The residential real estate market in Port Blair is witnessing a significant uptick in sales of mid-range flats, particularly in the Haddo locality. Over the past quarter, sales of 2–3 BHK flats have surged by approximately 10%, with property prices ranging between ₹50 lakh and ₹70 lakh.

This increase is largely attributed to the rising demand from local professionals and working families who are seeking affordable yet modern housing options close to the city’s commercial and administrative hubs. Haddo, known for its well-planned infrastructure and proximity to schools, hospitals, and workplaces, has become the preferred destination for middle-income buyers.

Drivers Behind the Surge

Several factors are fueling this growth in demand:

• Economic Stability: As Port Blair’s economy strengthens, local employment opportunities have expanded, increasing the purchasing power of residents.

• Infrastructure Development: Improvements in road connectivity, public transport, and essential services in Haddo are attracting buyers looking for convenient urban living.

• Modern Amenities: Developers are offering flats equipped with modern facilities such as security systems, power backup, community halls, and landscaped gardens, making these properties attractive to families.

• Affordability and Financing: Competitive pricing in the ₹50–70 lakh range coupled with easy access to home loans has made buying mid-range flats feasible for many local professionals.

Impact on the Local Real Estate Market

The growing interest in mid-range housing is encouraging real estate developers to launch more projects targeted at this segment. This trend is expected to improve the availability of quality housing options and support sustainable growth in Port Blair’s residential market.

Local brokers report increased inquiries and site visits, reflecting a positive sentiment among buyers who are optimistic about the city’s future prospects.

Future Outlook

Analysts predict that the demand for 2–3 BHK flats in Port Blair will continue to rise steadily, supported by ongoing urbanization and government initiatives aimed at housing development. The city’s strategic focus on expanding job opportunities and improving living standards will further boost the residential realty sector in the coming years.