Siliguri
The real estate landscape along Sevoke Road is currently defined by rising capital values and a steady demand for both residential and commercial assets. Recent quarterly data shows a clear upward trend, with property rates increasing from ₹4,150 per sq ft to ₹4,600 per sq ft in just three months. This growth is particularly evident in the residential apartment segment, which has recorded a significant 10.8% increase in value. Meanwhile, the rental market maintains stability, particularly for office spaces, which continue to attract consistent interest from businesses seeking a prime location in Siliguri.
As of June 2026, the average asking price in Sevoke Road is ₹4,600 per sq ft. This figure represents an appreciation of 10.8% compared to the previous period, reflecting a sustained demand for residential apartments in this locality.
Property prices in Sevoke Road have shown a positive upward trajectory. Data indicates that the average asking price rose from ₹4,150 per sq ft in September 2025 to ₹4,600 per sq ft by December 2025, signaling strong market confidence and consistent interest from potential homebuyers.
Property rates in Sevoke Road, currently at ₹4,600 per sq ft, sit in the mid-to-high range when compared to surrounding localities. For instance, Pradhan Nagar commands a higher average of ₹5,200 per sq ft (which appreciated by 5.14%), while more affordable options can be found in areas like Champasari at ₹3,400 per sq ft (up 3.92%) and Ranidanga at ₹3,000 per sq ft (which saw a slight depreciation of 0.59% from the previous period).
The average rental rate for office spaces in Sevoke Road is ₹50 per sq ft as of June 2026. This rate has remained stable with a 0% change, indicating a consistent rental market for commercial properties in the area.
Investors looking at Sevoke Road should note that the office space rental market is currently stable at ₹50 per sq ft. Since there has been no recent appreciation or depreciation in these rental rates, it suggests a balanced supply-demand environment for commercial tenants, providing a predictable income stream for property owners.
Yes, price variations exist across the Siliguri region. While Sevoke Road averages ₹4,600 per sq ft, nearby neighborhoods like Jyoti Nagar show an average rate of ₹4,500 per sq ft (an appreciation of 9.96%), and Hakim Para averages ₹4,150 per sq ft (an appreciation of 9.49%). These differences allow buyers to choose between premium locations and more budget-friendly alternatives depending on their investment goals.
While Sevoke Road has seen a robust appreciation of 10.8%, Ranidanga has experienced a slight market correction with a depreciation of 0.59% in its average rate of ₹3,000 per sq ft. This contrast highlights that while prime areas like Sevoke Road are seeing strong growth, peripheral markets like Ranidanga may be experiencing a period of price stabilization or softening demand.
