House for rent in Bhubaneswar: Categorical Insights

Bhubaneswar is the capital of Odisha and is widely recognized for its tourism, information technology, education and administrative sector. Renting and buying of houses and flats are always a matter of concern since students, working professionals and traders keep moving in and out of the city.

Bhubaneswar has emerged as one of the fastest growing cities in the state and in Eastern India. The city was designed to be a residential city with an outlying industrial area. According to a study made by Associated Chambers of Commerce and Industry of India, Bhubaneswar has the highest rate of employment among 17 tier-2 cities of India.

Since the city is a rapidly growing city, people moving in usually search for a room for rent, house for rent or flat for rent, which is best suitable for them. Real Estate (Housing) for renting purposes is broadly divided into 5 categories: pg, room, flat, house and duplex.

Pg for rent

• Students and working professionals moving into the city for educational purpose, internships, training, jobs etc. so they usually look for a pg for rent in Bhubaneswar and in most cases search for a pg for rent near me in order to stay in the same locality where their educational institution, office or training institute is located.

Room for rent

• A room for rent is usually preferred by a group of working professionals or students who want to have some freedom and privacy, since pg has many rules and regulations so people usually move out from the pg once they are financially stable or find a like-minded group of people.
• Some traders also search for a single room for rent, which they can use for commercial purposes.

Flat for rent

• Decently paid Working Professionals or people having a higher monthly or yearly earning prefer a flat for rent to move in with their families and maintain a quality of life.
• Most of the first timers moving into flat in a society usually go for a 1bhk flat for rent or 2bhk flat for rent to experience the flat culture. Flat culture has many rules and regulations made by the developer and members of the society.

House for rent

• People, who are staying in a joint family and want to have some privacy and freedom, usually look for a house for rent.
• An independent house for rent has many advantages like big room size, parking space, terrace, balcony etc. depending on the location. Most of the people generally search for a 3bhk house for rent or a 4bhk house for rent.

Duplex for rent

• Duplex is a symbol of luxury and signifies higher standard of living. It is a multi-family home stacked in a single block of building either side by side or on top of each other.
• A duplex for rent is generally taken by Higher Income Group (HIG) category people or Businessmen’s, since it is very expensive to afford.

Saheed Nagar is the commercial capital of Bhubaneswar. It has educational institutions, training institutes, IT Companies, law firms, malls, theatres, stores etc. Real Estate prices are very high as compared to other places in the city. Taking a room for rent in sahid nagar is more expensive than taking a room for rent in Bhubaneswar and is almost equal to 2bhk flat for rent in Bhubaneswar (in nearby area other than Saheed Nagar).   

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