Mustafapur serves as a distinct residential market in Patna, currently characterized by a steady average asking price of ₹5,500 per sq ft. The area has experienced notable price corrections, particularly within the apartment segment, which provides a unique entry point for investors. Meanwhile, the surrounding localities like Phulwari Sharif and Ashiana Nagar demonstrate varying growth trajectories, highlighting the regional diversity in property values across the city.
The average asking price in Mustafapur is ₹5,500 per sq ft as of March 2026. This rate has remained stable, showing 0% change compared to the previous period, which suggests a period of price consolidation in the local residential market.
Property prices in Mustafapur have shown a mixed trajectory over the last few quarters. While the micromarket rate stood at ₹6,350 per sq ft as of March 2026, it previously fluctuated from ₹6,300 per sq ft in December 2025 to ₹6,450 per sq ft in September 2025 and ₹6,050 per sq ft in June 2025. This variation reflects the dynamic nature of demand and supply within the area, requiring potential buyers to monitor these quarterly shifts closely before making investment decisions.
Mustafapur, with its average asking price of ₹5,500 per sq ft, is positioned competitively against several surrounding areas. For instance, Bailey Road commands a higher rate of ₹6,600 per sq ft, while Danapur and Rukanpura are priced at ₹6,550 per sq ft and ₹6,450 per sq ft respectively. Other nearby locations include Anisabad at ₹6,050 per sq ft, Khagaul and Saguna More at ₹6,000 per sq ft, and Phulwari Sharif at ₹5,550 per sq ft. Ashiana Nagar currently presents a slightly lower entry point at ₹5,450 per sq ft, which appreciated by 5.44% compared to its previous valuation.
Apartments in Mustafapur are currently priced at an average of ₹5,500 per sq ft as of March 2026. This segment has experienced a depreciation of 26.26% compared to the previous period, a trend that may indicate a market correction or an increase in available inventory, providing a potentially more accessible entry point for prospective homebuyers.
Niagree Megha Enclave is a notable project in Mustafapur, currently featuring a listing rate of ₹3,000 per sq ft as of March 2026. This rate has seen a depreciation of 26.31% compared to the previous period, which may be of interest to value-conscious buyers looking for projects within this specific micromarket.
While specific rental data for Mustafapur is currently unavailable, the broader region shows varying rental trends. For example, Boring Road currently maintains an average rental rate of ₹50 per sq ft as of March 2026, with rates remaining stable at 0% change compared to the previous period. Investors looking at the rental potential of the area should consider these regional benchmarks as a proxy for the wider Patna market.
Buyers should interpret the price trends in Mustafapur by looking at the quarterly fluctuations rather than isolated data points. As of March 2026, the average asking price is ₹5,500 per sq ft, and by comparing this to previous quarters—such as the ₹6,350 per sq ft micromarket rate—investors can identify whether the market is currently in a growth or correction phase. Always consider the appreciation or depreciation percentages provided for specific localities to understand if a neighbourhood is gaining or losing value over time.
