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Overview of Sambalpur Real Estate

Location and Accessibility

Sambalpur, found in Odisha, India, offers a mix of history and current amenities. It’s easily accessed by roads, railways, and flights, attracting investors and residents alike.

Property Prices

Buying Properties

• The typical price for Sambalpur homes is around Rs. 4,117 per sq ft.
• Buying prices range from Rs. 2,812 to Rs. 5,303 per sq ft. Specific prices:
  • Ainthapali: Rs. 5,752
  • Panchagochhia: Rs. 5,000
  • Bareipali: Rs. 5,000
  • Khetrajpur: Rs. 4,102
  • Budharaja: Rs. 4,000

Renting Properties

• Sambalpur’s rental market is diverse with many price options. Renting a house or flat starts around Rs. 1,150 per month.
• Typical costs:
  • 1 BHK: Rs. 2,500 - Rs. 7,000
  • 2 BHK: Rs. 6,000 - ₹15,000

Popular Localities

• Budharaja: Famous for being highly accessible and a prime spot, loved by many buyers and tenants.
• Ainthapali: Its property costs more, yet it has great amenities and easy access.
• Sakhipara: This area is popular due to good living conditions and facilities.
• Burla: Fairly priced compared to others, with an average buying price of Rs. 3,215 per sq ft and fair rental rates.

Types of Properties Available

For Sale

• Independent Houses: Found in many spots, these houses, ranging from 3 BHK to 4 BHK, sell from Rs. 50 Lac to Rs. 2.30 Cr.
• Apartments: Numerous projects fit various budgets and styles.
• Residential Plots: Available, with prices like Rs. 16 Lac for a 2750 sq-ft plot in Burla.

For Rent

• Houses: From 1 BHK to 3 BHK, with various pricing based on locations.
• Apartments: With 1 BHK and 2 BHK options, rental costs vary by place and features.
• Villas and Builder Floors: Available in connected areas like Budharaja.

Market Trends

• Sambalpur’s property market shows a year-on-year average price drop by -32.43%, making it a good time for buyers.
• Trends suggest positive gains for property transactions here if done correctly.

PropertyWala's Conclusion

Sambalpur’s real estate market has plenty to offer for investors and renters. With prices falling, it might be a great opportunity. The city’s links, conveniences, and property variety make it appealing. Whether you want to buy a grand villa in Budharaja or rent a peaceful flat in Sakhipara, Sambalpur has it all. Remember, local trends and property conditions matter for any choice.