Real Estate Overview of Jharpada, Bhubaneswar

Jharpada, located in Bhubaneswar, offers a blend of opportunities and amenities for those thinking about buying or renting properties.

Property Prices and Availability: Real estate prices in Jharpada are pretty reasonable. Most properties sold are priced from ₹1.2 Cr to ₹1.6 Cr. Specifically, 21% fall in the ₹1.2 Cr to ₹1.4 Cr range, while 34% range from ₹1.4 Cr to ₹1.6 Cr. For the Motwani Anantara project, the average price hovers around ₹6.8 K per square foot. These apartments come in 3 BHK and 4 BHK configurations, priced between Rs. 1.40 Cr to 2.07 Cr.

Infrastructure and Amenities: The locality is loaded with essential amenities. Several projects in Jharpada have been developed by builders famous like Srikrishna Estate, Amrita Builders, and Motwani Constructions Pvt. Ltd. For instance, the Motwani Anantara spans over 4 acres and hosts 320 units across 4 buildings. Nearby, we have the Jharapada High School and the UPHC Jharapada, both within easy reach.

Renting Options: Renters will find several options. Houses and villas for rent start from around ₹12,000 per month for a 2 BHK property with 2 bathrooms and a plot area of 3000 sq ft.

Future Development: Jharpada is bustling with development. Projects like Motwani Anantara are in active construction, slated for completion by December 2028. This hints at higher property values in future and better infrastructure.

PropertyWala's Verdict

Jharpada in Bhubaneswar presents an attractive combination of affordability, amenities, and prospects for future growth, making it a smart choice for both buyers and tenants. Its competitive pricing, presence of renowned builders, and proximity to important services are all positives. Nevertheless, keeping a close eye on local market trends and the progress of new projects is a good idea to make knowledgeable choices.