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Property Rates in Tamando, Bhubaneswar

Comprehensive Market Snapshot

The real estate market in Tamando, Bhubaneswar, presents a competitive landscape with an average asking price of ₹5,537 per sq ft. Quarterly trends indicate a slight price adjustment in the locality, while the broader micromarket shows varying dynamics. The market primarily features apartment properties, alongside a limited supply of ready-to-move units, catering to immediate occupancy needs. Notable projects like Motwani MJ Icon and Shree Mahodadhi Nilaya are setting pricing benchmarks within the area.

  • Asking Sale Price₹ 5,537/sq.ft
  • Insights
  • Price Trend
  • Project and Developer Insights
  • Other Property Rates

Insights for Tamando, Bhubaneswar Real Estate Market

Tamando's property market, situated in Bhubaneswar, currently reflects an average asking price of ₹5,537 per sq ft. Analysis of quarterly price trends reveals a downward adjustment for properties within Tamando itself, dropping from ₹5,764 per sq ft in June 2025 to ₹5,537 per sq ft by December 2025. This contrasts with the broader micromarket, which saw rates fluctuate, peaking at ₹8,530 per sq ft in June 2025 before settling at ₹8,290 per sq ft by December 2025. Among its neighbors, Tamando offers a more accessible price point compared to premium areas like Kalinga Vihar, which commands ₹8,602 per sq ft, or Jagamara at ₹7,508 per sq ft. However, it remains above areas like Gothapatna, priced at ₹4,771 per sq ft. The market is predominantly driven by apartment sales, which average ₹5,537 per sq ft, experiencing a minor decline of 1.23%. For immediate buyers, a limited inventory of two ready-to-move units is available at an average of ₹5,890 per sq ft, also witnessing a slight price dip. Leading projects such as Motwani MJ Icon are listed at ₹6,417 per sq ft, while Shree Mahodadhi Nilaya shows positive growth at ₹6,081 per sq ft, indicating pockets of appreciation.

Market Strengths Market Strengths
  • Strategic Location: Tamando benefits from its location within Bhubaneswar, a growing city, offering potential for future infrastructure development and connectivity.
  • Competitive Entry Point: With an average asking price of ₹5,537 per sq ft, Tamando offers a more budget-friendly option compared to several premium localities in its vicinity.
  • Established Apartment Market: The strong presence of apartment properties indicates a developed segment catering to a significant portion of the residential demand.
  • Availability of Immediate Occupancy: The presence of ready-to-move units, even if limited, provides options for buyers with urgent housing needs.
  • Presence of Reputable Projects: Projects like Motwani MJ Icon and Shree Mahodadhi Nilaya contribute to the market's credibility and offer quality housing options.
  • Potential for Micromarket Growth Influence: Despite local adjustments, the generally higher rates in the surrounding micromarket suggest a positive long-term growth potential for the region as a whole.
Market Challenges Market Challenges
  • Recent Price Moderation: Tamando's average property rates have shown a decline over the past three quarters, indicating a softening in asking prices within the locality.
  • Limited Property Type Diversity: The market is heavily dominated by apartment properties, potentially limiting options for buyers interested in other property types like villas or plots.
  • Low Ready-to-Move Inventory: Only two ready-to-move units are available, suggesting limited options for buyers who prefer immediate occupancy and less choice in this segment.
  • Project-Specific Price Declines: Shree Annpurna Aadinath has seen an 8.5% decrease in its asking price, indicating that not all projects are performing positively.
  • Absence of Rental Market Data: The lack of available average rental rate data makes it challenging for investors to assess potential rental yield and cash flow projections.
  • Lack of Transaction Transparency: The absence of government registration data (transactions, gross value, registered rate) limits insights into actual sales volumes and market liquidity.
Investment Opportunities Investment Opportunities
  • Competitive Pricing: Tamando's average asking price of ₹5,537 per sq ft is lower than several prominent neighboring localities like Kalinga Vihar (₹8,602 per sq ft) and Jagamara (₹7,508 per sq ft), offering a more accessible entry point.
  • Growth in Adjacent Areas: Nearby localities such as Sundarpada (+13.28%) and Madanpur (+9.92%) show significant price appreciation, suggesting potential spillover growth for Tamando.
  • Ready-to-Move Inventory: The availability of ready-to-move properties, albeit limited, caters to buyers seeking immediate possession, potentially reducing rental outflow during construction.
  • Project-Specific Appreciation: Shree Mahodadhi Nilaya has demonstrated a positive price change of 5.46%, highlighting specific projects with strong market performance and potential for investor returns.
  • Emerging Micromarket Dynamics: While Tamando's rates have seen recent adjustments, the broader micromarket rates are generally higher, indicating underlying potential for future appreciation in the region.
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Property Price Trends in Tamando, Bhubaneswar

Asking Price Trends

Asking prices in Tamando have experienced a slight downward adjustment over the past few quarters. From ₹5,764 per sq ft in June 2025, the average rate for properties in Tamando decreased to ₹5,606 per sq ft by September 2025, further settling at ₹5,537 per sq ft in December 2025. This trend contrasts with the broader micromarket, which has shown more volatility, often trading at a higher premium.

Quarter City Rate
Dec 2025 5537
Sep 2025 5606
Jun 2025 5764
Mar 2025 0
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Price Trends by Property Type

The Tamando real estate market is primarily characterized by its apartment segment. These properties average an asking price of ₹5,537 per sq ft. Over the recent period, this segment has experienced a minor price adjustment, showing a change of -1.23%. This indicates a focused supply in multi-unit dwellings catering to the majority of residential demand in the area.

Type Rate (₹/sq.ft) Change %
Apartment 5,537 -1.23
Price Trends by Project Status

For buyers seeking immediate occupancy, Tamando offers a limited selection of ready-to-move properties. Currently, two such units are available, with an average asking price of ₹5,890 per sq ft. This segment has seen a slight decline of 1.78% in its average rate, providing a specific opportunity for those ready to move in without delay.

Status No of Project Rate (₹/sq.ft) Change %
Ready To Move 2 5,890 -1.78
Price Trends by Localities

Tamando's average property rate of ₹5,537 per sq ft positions it competitively within Bhubaneswar. Nearby Kalinga Vihar commands a significantly higher average of ₹8,602 per sq ft, while Patrapada and Khandagiri also trade at premiums of ₹6,589 per sq ft and ₹6,887 per sq ft, respectively. Conversely, Gothapatna offers a more affordable option at ₹4,771 per sq ft. Notably, Sundarpada has seen a robust 13.28% increase, and Madanpur a 9.92% rise, indicating strong growth pockets in adjacent areas.

Location Rate (₹/sq.ft) Change %
Kalinga Vihar 8,602 -
Madanpur 5,771 9.9
Patrapada 6,589 9.9
Kalinga Nagar 6,446 -
Khandagiri 6,887 1.9
Dumuduma 6,586 -
Jagamara 7,508 -
Pokhariput 6,991 -
Gothapatna 4,771 -
Sundarpada 5,222 13.3

Project and Developer Insights

Top Projects by Listing Rates

Premium residential developments in Tamando showcase varied pricing and performance. Motwani MJ Icon leads the segment with an asking price of ₹6,417 per sq ft, maintaining a stable rate. Shree Mahodadhi Nilaya follows, exhibiting positive growth with its current rate of ₹6,081 per sq ft, marking a 5.46% increase. Meanwhile, Shree Annpurna Aadinath is priced at ₹5,698 per sq ft, having experienced an 8.5% decrease, reflecting differing market dynamics among projects.

  • Listing Rate
Project Name Rate (₹/sq.ft) Change %
Motwani Mj Icon 6,417 -
Shree Mahodadhi Nilaya 6,081 5.5
Shree Annpurna Aadinath 5,698 -8.5
Top Developers in Tamando
Motwani Constructions Pvt Ltd leads in Tamando with 5 projects and years of experience.
DLF
Motwani Constructions Pvt Ltd ₹ 24.12 L - ₹ 1.32 Cr
  • 5 Projects
DLF
Sri Jagannath Promoters And Builders ₹ 17.68 L - ₹ 42.38 L
  • 2 Projects
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