Overview of Old Town, Bhubaneswar

Location and Connectivity

• Situated near key infrastructure points, Old Town, Bhubaneswar is a short 3 km from the Cuttack-Puri Bypass Road (NH-316) and 3 km from Biju Patnaik International Airport using Bhimatangi Road.
• Roads like Lewis Road, Bhubaneswar Marg, Rath Road, and Tankapani Road run through the area, and public transport is very accessible with Lingaraj temple road railway station and Bhubaneswar railway station nearby.

Property Rates and Trends

• The average cost per square foot in Old Town, Bhubaneswar stands at around ₹5,554, with a drop of 11.62% over the last year in 2024. The price range is from ₹5,012 to ₹5,964.
• Apartments' prices range from ₹60.4 lac to ₹89 lac, providing 1-5 BHK configurations.

Types of Properties

• Residential Apartments: Numerous ready 3 BHK apartments exist here, mostly in premium budgets. Some popular housing societies are Shuvam Khemalata Palace, Baishnodevi Sai Lingaraj, and Z Engineers Sheila Mansion.
• Plots: Different sizes of residential land plots also available. For instance, look at a 2100 square feet plot sized 70.0 ft long and 30.0 ft wide in the area.

Infrastructure and Amenities

• Healthcare: Annapurna Memorial Hospital, Sara Gastro & Laparoscopic Hospital, and Shree Hospitals are all close by.
• Education: Schools like Pumas, ITER, and a nursing college nearby.
• Shopping and Recreation: Leading shopping at The World and fun at Keshari Talkies.

Rental Insights

• Affordable: Over 5 rental properties under ₹10,000/month
• Mid-segment: 2+ properties with rents starting at ₹10,000-13,000/month
• Premium: 4+ properties with rents beyond ₹13,000/month.

Lifestyle and Environment

• Ample options for public transport with easy cab/auto availability for convenient commuting.
• Safe to roam even at night.
• Markets within walking distance; boosting the quality of life.
• Challenges lie in waterlogging during monsoons, lack of metro connectivity.

PropertyWala's Conclusion

Old Town, Bhubaneswar, provides potential buyers and renters a mixed bag. This locality boasts good connectivity, safety at night, and access to vital amenities like healthcare, education, and shopping. There are, however, issues like monsoons causing waterlogging and absence of metro connectivity. Property prices are stable, with a variety in both residential apartments and land plots. Old Town remains a viable choice for a connected, amenity-rich living environment, despite some potential drawbacks.