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Rates in Patia Bhubaneswar ??

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Rates in Patia Bhubaneswar ??

Last updated: June 10 2013
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  • Rates in Patia Bhubaneswar ??

    Hello,

    Could someone kindly provide the current land rates in and around Patia? Areas near to KIIT , Big Bazaar, Chandrasekharpur, Infocity. And is it a good investment for the future (long term)?

    Regards.
  • #2

    #2

    Re : Rates in Patia Bhubaneswar ??

    I have spent months to get a patch of land like ssamantray suggests. The problem is I just can't find partners or co-investors. I found one patch of 4.5acre about 500meters from NH. It's about 12km from Khandagiri. Owner is asking 80lakhs/acre. And one 1acre patch on NH near kuakhai river between BBSR and cuttack. This owner is asking 8crore/acre. I think these prices are ridiculously high. Any ideas/opinions?

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    • #3

      #3

      Re : Rates in Patia Bhubaneswar ??

      I might not be very clear about that 4.5 acre patch. The asking price is 80-lakhs per acre. That's almost Rs184 per sq ft. Am I right? If yes, then is it a good deal?

      And about the 1-acre patch near kuakhai, this owner is asking 8-crore. What's the price should be here?

      I'm desparate to get a 3+ acre land on NH between Kuakhai to Khandagiri. Any suggestion how do I find one(of course not being cheated). I'm already sick of some local *****'s.

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      • #4

        #4

        Re : Rates in Patia Bhubaneswar ??

        property for investment

        This thread is for SSamantaray. I am relatively new to this site. Mr. Samantaray's feedbacks about BBSR real estates have been perticularly very informative. I am looking to buy a duplex preferably in a good location in BBSR for investment purpose. Is there a good property manager/real estate agent you have in mind that you would like to recommend? Once again your inputs are valuable.
        Daisy

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        • #5

          #5

          Re : Rates in Patia Bhubaneswar ??

          Please go for reputed names like Zestates, Metro, Maruti, Sarala Realcon etc for worry free investments. Even though they charge a premium, its worth it. You can see some good projects at Gharabari and orimark web sites too.

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          • #6

            #6

            Re : Rates in Patia Bhubaneswar ??

            Land rates in BBSR(Patrapada)

            Dear Friends,

            Could someone kindly provide the current land rates in and around Patrapada

            Aslo, is there any special requirements for buying Residential Property in BBSR for an OCI/PIO Card holder (US Citizen).

            Thanks in advance!

            Comment

            • #7

              #7

              Re : Rates in Patia Bhubaneswar ??

              Originally posted by frisat_00 View Post
              I have spent months to get a patch of land like ssamantray suggests. The problem is I just can't find partners or co-investors. I found one patch of 4.5acre about 500meters from NH. It's about 12km from Khandagiri. Owner is asking 80lakhs/acre. And one 1acre patch on NH near kuakhai river between BBSR and cuttack. This owner is asking 8crore/acre. I think these prices are ridiculously high. Any ideas/opinions?
              Dear Friend,
              Be aware you may be cheated. The rates quoted to you are very very high. Bhubaneswar is developing but not prices are not sky rocketing.
              Both the land which u mentioned near khandagiri and Kuakhai river best buy will be around 40-45 lakhs per acre for big patches which u are mentioning. If u go for small plots rates will be around Rs. 200 per sft in both the areas.
              All the best

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              • #8

                #8

                Re : Rates in Patia Bhubaneswar ??

                Thereis no fixed rate as of now in Bhubaneswar. Whatever the land owner says. I hope it would be something around Rs.2000/ per sft. of land, if at all you get a litigation free land. Patia is famous of fraud selling, be carefull.

                Originally posted by ringostar View Post
                Hello,

                Could someone kindly provide the current land rates in and around Patia? Areas near to KIIT , Big Bazaar, Chandrasekharpur, Infocity. And is it a good investment for the future (long term)?

                Regards.

                Comment

                • #9

                  #9

                  Re : Rates in Patia Bhubaneswar ??

                  The apartments sell for a price tag of 2200 per sq ft and above, depending on proximity to key institutions, main road, IT zone and amenities on offer. PLotting schemes are few and might be on outright basis. Go for reputed builders, check the deal properly. Land goes for 600-700 per sq ft and above.

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                  • #10

                    #10

                    Re : Rates in Patia Bhubaneswar ??

                    Originally posted by satya_samantray View Post
                    Please go for reputed names like Zestates, Metro, Maruti, Sarala Realcon etc for worry free investments. Even though they charge a premium, its worth it. You can see some good projects at Gharabari and orimark web sites too.

                    Sarala realcon is not a reputed company rather i will say fake. several people has booked but not yet got their land since years. they are showing different land to take advances but never deliver lands. too tough to get back your refund. work hard....

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