Dehradun
The real estate market along Shimla Bypass Road continues to demonstrate robust growth, characterized by rising property values across key residential segments. Investors are increasingly drawn to the area due to the consistent appreciation in both apartment and villa pricing, which signals high demand and long-term value potential. Rental demand remains healthy, particularly for 2 BHK residential apartments, offering stable income prospects for property owners. Development activity is supported by a mix of established and emerging options, ensuring that the locality remains attractive to a broad range of market participants.
As of March 2026, the average asking price in Shimla Bypass Road stands at ₹5,000 per sq ft. This figure reflects a steady upward trajectory, having appreciated from ₹4,850 per sq ft in December 2025 and ₹4,750 per sq ft in September 2025, signaling consistent demand and growth in this micromarket.
Property prices in Shimla Bypass Road are generally more affordable than in Gms Road, which commands an average asking price of ₹7,950 per sq ft, having appreciated by 6.44% recently. In contrast, Harrawala currently sees an average asking price of ₹7,450 per sq ft, which has experienced a minor depreciation of 1.34% compared to previous periods.
Shimla Bypass Road offers both villas and apartments, with distinct price points as of June 2026. Villas are priced at an average of ₹7,500 per sq ft, showing an appreciation of 6.58% over the analyzed period. Meanwhile, apartments are available at a more accessible average of ₹4,600 per sq ft, having seen a significant appreciation of 9.02%.
The typical monthly rent for a 2 BHK apartment in Shimla Bypass Road is ₹21,650. This rental figure provides a benchmark for tenants looking for residential options in the area, reflecting the current market value for standard apartment configurations.
Rental rates in the vicinity of Shimla Bypass Road show varied performance across different neighbourhoods. In Gms Road, the average rental rate is ₹50 per sq ft, which has seen a notable depreciation of 30.43% compared to previous periods. Conversely, Harrawala maintains a stable rental rate of ₹50 per sq ft, with no change recorded, indicating a more consistent rental environment in that specific area.
