Raipur
The property market surrounding Dhamtari Road in Raipur is anchored by well-established residential hubs like Shankar Nagar, which continues to attract steady interest from buyers and investors. Capital values in the area are showing resilience with a slight upward trajectory, indicating sustained confidence in the locality's long-term potential. Meanwhile, the rental segment provides a different perspective, as rates have seen a notable yearly adjustment, offering potential occupants more competitive entry points into the area. Development activity remains focused on catering to evolving residential needs, ensuring a balanced mix of available inventory.
As of June 2026, the average asking price in Dhamtari Road stands at ₹3,400 per sq ft. This figure represents a notable shift from the previous quarter, where the rate was recorded at ₹4,450 per sq ft in March 2026, reflecting a market adjustment in the area.
Property rates in Dhamtari Road have shown a downward trajectory in the most recent quarter, moving from ₹4,450 per sq ft in March 2026 to ₹3,400 per sq ft as of June 2026. This trend suggests a period of price correction, which may provide a more accessible entry point for prospective homebuyers looking to invest in this locality.
When comparing the two, Shankar Nagar currently commands a higher average asking price of ₹4,450 per sq ft as of June 2026, compared to the ₹3,400 per sq ft observed in Dhamtari Road. Furthermore, Shankar Nagar has demonstrated market resilience, having appreciated by 0.97% from the previous reporting period to June 2026, indicating sustained demand in that specific neighbourhood.
As of June 2026, the average rental rate in Shankar Nagar is ₹50 per sq ft. This rate has experienced a depreciation of 13.79% compared to the previous period, which may be attributed to a shift in local rental supply or changing tenant demand dynamics in the area.
Investors looking at Shankar Nagar should note that the average rental rate currently sits at ₹50 per sq ft as of June 2026. Given the 13.79% depreciation observed since the last reporting period, landlords and investors should monitor local occupancy levels and adjust their expectations to align with the current competitive rental landscape in the locality.
