Masibari, Ranchi

Nearby Localities: Latma, Argora, Ashok Kunj, Hinoo, Pundag, Hawai Nagar, Ashok Nagar, Doranda, Harmu

About

Overview of Masibari, Ranchi

Place and Accessibility

Masibari is a locality in Ranchi, Jharkhand, featuring both residential and commercial properties. It lies near other areas like Sector 2 Masibari, New Pundag, and Dibdih, making it relatively accessible and connected.

Property Types and Details

For Sale:
- Most properties (50%) range from ₹60 Lac to ₹80 Lac, while 25% are between ₹40 Lac and ₹60 Lac and the rest are over ₹80 Lac.
- The typical setup is 3 BHK apartments, covering nearly 100% of the for-sale properties.
- Multistorey apartments account for around 80% of all the projects for sale.
For Rent:
- Rental costs mainly fall between ₹10,000 and ₹15,000 per month (30%), with a few places below ₹5,000 (20%).
- Most rented spots have 2 BHK configurations, making up about 40% of available rentals.
- Multistorey apartments also dominate the rental market, making up around 70% of properties.

New and Developing Projects

Shaurya Kunj: Multistorey Apartments ready in 2026, priced ₹42.3 Lac to ₹66.9 Lac.
Nabhneel Mansion: By Divya Construction, to be ready in 2026, cost ₹61.8 Lac to ₹1.08 Cr.
Rose Avenue: By Sarswati Consultancy and Construction, ready by 2028, within ₹63 Lac to ₹1.10 Cr range.
Palm Vista Forest: By Nisith Keshari Construction Pvt Ltd, ready by 2028, cost ₹47.3 Lac to ₹85.1 Lac.
Shivam Heights: By Durga Developers Pvt Ltd, coming up by 2025, cost ₹71.1 Lac to ₹1.37 Cr.

Changes in Prices and Market Views

In recent years, property prices in Masibari have dropped by 23.51%, suggesting a potential buyers' market.
Rates in Masibari differ, but Sector 2 Masibari rents at ₹5,161 to ₹5,714 per sqft.

Amenities and Surroundings

Homes in Masibari usually come with modular kitchens, wardrobes, and close to major roads and public areas.
Some places are in communities with temples, keeping them well-maintained and family-friendly.

Home Loan Options

Many banks offer competitive interest rates for properties here, such as:

Union Bank of India: 9.0%-10.0% interest rate
IDFC First: 8.85%-9.9% interest rate
Indian Bank: 8.5%-9.4% interest rate
Deutsche Bank: 9.5%-12.0% interest rate

What PropertyWala Thinks

Masibari, Ranchi, offers a well-rounded real estate scene with both budget and upscale properties. The presence of many 3 BHK multistorey apartments makes it great for families and individuals seeking spacious living. Even though the market has seen a drop in prices, this might be a smart time for buyers. Renters can find options from cost-effective to high-end. However, buyers and renters should look at ongoing projects and market shifts to make a good choice.

Nearby

Transport
- Hindustan Petroleum (~3 km)
- Hatia (~4 km)
- Ranchi Birsa Munda Airport (~5 km)
- Government Bus Stop (~6 km)
- Ranchi (~7 km)
- Khadgara Bus Stand (~10 km)
Shopping & Dining
- Flaves (~2 km)
- Shalimar Market (~2 km)
- Cafe Mysa (~2 km)
- Pantaloons, RANCHI (~4 km)
- JANKI DRY FRUIT HOUSE (~4 km)
- Kalika Market (~9 km)
Healthcare
- Apollo Pharmacy Ratu Road (~1 km)
- Paras HEC Hospital (~3 km)
- Narayani Nursing Home (~3 km)
- Dr. Ranjit Kumar Dutta (~3 km)
- Apollo Pharmacy (~3 km)
- Lakshmi Nursing Home (~4 km)
Education
- Delhi Public School,SAIL Satellite Colony,Ranchi (~2 km)
- Vivekanand Vidya Mandir (~3 km)
- Nirmala College (~4 km)
- National Institute of Foundry and Forge Technology, Ranchi (~6 km)
- Urdu Library (~8 km)
- St, Xavier College (~8 km)
Leisure & Entertainment
- JSCA International Cricket Stadium (~4 km)
- Fun cinemas (~4 km)
- Railway Hockey Stadium (~4 km)
- A G Colony ground (~5 km)
- SRS cinema (~9 km)
- Butterfly Park Ranchi (~32 km)
Services
- India Post (<1 km)
- Bank of Baroda (~1 km)
- Special Task Force Office (~2 km)
- Axis Bank (~4 km)
- Jharkhand Police HQ (~6 km)
- Jharkhand Fire Services HQ (~6 km)
Religious Places
- Jagannath Temple (~2 km)
- ram mandir (~3 km)
- hanuman mandir (~3 km)
- Shiv Mandir (~3 km)
- shani mandir (~4 km)
- Kali temple (~4 km)
Business & Hospitality
- Hotel Park Inn (~2 km)
- Heavy Engineering Corporation Limited (~5 km)
- Radisson Blu (~6 km)
- High Tension Insulated Factory (~11 km)
- Golden Tulip (~12 km)
- Usha Martin factory (~21 km)

Places © OpenStreetMap contributors, Overture Maps Foundation * Distances from the centre of Masibari

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