Overview of Indrapuri Colony, Ranchi

Location and Amenities

Indrapuri Colony stands out in Ranchi, famous for its mixed cultures and serene neighborhoods. This area is near important landmarks like Bhawani Shankar Mandir, Siboo Chowk Lane, and across from Sarvamangala Apartment. It’s also well-linked to other parts of the city, making it a convenient spot for residents.

Property Prices and Trends

• The starting cost for properties in Indrapuri Colony ranges around Rs. 3,800 per square foot, while the average is about Rs. 4,700 per square foot. But prices could change based on property type and features[1|.
• The cost for individual houses climbs up to Rs. 10,466 per square foot on average.

Year-over-Year Price Movement

• Over the past year, property prices in Indrapuri Colony fell by 40.24%, indicating a buyer-friendly market at this time.

Types of Properties Available

• Residential Houses: These come in various styles including 2 BHK and 3 BHK setups.
• Flats and Apartments: Multistory apartments and builder-floors are popular here.
• Plots: Available for those wanting to build on their own.

Rental Options

• Rental prices range differently for:
  • 1 BHK apartments typically cost between ₹ 5,000 to ₹18,000 per month.
  • 2 BHK apartments are usually ₹ 7,000 to ₹22,000 per month.
  • 3 BHK apartments are priced between ₹11,000 to ₹25,000 per month.

Locality Features

• The neighborhood offers diverse cultures and a calm vibe.
• It’s near schools, markets, and other important services.
• It also has good connectivity with other Ranchi areas.

New Projects and Developments

• Many new projects are starting, featuring multistory buildings like Shaurya Kunj, Palm Vista Forest, Rose Avenue, Nabhneel Mansion, and Palash Enclave. These projects range in price from ₹42.3 Lac to ₹1.10 Cr and are expected to finish by 2026-2028.

PropertyWala's Conclusion

Indrapuri Colony in Ranchi gives interesting options for both buyers and renters due to its prime location, diverse community, and variety in property choice. The recent drop in property prices might make it a smart time to buy. Renters also have affordable choices here. With good connections and near amenities, it stands out. However, keep an eye on price trends and new project updates for a well-informed decision. Overall, Indrapuri Colony balances affordability, amenities, and potential investment in the real estate market.