Overview of Gudia Pokhari, Bhubaneswar

Area and Its Fame

Gudia Pokhari is a well-known neighborhood in Bhubaneswar, famous for its expanding real estate sector.

Kinds of Properties and Inventory

This region provides different types of properties, such as:

• Villas
• Apartments
• Land/Plots in diverse sizes and setups.

Price Changes

Apartment Prices

• Apartment prices in Gudia Pokhari range from Rs 3750 to Rs 4200 per square foot.
• Back when January to March 2021 rolled around, prices were about Rs 2550 per sq ft, showcasing major growth over time.

Land/Plot Prices

• Prices for land are between Rs 1050 and Rs 1900 per square foot.
• Land prices have risen noticeably. There was a 45% increase last year, a 107.1% rise over the last three years, and a whopping 141.7% over the last decade.

Renting Out Property

Rent seekers, here are some options:

• Properties like 1,200 sqft (111 sqm) apartments rent for around ₹7,500 monthly. Alternatively, 985 sqft (92 sqm) ones go for about ₹5,500 per month.

Price Hike

Over time, property values in this area have grown considerably, presenting a great opportunity for investment:

• Just in the past year, land prices increased by 45%.

Local Surroundings

Popular neighborhoods close to Gudia Pokhari include:

• Uttara
• Dhauli

PropertyWala's Final Thoughts

Gudia Pokhari, Bhubaneswar, boasts a significant real estate market with an array of villas, apartments, and land plots up for sale. The area has gone through marked price increases, prominently in the land rates. This indicates possible long-term investment advantages. Renters will find diverse options for different budgets. Overall, Gudia Pokhari is a neighborhood worth investigating for buyers and renters alike due to its thriving market and rising property values.