Ranchi
Morabadi currently stands as a focal point for residential growth within Ranchi, with average property values reaching ₹4,650 per sq ft. The market has seen consistent appreciation over the past several quarters, supported by strong interest in apartment-style living. Rental demand remains healthy, providing a reliable yield of 2.58% for property owners. As the locality continues to evolve, the price trajectory suggests sustained confidence from both homebuyers and investors looking for long-term value.
As of March 2026, the average asking price in Morabadi stands at ₹4,650 per sq ft. This figure reflects an appreciation of 3.8% compared to the previous period, indicating a steady rise in property values within the locality.
Property prices in Morabadi have shown an upward trajectory, moving from ₹4,350 per sq ft in June 2025 to ₹4,650 per sq ft by March 2026. This consistent growth, seen through the quarterly data, suggests resilient demand for residential apartments in the area.
Property rates in Morabadi, at ₹4,650 per sq ft, sit in the mid-range when compared to surrounding areas. For instance, Lalpur and Doranda command higher average asking prices of ₹5,050 per sq ft (which depreciated by 2.44%) and ₹5,000 per sq ft (which appreciated by 4.32%) respectively, while Bariatu Road and Bariatu offer more accessible entry points at ₹4,200 per sq ft and ₹4,400 per sq ft, both of which have seen a depreciation of approximately 2.85% to 2.93% from their previous pricing levels.
The average rental yield in Morabadi is currently 2.58% as of March 2026. This yield represents the annual rental income relative to the property's capital value, providing investors with a baseline for the income-generating potential of residential apartments in this locality.
Rental rates in Morabadi vary by unit size, with 2 BHK apartments averaging ₹10,700 per month and 3 BHK apartments averaging ₹20,000 per month as of March 2026. These figures help prospective tenants and landlords understand the market-standard monthly outgo for residential apartments in the area.
Rental rates in Morabadi average ₹10 per sq ft as of March 2026, a rate that has remained stable with no change recorded. In contrast, nearby areas such as Bariatu, Lalpur, and Kanke currently command significantly higher rental rates of ₹50 per sq ft, which have also remained stable during this period, indicating a premium for rental properties in those specific locations.
As of March 2026, the average asking price for an apartment in Morabadi is ₹4,650 per sq ft. This price point has appreciated by 3.8% compared to the previous period, reflecting the current market valuation for the primary residential property type available in the locality.
