Siliguri
Shastri Nagar functions as a key residential pocket in Siliguri, currently presenting an average asking price of ₹3,750 per sq ft. Recent quarterly data indicates a softening in pricing from the ₹4,100 per sq ft observed in June 2025, reflecting a dynamic adjustment in the local market. Rental activity in the broader region remains stable, with established areas like Sevoke Road commanding average rental rates of ₹50 per sq ft. The market composition is largely driven by residential apartment demand, offering varied options for those seeking value-oriented living in this part of the city.
As of March 2026, the average asking price in Shastri Nagar is ₹3,750 per sq ft. This rate has remained stable, showing a 0% change compared to the previous period, which typically indicates a balanced market environment where supply and demand are currently aligned.
Property prices in Shastri Nagar have shown a period of stability in the most recent quarters, with the average rate holding at ₹3,750 per sq ft as of March 2026. Looking back at the historical trend, the locality saw a price of ₹3,750 per sq ft in September 2025, following a rate of ₹4,100 per sq ft in June 2025. This trajectory reflects a market adjustment from the mid-2025 levels to the current stable baseline.
Property rates in Shastri Nagar, currently at ₹3,750 per sq ft, are generally more accessible compared to premium areas like Pradhan Nagar, which commands ₹5,200 per sq ft, or Sevoke Road at ₹4,600 per sq ft. Other nearby areas show varying price points, such as Jyoti Nagar at ₹4,500 per sq ft and Matigara at ₹4,000 per sq ft. Conversely, areas like Ranidanga offer lower entry points at ₹3,000 per sq ft, which saw a slight depreciation of 0.59% compared to its previous period.
As of March 2026, the average asking price for apartments in Shastri Nagar is ₹3,750 per sq ft. This segment has experienced a depreciation of 8.14% when compared to the prior period, suggesting a correction in pricing that may provide a more favorable entry point for prospective homebuyers looking for residential apartments in this locality.
The average rental rate in the nearby Sevoke Road area is ₹50 per sq ft as of March 2026. This rate has remained stable with a 0% change, indicating consistent rental demand and price stability in this specific micromarket, which can be a useful benchmark for those comparing rental costs in the broader Siliguri region.
