Overview of Bhatagaon, Raipur

Place and Fame

Bhatagaon, found in Raipur, is one of the favorite spots in the city. It draws both investors and final buyers for its rising real estate market.

Property Varieties

The place offers various properties, including:

• Apartments: Available in different shapes, these are favored for living purposes.
• Standalone Houses: Great for folks wanting more personal space and privacy.
• Luxury Homes: Offering upper-class living experiences.
• Land/Plots: Perfect for those wishing to build their own places.

Property Costs

Apartments

• Prices for apartments in Bhatagaon range around Rs. 3,100 to Rs. 3,900 for every square foot.
• The average flat price is around Rs. 3,100 per square foot.

Standalone Houses and Villas

• The costs for these kinds of properties can vary a lot but are often between Rs. 3,200 to Rs. 3,500 per square foot.

Land/Plots

• Prices for land in Bhatagaon vary between Rs. 300 to Rs. 2,700 per square foot.

Cost Movements

Year Over Year (YoY) Changes

• Property prices in Bhatagaon have a mixed pattern:
  • A spike of 5.78% in property prices in the past year, depending on some data.
  • However, flat prices have dropped by -1.6% in the last year, yet increased 26.5% over the last decade.

Quarterly Shifts

• Property price changes have been minor on a quarterly basis, with some periods showing no change and others showing slight increases or decreases.

Market Viability

Buying

• The current cost trends hint that buying homes in Bhatagaon might be beneficial given the steady rise in property prices and the area's attractiveness.
• Investors should ponder the long-term value growth, with a 26.5% rise over the last 10 years.

Selling

• For sellers, knowing the current market trends is pivotal. The prices are mostly steady, making it a strong time to set good rates and sell your properties.

Rental Scene

For those renting, there are builder floors and apartments available. For instance, a 2 BHK builder floor with an area of 1200 square feet can fetch around Rs. 7,500 monthly.

PropertyWala’s Final Thoughts

In Raipur, Bhatagaon stands out as a compelling real estate market with a mix of cost-effective and luxury investment chances. The area’s stable, yet mildly growing property prices, combined with its popularity and wide variety of property types, recommend it as a good option for both buyers and investors. However, watching trends both yearly and quarterly closely is necessary for smart choices. If you aim to purchase, sell, or rent, Bhatagaon brings forward a viable and possibly profitable real estate investment opportunity.