Report by OD bureau, Bhubaneswar: The real estate sector in Bhubaneswar is getting bigger and better with every passing day with the face of the city completely changed thanks to development of residential townships, malls, office spaces, flyovers and road improvements.
This infrastructural change has made the city one of the fastest growing tier II cities in the country, and also a realty hotspot for investors today. Bhubaneswar is proving to be an ideal city for buying residential and commercial property because of availability of excellent infrastructure and all the basic facilities.
The city, endowed with all the basic features essential for growth, has prompted realtors, from all over the country, to launch their projects in the city. The city’s growth can be attributed to rising investments across industries including information technology, rapid industrialization and opportunities arising out of it and improvement in infrastructure and urban governance.
This apart, major IT giants are setting up their operational base in Bhubaneswar while the education sector has also been experiencing a major boost with the city being home to top-notch educational institutions like IIT, KIIT, XIMB and many more.
This apart, even in the healthcare sector, Bhubaneswar has witnessed a considerable improvement with modern medical facilities being offered by renowned names like Apollo, Kalinga, Hemalata, Aditya, Ayush, AIIMS, Asian Heart Institute and some more. In other words, the city can well be termed as a one-stop luxury destination in the State that attracts investors in large number to the city.
This apart, a number of real estate schemes have been introduced in Bhubaneswar properties which also attracts builders to invest more in this city of temples. The increasing number of projects coming up in the city has uplifted the real estate scenario. Further, the city is well connected, internally as well as externally through its elaborate transit systems, adding to its real estate values.
Bhubaneswar realty segment is more consumer-driven and the realtors are launching according to the prevailing demand and need. The construction activities of new real estate projects have pushed property prices to new heights. The real estate scenario of Bhubaneswar is thus very notable and is likely to increase in the near future.
In order to explore the real estate investment opportunities in Bhubaneswar kindly visit the upcoming SBI property Xpo-2nd Edition going to be held at SBI Local Head Office,Opp Rabindra Mandap on 20th and 21st Oct 2012. Browse www.sbipropertyxpo.com for more details.