

As of September 2026, the average asking price in Bhubaneswar stands at ₹7,000 per sq ft. This figure reflects an appreciation of 3.62% compared to previous periods, indicating a resilient demand for residential properties within the city.

How have property prices in Bhubaneswar trended in recent quarters?

Property prices in Bhubaneswar have shown a fluctuating trajectory over the past year. While the average asking price was ₹7,150 per sq ft in December 2025, it adjusted to ₹6,800 per sq ft in March 2026 before rising to ₹7,000 per sq ft by June 2026, demonstrating a dynamic market environment for buyers and investors.

How do property rates differ between apartments and villas in Bhubaneswar?

As of September 2026, apartments in Bhubaneswar command an average price of ₹7,000 per sq ft, which has appreciated by 3.62% over the observed period. In contrast, villas are currently priced at an average of ₹4,400 per sq ft, reflecting a depreciation of 4.92% compared to the previous period, suggesting a shift in buyer preference or supply dynamics toward apartment-style living.

What is the price difference between Ready To Move and other property statuses in Bhubaneswar?

Ready To Move properties in Bhubaneswar are currently priced at an average of ₹8,600 per sq ft as of September 2026. This segment has seen significant growth, appreciating by 15.19% compared to the previous period, which highlights a strong preference among end-users for immediate possession and reduced construction risk.

Which projects in Bhubaneswar currently command the highest listing rates?

As of September 2026, Mani Tribhuvan in Raghunathpur leads with a listing rate of ₹12,050 per sq ft, having appreciated by 13.26% over the observed period. It is closely followed by Ashiana Royal Lagoon, also in Raghunathpur, at ₹11,800 per sq ft, which has seen an appreciation of 15.09%. These projects represent the premium segment of the Bhubaneswar real estate market.

Are there any notable price corrections in Bhubaneswar's residential projects?

Yes, some projects have experienced price corrections as of September 2026. For instance, Sai Krishna Panchawati Residency in Patia is currently listed at ₹5,600 per sq ft, reflecting a depreciation of 12.32% compared to the previous period. Similarly, Shree Mahodadhi Nilaya in Tamando is priced at ₹6,050 per sq ft, showing a marginal depreciation of 0.07%.

How should a buyer interpret the current property rates in Bhubaneswar?

Buyers should view the current average asking price of ₹7,000 per sq ft as a benchmark for the city, but they should also consider the significant premium commanded by Ready To Move projects, which average ₹8,600 per sq ft. With an appreciation of 3.62% in the apartment segment, the market indicates steady demand, making it essential for buyers to compare project-level rates, such as the high-end pricing in Raghunathpur versus more accessible options in Hanspal or Tamando, before finalizing their investment.

Top Appreciating Localities in Bhubaneswar