Bhubaneswar, the Temple City of India, blends ancient heritage with modern growth. The city is rapidly transforming into an urban hub. Real estate investment here is seeing remarkable growth. New infrastructure, IT corridors, and improved roads are boosting this trend. Several neighbourhoods are now emerging as real estate hotspots for homes and businesses.
As a property investor, it’s smart to explore Bhubaneswar’s fastest-growing areas. Prices in many localities are rising steadily. Some areas have seen 25% to 40% growth in the last five years. Early investment can yield strong returns. Choosing the right location now can turn a home purchase into a profitable asset.
This guide covers Bhubaneswar’s top 10 growth-driven localities. These areas are shaping the city’s future.
Whether you’re a first-time buyer or investor, they offer great potential.
A List of 10 emerging neighbourhoods in Bhubaneswar:
From well-established zones to upcoming areas linked by upcoming roads and metro plans. These emerging neighbourhoods offer a mix of good infrastructure, better connectivity, and strong investment potential of Bhubaneswar.
#1. MADANPUR: The Education & IT Growth Hub
Madanpur is located in the fast-growing southern corridor of Bhubaneswar. It benefits from the upcoming INFOVALLEY, Odisha’s major IT and education hub. This corridor is envisioned as the next big tech and knowledge zone in the state.New infrastructure projects like the six-lane Bhubaneswar–Cuttack Ring Road are boosting connectivity. A proposed metro line will further improve access across the capital region.
Madanpur is close to top institutions like IIT, AIIMS, NISER, and C.V. Raman Engineering College. GD Goenka School also adds to its educational value. This makes Madanpur a strong choice for families and working professionals.
Real estate platforms report 20% price growth in 2023 and 7–8% in 2024. Current apartment rates range between ₹5,600–6,000 per sq.ft, with upward trends into 2025. Affordable homes, peaceful surroundings, and rental demand enhance its appeal. Madanpur offers a perfect mix of infrastructure, lifestyle, and investment potential.
#2. PATRAPADA: A Well-Connected Urban Investment Zone
Patrapada is located in south-western Bhubaneswar, adjacent to NH-16. It enjoys reliable connectivity to key city points. The locality lies just 10–15 km from Biju Patnaik International Airport and Bhubaneswar Railway Station.
Residents have seamless access to IT hubs and commercial centers. Patrapada is close to major hospitals like AIIMS, Manipal Hospital, and SUM Ultimate. It is also near top schools, making it ideal for families. Smart city upgrades and civic development are ongoing in the area. This makes it attractive to both end-users and rental investors.
Property rates here have seen over 10% YoY appreciation. Current apartment prices range between ₹7,000–7,500 per sq.ft. Projects in this area offer strong rental yield and high ROI. If you’re seeking a fast-growing, well-connected, and livable neighbourhood, Patrapada is a top choice for FY 2025–26.
#3. GOTHAPATNA: Affordable Growth with Strong Connectivity
Gothapatna is emerging as a value-driven investment zone in Bhubaneswar. It offers affordable pricing with steady 4–5% YoY appreciation. The area is strategically located near key educational hubs.
These include IIIT-Bhubaneswar, Birla Global University, IMI, and SUM Hospital. Its proximity to top institutions attracts strong end-user and rental demand.
The locality has solid road infrastructure. It offers easy access to the upcoming 110 km Bhubaneswar Bypass. This enhances connectivity to Khurda, Cuttack, and the Ring Road. Gothapatna offers mid-rise apartments priced between ₹4,500–5,700 per sq.ft. The area provides affordable entry with potential for steady capital growth
With diverse housing options and strong rental appeal, Gothapatna is a smart real estate choice for 2025–26.
#4. JATANI GATE: Affordable Entry with High Growth Potential
Jatani Gate lies in the rapidly growing southern corridor of Bhubaneswar. It enjoys a strategic location near NH-16 and Jatani Railway Station. The area also connects to the Bhubaneswar–Khordha–Berhampur development corridor. The proposed Bhubaneswar Ring Road will boost accessibility. Connectivity to Khurda Road Junction is also improving steadily. These upgrades are drawing attention from homebuyers and real estate investors.
Jatani Gate is close to major institutions like C.V. Raman Global University and IIT Bhubaneswar. The nearby Khordha Industrial Estate adds to its economic value. This makes it ideal for both residential living and rental returns. Real estate platforms report 6–8% YoY price appreciation. The locality combines low entry cost with strong future potential. Infrastructure-led development is driving demand and price growth.
For FY 2025–26, Jatani Gate stands out as a smart investment zone in Bhubaneswar’s expanding real estate landscape.
#5. RAGHUNATHPUR: Premium Growth in Bhubaneswar’s IT & Urban Belt
Raghunathpur is located in the prime northern corridor of Bhubaneswar. It sits strategically between Patia, Nandankanan, and the Infocity IT corridor. The area offers strong connectivity via NH-16 and the upcoming Ring Road.
It is also close to the proposed Bhubaneswar Metro Phase-1 route. This makes it a preferred zone for professionals, families, and investors. The locality has excellent social infrastructure ; schools, hospitals, markets, and banks. Its proximity to KIIT University and KIMS Hospital adds great residential value. Multiple nearby tech parks make it a hotspot for rental housing.
Property prices show a 3–5% quarterly growth trend. Apartments here range from ₹6,500 to ₹8,000 per sq.ft. Premium projects are reaching ₹9,500 per sq.ft. and beyond.
Raghunathpur offers urban convenience, steady demand, and top-tier returns ; making it a leading investment destination for FY 2025–26.
#6. CHANDAKA: Nature-Backed Growth with Smart City Potential
Chandaka is located in north-western Bhubaneswar and is emerging as a premium real estate investment destination. The area offers a peaceful, green setting beside the famous Chandaka Elephant Sanctuary. Despite its eco-friendly surroundings, Chandaka is well-connected via the Khurda–Chandaka Road and the upcoming six-lane Bhubaneswar Bypass. The locality is also part of proposed smart city planning and a future satellite township initiative.
Chandaka enjoys proximity to IT hubs like Patia and Chandrasekharpur. It also has easy access to schools, hospitals, and daily essentials. This mix of greenery, connectivity, and planned development attracts families, professionals, and long-term investors.
Chandaka has shown a healthy 7–9% YoY appreciation in property value in recent years. For FY 2025–26, Chandaka offers a rare blend of lifestyle, location, and strong capital growth potential.
#7. PATHARAGADIA: A Value-Driven Destination with Steady Growth
Patharagadia is emerging as a promising real estate location in Bhubaneswar’s developing north-western zone. Its rise is fueled by infrastructure growth and the nearby Chandaka Industrial Estate.
The area enjoys smooth road connectivity and access to reliable utilities. Social amenities like schools, hospitals, banks, and markets support a convenient lifestyle. Nearby, the scenic Shikhar Chandi Temple adds cultural and recreational charm. This makes Patharagadia attractive for both families and long-term tenants.
Homebuyers prefer it for peaceful surroundings and affordable property options. End-users and investors appreciate its strong residential demand and future growth potential. Property prices remain accessible, making it ideal for mid-budget investors. Patharagadia promises healthy rental yield and capital appreciation in FY 2025–26.
#8. TRISULIA: Twin-City Connector with High Appreciation Potential
Trisulia is located between Bhubaneswar and Cuttack, at the intersection of NH-16 and the New Kathajodi Bridge. Its strategic position has made it a fast-growing real estate hotspot. The upcoming Bhubaneswar–Cuttack Metro Phase 1 will boost connectivity to SCB Medical College and beyond. This new access has triggered a dramatic 30–50% surge in land prices.
Rates have risen from ₹3,000–4,000 to ₹5,500+ per sq.ft in recent years. The area draws strong interest from investors and developers. Major institutions like Sri Sri University and Sai International School add educational value. Key industries like Bharat Masala and Jockey boost employment and economic activity.
Nearby healthcare centers include SCB Hospital and KIIMS, just 15–20 minutes away. This makes Trisulia ideal for families, students, and working professionals. Multiple residential projects are underway, offering both affordability and modern living. Trisulia offers strong ROI and high rental potential ; making it a prime pick for FY 2025–26.
#9. SUNDARPADA: Budget-Friendly Living with Airport Proximity
Sundarpada is located on the southern edge of Bhubaneswar, close to Pokhariput and the Biju Patnaik International Airport. Its affordability and improving connectivity are drawing attention from homebuyers and investors.
Upcoming civic projects are set to transform the area further. These include the widening of the Sundarpada–Jatni Road and new flyovers at Kalpana and Museum Square. The location benefits from enhanced bus routes and inner-ring connectivity under the city’s Integrated Development Plan.
This boosts access to key hubs and daily conveniences.
XIM University and nearby transit corridors make it ideal for students, professionals, and airport-linked workforce. The area features ready-to-move flats, plotted land, and villas in varied price ranges. Sundarpada’s pricing remains affordable, with consistent rental demand and future growth prospects.
For FY 2025–26, it offers a great entry point for budget-conscious investors seeking long-term gains.
#10. HANSPAL: Twin-City Advantage with Rapid Appreciation
Hanspal is located on Bhubaneswar’s eastern outskirts along the NH-16 corridor, offering strategic access to both Bhubaneswar and Cuttack. Its location makes it ideal for commuters, professionals, and city-bound families. The area is supported by solid social infrastructure; shopping hubs, hospitals, schools, and everyday conveniences. This enhances both residential comfort and rental demand.
Hanspal offers a mix of luxury villas, mid-range apartments, and plotted developments, catering to diverse buyer segments. End-users and investors are both actively engaging in the locality.
Real estate platforms report an impressive 26% YoY appreciation, showing rising demand and investor confidence.Strong infrastructure and location benefits are driving price growth across the board. With twin-city connectivity, housing variety, and increasing livability, Hanspal is a high-potential investment hotspot for FY 2025–26.
Invest Smart in Bhubaneswar’s Future-Ready Localities
Bhubaneswar’s real estate market is evolving fast with major upgrades in infrastructure, education, and urban connectivity.cEmerging neighbourhoods are offering a strong mix of affordability, accessibility, and long-term growth potential.
Areas like Chandaka, Trisulia, and Hanspal offer greenery and metro connectivity. Localities such as Patrapada, Madanpur, and Jatani Gate present excellent entry points for early investors. Zones like Raghunathpur, Gothapatna, and Patharagadia benefit from proximity to IT parks, universities, and proposed metro links. These localities are gaining momentum for both rental income and capital appreciation.
Whether you’re looking to invest or settle down, these areas are ready to deliver strong ROI in FY 2025–26 and beyond. As Bhubaneswar transforms into a next-gen smart city, now is the perfect time to invest in its future. The opportunity is here; before prices climb further.
Disclaimer: The information provided in this blog is intended for general informational purposes only and is based on publicly available data, market trends, and real estate insights as of 2025. Readers are advised to conduct their own due diligence and consult with certified real estate professionals or financial advisors before making any investment decisions. My Homes Estate and eBhubaneswar.com are not liable for any investment outcomes based on this content.
