Overview of Sundarpur, Bhubaneswar

Location and Connectivity

Sundarpur, located in Bhubaneswar, is a developing area known for its good connections to other parts of the city. Close to major spots like Patia, it's an appealing choice for property buyers and renters.

Property Prices

• The starting cost for properties here is about Rs. 5,192 per square foot.
• The average price hovers around Rs. 6,512 per square foot.
• Properties are available for buying, ranging from ₹1.8Cr to ₹2.2Cr, mostly in the ₹1.8Cr - ₹2Cr bracket.

Property Types

• Apartments: Found in many sizes and with varied amenities. You might find a 3 BHK apartment between ₹59 Lac and ₹2.90 Cr depending on size and transaction type.
• Independent Houses: They’re less common than apartments. Prices vary greatly based on size and condition.
• Villas: Some luxury villa options are available, often at a premium.

Market Trends

• Last year, property prices in Sundarpur went up by 18.76%, showing market growth.
• Year-over-year (YoY) change shows a -7.38% decrease, yet the general trend is upward in property values.

Amenities and Infrastructure

• Sundarpur’s part of a city expanding its infrastructure with schools, hospitals, and shopping centers.
• The area sees new projects emerging, likely to boost living quality and amenities.

Pros and Cons

**Pros

• Growing Real Estate Market: Property values are rising, making it a potential good investment.
• Good Connectivity: Sundarpur links well to Bhubaneswar, an advantage for residents.
• Various Property Options: There’s a mix of property types catering to different budgets and tastes.

**Cons

• Limited Historical Data: While recent trends are positive, long-term market stability may be uncertain.
• Price Variability: Prices can differ widely even within the same locality; careful research is necessary.

PropertyWala's Insight

Thinking of buying or renting in Sundarpur, Bhubaneswar? It’s important to consider the growing real estate market and good connectivity against the need for in-depth research on property prices and trends. Positive growth in property values and the variety of property types make it a good spot for investors and buyers alike. Keep an eye on market changes and ensure your property meets your financial and lifestyle needs. With the right strategy, Sundarpur can be both comfortable and profitable for your real estate goals.