Ranchi
Morabadi currently maintains a consistent residential market with an average asking price of ₹4,650 per sq ft. Recent quarterly trends show price stability, following a period of steady growth from ₹4,250 per sq ft in late 2025. The rental sector remains active, characterized by a rental yield of 2.58% and a diverse range of unit options. Investors and tenants alike find value in the area's established residential profile, which continues to attract steady demand compared to neighboring localities in Ranchi.
The average asking price in Morabadi is ₹4,650 per sq ft as of June 2026. This figure represents an appreciation of 3.8% compared to previous periods, signaling a resilient demand for residential apartments in this locality.
Property rates in Morabadi have shown a dynamic trajectory, with the micromarket rate recorded at ₹4,650 per sq ft in June 2026. While the rate held steady at ₹4,650 per sq ft in March 2026, it increased from ₹4,450 per sq ft in December 2025 and ₹4,250 per sq ft in September 2025, reflecting a consistent upward trend in market value over the last few quarters.
Property rates in Morabadi, currently at ₹4,650 per sq ft, sit in the mid-to-high range when compared to surrounding localities. For instance, Lalpur commands a higher average rate of ₹5,050 per sq ft (which depreciated by 2.44%), and Doranda is priced at ₹5,000 per sq ft (which appreciated by 4.32% from previous periods). Meanwhile, areas like Bariatu Road at ₹4,200 per sq ft and Bariatu at ₹4,400 per sq ft offer more accessible entry points, having both seen a depreciation of approximately 2.85% to 2.93%.
The average price for apartments in Morabadi is ₹4,450 per sq ft as of June 2026. This segment has experienced a depreciation of 4.31% over the observed period, which may present a strategic entry opportunity for buyers looking to invest in residential apartments within this specific locality.
The average rental rate in Morabadi is ₹10 per sq ft as of June 2026, a rate that has remained stable with a 0% change compared to the previous period. The locality currently offers a rental yield of 2.58%, which serves as a key metric for investors to evaluate the potential income generation of their property relative to the capital investment required for a purchase.
Rental rates in Morabadi vary significantly by unit size, with 2 BHK apartments averaging ₹10,450 per month and 3 BHK apartments averaging ₹20,500 per month as of June 2026. These figures provide prospective tenants and landlords with a clear benchmark for the local rental market, helping them align their budgets or expected returns with current demand for multi-bedroom residential units.
The rental market in Morabadi, with an average rate of ₹10 per sq ft, is currently more affordable than the nearby Bariatu, where the average rental rate is ₹50 per sq ft. Notably, rental rates in Bariatu have appreciated by 8.33% as of June 2026, suggesting a higher demand or limited supply of rental inventory in that specific area compared to Morabadi.
