Bhubaneswar has rapidly transformed from a quiet administrative city into one of India’s fastest-growing real estate destinations. With smart city initiatives, IT expansion, improved infrastructure, and growing employment opportunities, demand for spacious homes has increased significantly. Among all configurations, 3 BHK flats in Bhubaneswar are the most preferred choice for families, professionals, and long-term investors.
However, 3 BHK flat prices in Bhubaneswar vary widely depending on location. Some areas offer budget-friendly options, while others are known for luxury living and premium pricing. This blog provides a detailed area-wise comparison of 3 BHK flat prices in Bhubaneswar, helping you choose the right location based on budget, lifestyle, and investment goals.
Current Average 3 BHK Flat Price in Bhubaneswar (2026)
- Price per sq. ft: ₹5,200 – ₹8,500
- Average flat size: 1450 – 1900 sq. ft
- Overall price range: ₹65 Lakhs – ₹1.6 Crore
Affordable Areas for 3 BHK Flats in Bhubaneswar
These areas are ideal for budget-conscious buyers, first-time homeowners, and long-term residents.
1. Old Town (Lingaraj Area)
- Price Range: ₹65 – ₹95 Lakhs
- Price per sq. ft: ₹4,800 – ₹6,200
Old Town is one of the oldest residential zones of Bhubaneswar, known for its strong local connectivity and cultural importance. While modern luxury projects are limited, this area offers affordable 3 BHK flats with good livability.
Why Buy Here?
- Close to schools, markets, temples
- Stable rental demand
- Lower property prices
2. Rasulgarh
- Price Range: ₹70 – ₹1 Crore
- Price per sq. ft: ₹5,000 – ₹6,500
Rasulgarh is a fast-developing residential and commercial zone with excellent road connectivity. It is popular among working professionals looking for value-for-money 3 BHK apartments.
Advantages
- Easy access to NH-16
- Close to industrial & IT zones
- Good public transport
3. Jharapada
- Price Range: ₹75 Lakhs – ₹1.1 Crore
- Price per sq. ft: ₹5,200 – ₹6,800
Jharapada is emerging as a strong residential hub with multiple new apartment projects. It balances affordability and modern amenities.
Best For
- Middle-income families
- Long-term residence
- Moderate investment returns
Mid-Range Locations for 3 BHK Flats in Bhubaneswar
These areas offer a balance of price, connectivity, amenities, and appreciation potential.
4. Patia
- Price Range: ₹85 Lakhs – ₹1.3 Crore
- Price per sq. ft: ₹6,500 – ₹8,000
Patia is one of the most sought-after locations due to its proximity to Infocity, IT parks, and top educational institutions.
Why Patia is Popular
- High rental demand
- Premium gated communities
- Excellent social infrastructure
5. Chandrasekharpur
- Price Range: ₹80 Lakhs – ₹1.2 Crore
- Price per sq. ft: ₹6,200 – ₹7,800
A well-planned residential area with wide roads, parks, and premium apartments. Chandrasekharpur is perfect for families seeking a peaceful lifestyle.
Key Highlights
- Near airport & railway station
- Strong resale value
- Clean and organized locality
6. AIIMS / Sijua Area
- Price Range: ₹70 Lakhs – ₹1.1 Crore
- Price per sq. ft: ₹5,500 – ₹7,000
This zone is growing rapidly due to healthcare infrastructure and upcoming residential projects.
Ideal For
- Doctors & healthcare professionals
- Budget-plus buyers
- Future appreciation
Luxury Areas for 3 BHK Flats in Bhubaneswar
Premium locations known for high-end living, top-class amenities, and strong capital appreciation.
7. Kharavela Nagar
- Price Range: ₹1.1 Crore – ₹1.6 Crore
- Price per sq. ft: ₹8,000 – ₹10,000
Kharavela Nagar is among the most premium addresses in Bhubaneswar, offering luxury apartments and excellent connectivity.
Luxury Advantages
- Central location
- Premium lifestyle
- High resale demand
8. Jaydev Vihar
- Price Range: ₹1 Crore – ₹1.5 Crore
- Price per sq. ft: ₹7,500 – ₹9,500
Jaydev Vihar is ideal for buyers seeking luxury living near commercial zones.
Why Choose Jaydev Vihar
- Close to offices & malls
- Excellent road connectivity
- Strong rental income
Upcoming & High-Growth Areas for 3 BHK Flats
These locations are best for investors and future-focused buyers.
- Trisulia
- Tamando
- Phulnakhara
💡 Prices currently range between ₹60–85 Lakhs, with expected appreciation of 10–14% annually.
Factors That Affect Area-Wise 3 BHK Flat Prices
- Location & connectivity
- Infrastructure development
- Builder reputation
- Amenities & security
- Proximity to IT hubs, hospitals, schools
Which Area is Best for You?
| Buyer Type | Best Areas |
|---|---|
| Budget Buyers | Old Town, Rasulgarh |
| Families | Patia, Chandrasekharpur |
| Investors | Trisulia, Tamando |
| Luxury Buyers | Kharavela Nagar, Jaydev Vihar |
Choosing the right location is the most important step when buying a 3 BHK flat in Bhubaneswar. From affordable neighborhoods to premium residential zones, the city offers options for every budget and lifestyle.
Understanding area-wise 3 BHK flat prices in Bhubaneswar helps you make a smart, informed decision—whether you’re buying for self-use or investment.
