Overview of Gothapatna, Bhubaneswar

Location and Connectivity

Gothapatna, situated in Bhubaneswar, has fantastic connectivity to city essentials. Proximity to essential landmarks like SUM Hospital, IIIT, Birla Global Institute, MIT, Khandagiri Square, and AIIMS makes it a preferred choice. It's easily reachable via highway, enticing both buyers and renters alike.

Property Types and Pricing

• Apartments: Come in multiple layouts such as 2 BHK, 3 BHK, 4 BHK, and 5 BHK. Priced between ₹25 lakhs and ₹1.3 crores, depending on size and amenities.
  • 2 BHK Flats: ₹27.40 - 29.06 lakhs (1200 - 1275 sq.ft.)
  • 3 BHK Flats: ₹25 - 35 lakhs (1144 - 1551 sq.ft.)
  • 4 BHK and 5 BHK: ₹1.1 crores to ₹1.3 crores
• Villas and Independent Houses: Range from ₹1.1 crores to ₹1.3 crores. These properties include features such as swimming pools, clubhouses, and ample parking.
• Residential Plots: Available at ₹39.80 lakhs for 2000 sq.ft.

Price Trends

• Gothapatna's property prices start around ₹1,300 per sq.ft.
• The average price is ₹3,965 per sq.ft., ranging from ₹3,473 to ₹4,285 per sq.ft.
• There’s been a 24.36% drop in rates over the past year, suggesting a buyer-friendly environment.

Amenities and Infrastructure

• Educational Institutions: Nearby schools, MBA colleges, and universities including XIM University and Aditya Birla School.
• Healthcare: Close to SUM Hospital and other medical centers.
• Transportation: Accessibility to highways and public transport hubs.
• Amenities: Many properties include amenities such as swimming pools, lifts, continuous water supply, security, CCTVs, and clubhouses.

Rental Options

• Apartments: Available with rental amounts from ₹6,000 to ₹14,000 monthly, depending on size and features.
• Independent Houses/Villas: Rents range from ₹7,000 to ₹17,000 monthly, based on different configurations and amenities.

PropertyWala's Conclusion

This area in Bhubaneswar offers a lucrative real estate market with numerous property types and competitive rates. Excellent connectivity, proximity to important educational and healthcare centers, and numerous amenities make it appealing to both buyers and renters. Despite the recent decline in property values, the neighborhood still presents profitable investment opportunities. To make a sound decision, buyers and renters should take current market trends and future developments into account.