Mustafapur serves as a significant residential hub within Patna, with current property rates averaging ₹5,500 per sq ft. The market landscape is defined by its range of apartment offerings, providing diverse choices for prospective homeowners. Rental demand in the broader region remains supported by established localities like Boring Road, where rates hover around ₹50 per sq ft. Investors and homebuyers are closely monitoring these trends to navigate the evolving real estate environment.
As of June 2026, the average asking price in Mustafapur is ₹5,500 per sq ft. This rate has remained stable with a change percentage of 0% over the observed period, indicating a period of price equilibrium for residential apartments in this locality.
The micromarket rate in Mustafapur has shown a gradual upward trajectory, moving from ₹6,300 per sq ft in December 2025 to ₹6,450 per sq ft as of June 2026. This consistent quarterly increase suggests a steady demand for residential space within the area, reflecting growing interest from homebuyers and investors alike.
Property rates in Mustafapur, currently at ₹5,500 per sq ft, are generally more accessible compared to 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 like Phulwari Sharif at ₹5,550 per sq ft and Ashiana Nagar at ₹5,450 per sq ft offer price points that are relatively comparable to Mustafapur.
As of June 2026, the average price for apartments in Mustafapur is ₹5,500 per sq ft. This figure reflects a depreciation of 26.26% compared to the previous period, which may signal a market correction or a shift in the inventory mix available for sale in the locality.
While specific rental data for Mustafapur is limited, nearby Boring Road currently shows an average rental rate of ₹50 per sq ft. This rate has remained stable with a 0% change, providing a benchmark for tenants and landlords looking at rental yields and income potential in the broader Patna region.
Niagree Megha Enclave is a key project in Mustafapur, with a current listing rate of ₹3,000 per sq ft as of June 2026. This rate represents a depreciation of 26.31% compared to the prior period, offering a distinct price point for buyers evaluating residential options within this specific project.
Buyers should use the average asking price of ₹5,500 per sq ft as a baseline for negotiation and market comparison in Mustafapur. By tracking the quarterly micromarket trends—which saw an increase to ₹6,450 per sq ft by June 2026—investors can gauge the long-term appreciation potential of the area. It is also important to compare these local rates against nearby hubs like Bailey Road or Danapur to ensure the investment aligns with broader regional pricing benchmarks.
