Buyers Guide to Real Estate in Bhubaneswar Odisha

Buyers Guide to Real Estate in Bhubaneswar, Odisha

Bhubaneswar - the capital and Temple city • The Temple City Bhubaneswar- the most fascinating city in Indian state of Odisha • Top position among the developed cities of India • Designed by the German Architect Otto Konigsberg in 1946 • Excellent air, rail and road connections to all metros and other important cities of India • City undergoing a massive change in its demography since its inception and is already well set on the path to claim itself as a Tier I city in due course Bhubaneswar – a city of 1000 temples is around 60 km from the holy tourist city of Puri and Black Pagoda, Sun Temple at Konark. This area is known as the Golden Triangle of Odisha.

Business Potential in Bhubaneswar World Bank ranks Bhubaneswar as 3 rd best city in India to do business Crores of investment committed for the state by private entities In the year 2009 Odisha was second top Domestic Investment destination with Gujarat first and Andhra Pradesh in third place according to an analysis of ASSOCHAM Investment Meter (AIM) Study on Corporate Investments IT Parks (Infocity) have been established where IT giants namely Infosys, Satyam, TCS, Wipro, Mindtree etc. are already operating. IT Services business is growing at the rate of 30 -35 % per year. Hospitality sector rapidly expanding due to business and tourism potential. Huge investments in power, telecom, tourism, infrastructure etc. areas

Why investment in real estate • The growing population of the city, making it the 22 nd largest urban centre in the country and the rising disposable incomes of its denizens has led to high demand of residential property • The entry of IT industries in the city is another reason for development of Bhubaneswar property market. The high paying Technology companies like Infosys, TCS, Wipro and IBM have raised the need for residential as well as commercial setups • Strategic location on coastline and richness in minerals and natural resources makes it the most preferred investment destination for many

Conclusion • Many people choose Bhubaneswar as their abode due to the low pollution levels and better cover of greenery than other big cities • The encouraging behavior and interest of Stable Government in developing real estate also helps in attracting investors to the city • Real Estate in Bhubaneswar witnesses brisk development of both construction of property and its growing demand • Real estate investors can grab this opportunity and go ahead with investing money in property in Bhubaneswar

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