Bismuth based oxide nanomaterials with doping of rare earth element Nd were synthesized by simplified sol-gel method. Elemental composition was Bi 2 Ca 2-X R X CoO 6 where R is for rare earth neodymium (Nd). Structural characterizations have shown monoclinic crystal structure with C2/c space group. Differential scanning calorimetery and thermogravimetric analysis were done for thermal behavior of nanomaterials. Thermal stability of samples were enhanced after doping of rare earth element. Electrical resistivity measurements were carried out as a function of temperature, which showed decrease in resistivity with increase in temperature. Thermal transport properties like thermal conductivity, thermal diffusivity and volumetric heat capacity were measured. Thermal conductivity measurements have shown lower values after doping. Variation in thermal transport properties with temperature are also discussed. These results suggest that Nd is the effective element for improving thermoelectric properties of bismuth based cobalt oxides.