Overview of Phulnakhara, Bhubaneswar

Phulnakhara is in Bhubaneswar, Odisha. It's a new area that's getting a lot of attention from real estate buyers and renters.

Location and Connectivity

• Phulnakhara sits close to important places like the Bhubaneswar-Cuttack Highway, SUM Hospital, East Engineering College, and DPS Kalinga.
• It connects well to other localities such as Hanspal, Rasulgarh, Sahid Nagar, and Acharya Vihar.

Property Types and Prices

Flats and Apartments

• Flats cost from ₹50.1 Lac to ₹2.29 Cr with average rates of about ₹5,800 per sq ft. A 2 BHK flat might be between ₹81 lakhs to ₹1.04 crore. A 3 BHK flat's price can be even higher.
• There are 2 BHK, 2.5 BHK, 3 BHK, 3.5 BHK, and 4 BHK apartments.

Independent Villas and Houses

• Prices for villas and houses range from ₹65 Lac to ₹1.50 Cr, varying with their features. For instance, a 3 BHK villa might cost from ₹72 Lac to ₹2.30 Cr.
• These properties often have modern amenities like tennis courts, basketball courts, badminton courts, temples, parks, libraries, community halls, and club houses.

Residential Plots

• Plots are available from ₹13 Lac to ₹1.15 Cr. They vary from 1200 sq-ft to 3798 sq-ft with rates from ₹1000-1900 per sq ft.
• These plots can have gated societies, concrete roads, master boundary walls, and the option to build multiple floors.

Amenities and Facilities

• The area offers several amenities like tennis courts, basketball courts, badminton courts, temples, parks, libraries, community halls, and club houses.
• Its proximity to institutions like DPS Kalinga, East Engineering College, and SUM Hospital makes it attractive for families.

Price Trends and Appreciation

• Flat prices in Phulnakhara have gone up by 13.4% in the last year and 66.7% in the last decade. Land value has risen by 10% in a year and 29.4% over a decade.

Rental Options

• For renters, houses and villas are available starting around ₹6,000 per month for a 1 BHK property.

PropertyWala's Conclusion

Phulnakhara offers a great real estate opportunity with its excellent location, variety in properties, and appreciating values. Its good connectivity, key amenities, and nearby educational and healthcare facilities make it perfect for both investors and families. Whether you're seeking a fancy villa, an apartment, or a plot, Phulnakhara features a mix of ready-to-move and new construction options for all budgets and needs.