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Bhubaneswar, the capital of Odisha, has emerged as one of the fastest-growing Tier-2 cities in India. Known for its rich cultural heritage, planned urban development, and rising infrastructure, the city is witnessing a steady boom in its real estate market. In 2025, Bhubaneswar continues to attract investors, homebuyers, and developers alike, thanks to its affordable property rates, livability, and expanding economic landscape.
This blog explores the current market trends, major developments, property price trends, and future outlook of the real estate market in Bhubaneswar.
Rise in Demand for Residential Projects
With IT parks, educational hubs, and improved infrastructure, there is a significant demand for 2BHK and 3BHK apartments, especially in areas like Khandagiri, Patia, Sundarpada, Chandaka, and Hanspal.
Premium residential projects near Nandankanan Road, Ghatikia, and Tamando are also gaining traction.
Increasing Interest in Affordable Housing
Government schemes like PMAY (Pradhan Mantri Awas Yojana) continue to promote affordable housing, with demand increasing in the ₹25-50 lakh segment.
Builders are now focusing on compact apartments with modern amenities to meet budget-conscious homebuyers.
Growth in Commercial Real Estate
Areas like Saheed Nagar, Jaydev Vihar, and Rasulgarh are becoming commercial hubs with rising demand for office spaces, showrooms, and coworking zones.
Bhubaneswar Smart City projects have accelerated commercial development in central business zones.
Locality Average Price (per sq. ft.) YoY Growth (2024-2025)
Patia ₹5,500 – ₹7,000 ↑ 6%
Khandagiri ₹4,200 – ₹6,500 ↑ 7%
Sundarpada ₹3,500 – ₹5,500 ↑ 8%
Tamando ₹3,800 – ₹5,200 ↑ 9%
Hanspal ₹4,000 – ₹6,000 ↑ 6%
Nayapalli / IRC Village ₹6,000 – ₹8,000 ↑ 5%
Note: Prices are approximate and subject to change based on project, location, and builder reputation.
AIIMS-II, IIT Bhubaneswar, Infosys SEZ expansion, and TCS campus are generating job opportunities, pushing demand in surrounding residential zones.
Metro Rail Project and Bhubaneswar Ring Road have boosted connectivity and made peripheral locations more attractive for real estate.
Smart City Mission and RERA implementation have improved transparency and planning.
🔸 High ROI Zones:
Tamando and Chandaka: Upcoming residential hubs with promising ROI due to large land availability and road connectivity.
Patrapada and Sundarpada: Mid-segment investment areas with rapid appreciation expected due to new schools, hospitals, and highways.
🔸 Rental Income Hotspots:
Patia and Kalinga Nagar: Popular among students and professionals; ideal for rental investments.
Sailashree Vihar and Infocity Area: IT and education zones ensure year-round occupancy.
Delays in project completion still exist in some non-RERA compliant projects.
Land disputes and documentation issues are concerns in certain outskirts.
The market remains price-sensitive, and demand may dip with interest rate hikes.
The real estate market in Bhubaneswar is expected to grow at a CAGR of 8-10% over the next five years, driven by infrastructure development and migration of working professionals.
Builders are increasingly adopting sustainable construction, smart home automation, and gated societies.
Plot investment and villa demand are likely to surge in 2026 as more city dwellers seek privacy and long-term assets.
Bhubaneswar’s real estate market is currently in a stable growth phase, offering opportunities across budget and premium segments. Whether you’re a first-time homebuyer or a long-term investor, 2025 presents a favorable time to enter the market—especially in emerging zones backed by infrastructure and commercial growth.
For the best deals on flats, plots, or commercial spaces in Bhubaneswar, make sure to consult RERA-registered builders and verify legal documentation before making a move.
Stay tuned with us for monthly updates on Odisha’s property trends.