The real estate market in Chandaka is currently navigating a period of price adjustment, with average rates for apartments settling at ₹5,250 per sq ft. Recent quarterly trends show a downward movement from a peak of ₹5,450 per sq ft in late 2025 to current levels, reflecting broader market shifts in Bhubaneswar. Rental activity remains active in the surrounding region, with areas like Patia recording average rental rates of ₹50 per sq ft. While the market sees fluctuations in asking prices, it continues to provide a range of residential options for potential buyers.
The average asking price in Chandaka is ₹5,250 per sq ft as of March 2026. This rate represents a depreciation of 3.38% compared to the previous period, reflecting a recent market adjustment in the area.
Property prices in Chandaka have shown a fluctuating trend throughout the recent quarters. The average asking price in Chandaka moved from ₹4,700 per sq ft in June 2025 to ₹5,450 per sq ft in September 2025, before adjusting to ₹5,400 per sq ft in December 2025 and finally reaching ₹5,250 per sq ft in March 2026. This trajectory suggests a period of price correction following the peak observed in late 2025.
Property rates in Chandaka, currently at ₹5,250 per sq ft, are generally more accessible compared to several other prominent localities in Bhubaneswar. For instance, as of March 2026, the average asking price in Andharua is ₹7,300 per sq ft (which has appreciated by 21.37%), Patia is ₹6,600 per sq ft (depreciated by 5.09%), Kalinga Nagar is ₹7,900 per sq ft (stable at 0%), and Nayapalli is ₹8,650 per sq ft (depreciated by 15.22%). These comparisons highlight that Chandaka offers a distinct price positioning within the city's broader real estate landscape.
Apartments in Chandaka are currently priced at an average of ₹5,250 per sq ft as of March 2026. This figure reflects a 3.38% depreciation compared to the previous period, which potential buyers may interpret as a more favorable entry point into the local residential market.
Sudarshan Vatika is a key residential project in Chandaka, with a current listing rate of ₹2,400 per sq ft as of March 2026. This rate has remained stable with a 0% change, offering a significantly different price point compared to the broader locality average, which may be of interest to budget-conscious buyers.
