Hanspal, Bhubaneswar, presents a current asking price of ₹6,734 per sq ft, with no reported registration rates impacting upfront costs. The rental market data is not available for this location. Property types like apartments are priced at ₹6,734 per sq ft, while villas are available at ₹4,403 per sq ft. The market shows a slight downward trend in asking prices over the past few quarters.
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The property market in Hanspal, Bhubaneswar, has experienced some fluctuations in asking prices over the recent quarters. Looking ahead to March 2026, the asking price is projected at ₹6,734 per sq ft. This follows a trend where prices were higher in previous quarters, such as ₹6,854 per sq ft in September 2025 and ₹6,825 per sq ft in December 2025.
Hanspal's real estate market offers distinct pricing for different property types. Apartments are currently priced at ₹6,734 per sq ft, showing a slight decrease of 1.33%. Villas, on the other hand, are available at a lower average price of ₹4,403 per sq ft, reflecting a more significant drop of 4.92%.
Hanspal, Bhubaneswar, is surrounded by micromarkets with varying property rates. Palasuni stands out with an average rate of ₹6,860 per sq ft, showing a positive change of 3.42%. Other areas like Jharpada have mixed price points, with one entry at ₹6,145 per sq ft and another at ₹7,615 per sq ft. Areas such as Balianta and Pahal are priced more affordably, averaging ₹5,070 per sq ft and ₹5,086 per sq ft, respectively.
As of March 2026, the average asking price in Hanspal, Bhubaneswar is ₹6,734 per sq ft. This represents a depreciation of 1.33% from the previous period. The market currently has 20 listings. The registration rate is noted as ₹0 per sq ft, which is unusual and may indicate data limitations or specific local reporting practices.
Property rates in Hanspal, Bhubaneswar have shown a fluctuating trend over the past year. From June 2025 to March 2026, the location rate initially rose from ₹6,567 to ₹6,854 by September 2025, before declining to ₹6,734 per sq ft as of March 2026. The micromarket rate also saw fluctuations, starting at ₹5,471 in June 2025, peaking at ₹6,808 in December 2025, and settling at ₹6,749 in March 2026.
Property prices vary significantly across micromarkets near Hanspal, Bhubaneswar. As of March 2026, Palasuni shows an average rate of ₹6,860 per sq ft, appreciating by 3.42%. Jharpada has a higher average rate of ₹7,615 per sq ft, though it has depreciated by 11.17%. Other micromarkets like Balianta and Pahal are priced lower, around ₹5,070 and ₹5,086 per sq ft respectively, with no reported change in rates.
In Hanspal, Bhubaneswar, apartments currently have an average price of ₹6,734 per sq ft as of March 2026, showing a depreciation of 1.33% from the previous period. Villas in the area are priced at an average of ₹4,403 per sq ft, experiencing a more significant depreciation of 4.92% over the same timeframe.
The provided data indicates an average rental rate of ₹0 per sq ft in Hanspal, Bhubaneswar, with a rental yield marked as 'NA'. This suggests that current rental income data might be unavailable or not applicable for this specific period or locality within the dataset. For a more precise understanding of rental income potential, further localized data would be beneficial.
Within the micromarkets near Hanspal, Bhubaneswar, Patia stands out with an average rental rate of ₹62 per sq ft as of March 2026. There has been no reported change in rental rates for Patia over the observed period. This figure provides a benchmark for rental expectations in that specific area.
The recent trend in Hanspal, Bhubaneswar, shows a slight depreciation in the average asking price to ₹6,734 per sq ft as of March 2026, down by 1.33%. While prices saw an increase earlier in the year, the current downward movement might indicate a market correction or a period of stabilization. Buyers could potentially find opportunities for negotiation, while investors might consider the long-term appreciation potential alongside current rental yields, though specific rental yield data is currently unavailable.
The overall average asking price in Hanspal is ₹6,734 per sq ft as of March 2026. This is generally in line with or slightly lower than some of its micromarkets. For instance, Palasuni averages ₹6,860 per sq ft, and Jharpada averages ₹7,615 per sq ft. However, other micromarkets like Balianta (₹5,070 per sq ft) and Pahal (₹5,086 per sq ft) are priced significantly lower, suggesting Hanspal sits in a mid-to-higher price bracket relative to its surrounding areas.
Property Valuation 
