The capital city of Orissa, Bhubaneswar, can well be termed as one of the most emerging cities in the real estate market to be witnessing a boom in the last few years.
The capital city of Orissa, Bhubaneswar, can well be termed as one of the most emerging cities in the real estate market to be witnessing a boom in the last few years. And, if reports are any indication, the real estate market in the city has developed remarkably in the last couple of years and stands much more organized and transparent today.
Developers of real estate are watched with an eagle eye by many regulatory bodies as well as lending institutions, Confederation of Real Estate Developer's Associations of India (CREDAI), Odisha being one of them. Professionalism which was once lacking in this sector, therefore, has come into action, instilling a new confidence among the buyers.
This has resulted in the entry of more players and has considerably improved the demand-supply dynamics, with the supply figures now all set to go hand in hand with the Orissa Property demand.
Ushering in a plethora of opportunities for builders and developers, the city therefore has seen several housing projects being launched, including quite a few in the luxury segment in the recent months. Builders are competing big time to come up with innovative projects to attract the buyers, who now find themselves in a win-win situation.
Realty Behind Bhubaneswar Real Estate Sector