Tuesday, August 20, 2013

Explore Why You Choose Odisha Properties for Investment?

The State of Odisha, officially Odisha since November 2011, is located on the east coast of India. Although known for its innumerable temples, particularly in the cities of Konark, Cuttack, Puri, Sambalpur and Bhubaneswar, Odisha is one state where real estate has emerged as a big player in the recent years. Armed with a bank of mineral wealth and due to its recent leaps in the fields of steel, aluminium, power and refineries, Odisha properties have caught the attention of realtors from all across the nation.

Considered today as an investment hotspot, properties in Odisha are well in demand in the real estate sector. Realtors find investing in Odisha properties a lucrative proposition. The state has immense potential in IT, electronics, tourism, food processing, ports and many other industries. Despite the raging issues of land acquisition and local resistance, industrialisation has gone off in a big way in the State.

About 45.9 per cent of the total outstanding investments had actually gone on ground while 51 per cent of the live investment projects were past the announcement stage. The State had 574 live investment projects to the tune of Rs 11.3 lakh crore as of 2010. Registering a growth of over 19 per cent year-on-year, it had attracted 72 fresh live investments notching over Rs 1.8 lakh crore in 2010. In such a scenario, real estate can only be booming in the State doing a lot of good for properties in Odisha.

Investment is thus pouring in for Odisha properties and Bhubaneswar, the capital city, is being considered the most sought after destination. Although the maximum number of housing projects and apartments are coming up in Bhubaneswar, properties in Odisha particularly those in Cuttack and Puri have attracted builders and reputed real estate firms across the country to launch their projects in these places.

That apart, properties in Odisha, particularly South Odisha including Berhampur are attracting the attention of real estate investors in a big way. The city of Berhampur has seen an unprecedented boom in real estate sector in the recent times. Mega residential projects are being announced almost on a regular basis and real-estate investors from various others cities are flocking in large numbers to make the most of this huge demand for residential apartments in Berhampur city. Estimates say that more than hundred mega residential apartments are under construction in and around the city.

At a time, when the Odisha economy is witnessing an unprecedented investment, Odisha properties have to be the center of attention for real estate investors. Well, there is bright future calling.

Checkout here at Orimarkproperties.com to know more about the current real estate properties updates in Odisha.


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