Siliguri
Sevoke Road stands as a premier real estate destination in Siliguri, characterized by robust residential demand and stable commercial rental yields. The market has seen a marked 10.8% increase in apartment pricing, signalling strong confidence from both end-users and investors. While residential properties lead the growth, the commercial segment provides a reliable income stream for property owners. Local connectivity and infrastructure developments continue to support these valuation trends across the region.
As of September 2026, the average asking price in Sevoke Road is ₹4,600 per sq ft. This rate has appreciated by 10.8% compared to the previous period, reflecting a strong upward trend in demand for residential apartments in this locality.
Property rates in Sevoke Road at ₹4,600 per sq ft sit in the mid-to-high range compared to nearby localities. For instance, Pradhan Nagar commands a higher average of ₹5,200 per sq ft, having appreciated by 5.14%. Conversely, areas like Jyoti Nagar at ₹4,500 per sq ft (up 9.96%), Salugara at ₹4,300 per sq ft (up 0.87%), and Hakim Para at ₹4,150 per sq ft (up 9.49%) offer slightly more accessible entry points for buyers.
Among the surrounding areas, Jyoti Nagar has experienced notable growth, with its average rate of ₹4,500 per sq ft appreciating by 9.96%. Hakim Para has also shown strong performance with a 9.49% appreciation to reach ₹4,150 per sq ft. In contrast, Ranidanga has seen a minor market correction, with rates depreciating by 0.59% to reach ₹3,000 per sq ft as of September 2026.
As of September 2026, the average rental rate for office spaces in Sevoke Road is ₹50 per sq ft. This rental rate has remained stable with a 0% change, indicating a consistent demand and supply balance for commercial office assets in this locality.
The 10.8% appreciation in the average asking price of ₹4,600 per sq ft in Sevoke Road as of September 2026 suggests a robust and resilient market. For prospective buyers and investors, this upward trajectory typically signals high demand and limited inventory, which can be an indicator of sustained interest in the locality's residential infrastructure.
The residential market in Sevoke Road is currently focused on apartments, which maintain an average asking price of ₹4,600 per sq ft as of September 2026. This segment has seen a significant appreciation of 10.8%, highlighting that apartment living remains the preferred choice for residents in this area.
The stability of office space rental rates at ₹50 per sq ft as of September 2026, with a 0% change, provides a predictable environment for businesses looking to lease space in Sevoke Road. This lack of fluctuation suggests that the commercial rental market is currently balanced, offering tenants a consistent cost structure without the volatility of rapid price hikes.
