Khandagiri is located towards the south of Bhubaneswar, 7.5 kilometres from the heart of the city. It is known for the Udaygiri and Khandagiri caves that were built during the times of King Kharavela to house Jain monks. Areas such as Chandrasekharpur, Baramunda, Badaraghunathpur, Patia, Gajapati Nagar, Rasulgarh Square and Raghunathpur surround Khandagiri. The NH 5 borders the area.

Khandagiri real estate is much sought after for the peaceful and pollution free environment. Several renowned developers of Bhubaneswar are working on projects here including Raj Anand Builders Pvt Ltd, PDN Developers, Essen, Trident Properties, Citicon, SRB Multitech Ltd, Archid Homes, Appoli, DN Homes and Divine. The sizes of property in Khandagiri range from 500 to 8000 sq ft while their configurations are 1, 2, 3, 4 and 5 BHK. The price of Khandagiri property has increased by 1.1 percent in the last 26 months. The lowest price is being charged by the SRB Multitech Ltd’s Sri Jagannath Vihar III of Rs 450 per sq ft whereas the highest rate is being charged at the Trident Properties’ Orion, of Rs 4676 per sq ft.

The neighbourhood’s social infrastructure is well-developed and supportive of family life. Reputed schools in the vicinity include Vikash Residential College, The Techno School, Radcliffe School Bhubaneswar and Tapoban High School.