Overview of Malipada, Bhubaneswar

Location and Accessibility

• Malipada is a locality in Bhubaneswar, Odisha, known for its strategic positioning near various landmarks and educational institutes, such as the IMI MBA college.

Property Prices

• Average price per Sqft stands at around Rs. 4,407 per sqft for properties in Malipada, though prices can differ widely.
• Starting prices for properties begin from Rs. 998 per sqft.
• Property prices cover a wide range, stretching from ₹25.8 Lac to ₹1.71 Cr.

Property Types

• The variety includes apartments priced generally between Rs. 3,900 - Rs. 4,100 per sqft.
• Independent houses are also available; prices for them include examples like Rs. 1.85 Cr, which are ready-to-move-into properties near key landmarks.

Market Trends

• The Year-on-Year (YoY) Growth shows a remarkable 22.9% drop in property rates over the last year – a factor indicating a potential buyer's market.
• The current price trend hints at buying and selling properties in Malipada being a favorable time.

Availability of Properties

• About 9 properties for sale are currently listed, with ranges falling between ₹20Lac - ₹40Lac and ₹40Lac - ₹60Lac.
• Rental properties include a 4 BHK house costing ₹18,000 per month.

Amenities and Infrastructure

• Malipada offers well-connected amenities and close proximity to educational institutions, proving attractive to both families and professionals.

PropertyWala's Conclusion

Bhubaneswar's Malipada presents mixed opportunities for potential buyers and renters. The recent dip in property rates is making it an appealing investment or purchasing opportunity. Nevertheless, the fluctuating prices and diverse property types necessitate thorough research and comparisons to secure the best choice. Proximity to important landmarks and amenities further enhances Malipada’s appeal, rendering it a worthwhile option for those seeking an affordable yet well-connected housing solution in Bhubaneswar.