Bhubaneswar
Forest Park currently stands as a premium residential destination in Bhubaneswar, with property rates averaging ₹10,450 per sq ft. The market has seen a moderate transition in pricing over the last few quarters, moving from a peak of ₹12,300 per sq ft in late 2025 to its current level. This shift provides a more competitive entry point for those looking to invest in one of the city's most sought-after neighborhoods. The local apartment segment remains the primary focus for buyers, reflecting a steady demand for high-quality living spaces within this well-connected area.
The average asking price in Forest Park is ₹10,450 per sq ft as of September 2026. This figure reflects a depreciation of 3.27% compared to the previous quarter, indicating a market correction in the area. Such adjustments are often observed when supply levels fluctuate or buyer sentiment shifts, providing a more accessible entry point for potential residents compared to the higher price points seen in late 2025.
Property prices in Forest Park have shown a downward trajectory throughout 2026, moving from an average of ₹10,800 per sq ft in March 2026 to ₹10,450 per sq ft by June 2026. Looking back further, the area recorded an average of ₹12,300 per sq ft in December 2025. This consistent trend suggests a period of price softening, which may be beneficial for end-users looking to acquire residential apartments in this established locality at a more competitive valuation than in the previous year.
Apartments in Forest Park are currently priced at an average of ₹10,450 per sq ft as of September 2026. This rate represents a depreciation of 3.27% when compared to the pricing observed in the preceding quarter. As the primary residential property type in the area, this price point serves as the benchmark for buyers evaluating the cost of living in this specific locality.
A buyer should interpret the current price trend in Forest Park as a period of market stabilization following the higher valuations seen in late 2025. With the average asking price currently at ₹10,450 per sq ft as of September 2026, the 3.27% depreciation from the previous quarter suggests that the market is currently favoring buyers. This environment allows for more negotiation leverage and a lower capital requirement compared to the peak rates of ₹12,300 per sq ft recorded in December 2025.
