Ask anyone which is the busiest and congested road in the city and the reply will be the road connecting Kalpana Square to Rasulgarh, commonly referred to as Cuttack Road.
“It takes me about an hour to reach Kalpana from Rasulgarh during rush hours,” said Pramod Biswal, a government employee who frequently commutes on the road. An hour for covering a five-km stretch is certainly not what the capital city denizens deserve, but traffic chaos is something which is quite common on this congested thoroughfare. Unrestrained growth in encroachments, water leakages from overflowing and dilapidated drains and continuous movement of heavy vehicles have been disreputed to be the main reasons for the traffic woes. “There are over 400 encroachments including four temples, a cable factory, two vegetable markets and numerous big and small garages,” pointed out an official of Bhubaneswar Municipal Corporation.
If these were not enough, two shopping malls are slated to be inaugurated soon near Laxmi Sagar along the road, compounding the misery of the commuters. Nobody knows for sure what kind of parking arrangement these malls have planned.
Believe it or not, this road (NH-203) that has been granted national highway status in 1999 has been neglected since then. “But now we are planning expansion,” said executive engineer, NH, Orissa division, Bijay Kumar Sahu. According to him, a sum of Rs 46 lakh would be spent in three phases on the construction of drains between Kalpana Square and Rasulgarh Square. National Highway Authority of India (NHAI) sources disclosed the road would comprise four-lanes after encroachments are removed and drain work is completed. “We need around 15 metres width to construct a four-lane road,” sources said. “The feasibility report is under preparation,” sources added.
The NHAI has also chalked out a plan to ease traffic pressure on this road by building by-passes connecting Samantrapur to Palasuni directly, so that all heavy vehicles can go through the road without disturbing the general traffic, an official said. Bhubaneswar mayor Mihir Mohanty, admitted that traffic on the road is a cause for concern. “We will surely take action on removing hindrances or resistance if the NHAI approaches us. We are also planning to install high-mast lights to help vehicular movement,” he assured.
http://www.twincityplus.com/fullStory.asp?articleID=TCP6ART322200735957
Thursday, March 29, 2007
Tuesday, March 20, 2007
Reality Bites
Posh properties in Bhubaneswar have suddenly become rare commodity, thanks to soaring prices.
Prafulla Mishra and his family have been hunting for an apartment or a plot in the state capital for the last five years. But all his efforts went up smoke, the prohibitive costs of landed property in Bhubaneswar have put everything out of Mishra’s reach. With four years left for his superannunation, the law professor at Utkal University is gradually realising that a small garden house at Bhubaneswar where he can spend his twilight years is almost impossible. "I am losing hope. I don’t think I can afford it. The prices are becoming exorbitant,"regrets Mishra.
Mishra is just a case in point. Rapid urbanisation coupled with positive developments in sunrise sectors like information technology and biotechnology have jacked up property prices at the state capital. A 1200 square feet apartment in an up market area, for instance, now costs between Rs 15 lakh to Rs 18 lakh. This could still be termed as ’cheap’ by metro standards, but for Orissa’s state capital, which was all these years considered a ’pensioner’s’ city’, it is nothing sort of a boom for realtors and builders.
Real estate prices, according to market sources, have spiralled during the last two years, with builders creating a panic-buying situation. "A couple of years back, a 1200 square feet apartment was available for around Rs 10 lakh. But now it has increased by 40 to 60 per cent depending on the locality besides the look, fittings and et al," says builder Basant Sahu of Mahanagar Services and Constructions. The rates range between Rs 1100 to Rs 1800 per sq feet. So, for a 1200sq ft apartment the cost would be about Rs 16 lakh, including registration charges," he pointed out. "There is a sense of urgency as availability of land is on the down slide. No builder wants to lose out on a good patch, hence willing to pay heavy amounts for a suitable plot. Moreover, integrated projects, better furnishing and amenities have added to the costs," points out Sambit Kar of Manorama Properties. "
The price rise is not restricted to residential complexes alone. More and more brands are hunting for space to set up shop in Bhubaneswar. This is a new trend. A decade back leading brands did not have their outlets here, but now almost all are available or are about to enter the market. The concept of shopping malls, too, has been introduced through Forum Mart and it is now catching up. Ergo, commercial space, be it for offices or retail units, has become costlier with the price hovering around Rs 3000 for each sq ft compared to around Rs 2200 two years back," disclosed another builder, preferring anonymity. Recently, an eight-storey condominium in posh Sahid Nagar area was sold for Rs 1800 per sq ft, industry sources said. "The city is growing fast and requires10,000 to 12,000 houses a year," states chairman of Orissa Chamber ofHousing Developers Association R N Kar.
Paucity of suitable land within the city as well as Bhubaneswar Development Authority’s restrictions on construction of multi-storey buildings has added to customers’ woes. "Anybody and everybody in Orissa who can afford seem keen to invest in Bhubaneswar. Some, obviously, want property for residence purposes, but the majority is doing it for investment. Many non-resident Oriyas (NROs) are buying apartments or plots in the state capital. So also are affluent families hailing from smaller towns in Orissa," revealed G C Biswal, marketing manager of a city-based property dealer.
Crore-plus deals, which are commonplace in metros, are however still a far cry for Bhubaneswar. "Duplexs are selling for up to Rs 35 lakh. But standard housing plots (2400 sq ft) or apartments are available for much less. In future, Bhubaneswar will certainly witness crore-plus transactions," hopes Sahu. The real estate industry in Bhubaneswar is dominated mostly by home-bred proprietors.
But, of late, Sahara has made forays and started developing a big patch for housing along the Bhubaneswar-Cuttack road.Kolkata-based Bhabani Constructions, also, has started constructing a big shopping complex in Sahid Nagar area, while talk of the Ambuja group entering the market through a tie-up with state-owned Orissa State Housing Board has been doing the rounds for quite sometime. With the boom already evident, entry of the big players could only take the real estate prices higher up.
Thursday, March 15, 2007
Big names in Bhubaneswar info-park race
The top names in construction industry, DLF, Unitech and L & T have shown interest to build a Info Park in Bhubaneswar.
Info Park, will come up over 54 acres opposite Info-city on north side of the city.The Orissa Industrial Infrastructure Development Corporation (IDCO) had initiated the process of setting up the park on PPP basis and invited bids for the project sometime back.Five companies namely DLF, Unitech, L & T, Saporjee Pallonjee and Vascon had initially expressed interest to develop the park. However, later the first three companies namely DLF, Unitech and L & T had submitted their technical and financial bids for the project.
Info Park will comprise of 4.2 million sft of built-up space which will be used for the IT/ITES sectors.The Info Park once built, will meet the need of built-up space required by the IT/ITES, BPOs and other related industries, said L N Gupta, chairman and managing director of IDCO.IDCO had already earmarked the land for the park and put up a boundary wall around it. The land is opposite Info-city where the IT major Infosys has set up a development centre. Gupta said, "The bid response from the top IT and real estate developers in the Info Park project indicate their confidence in Bhubaneswar as a destination for IT/ITES industries in Orissa".
The bids for the Info Park are likely to be screened and finalized shortly.
Besides the Info Park, IDCO has also taken the initiative to acquire 227 acres at Goudakasipur near Janla Industrial estate and 72 acres at Anlapatna, Chandaka for development of land and infrastructure for IT and ITES industries.
Courtesy: Business Standard
Info Park, will come up over 54 acres opposite Info-city on north side of the city.The Orissa Industrial Infrastructure Development Corporation (IDCO) had initiated the process of setting up the park on PPP basis and invited bids for the project sometime back.Five companies namely DLF, Unitech, L & T, Saporjee Pallonjee and Vascon had initially expressed interest to develop the park. However, later the first three companies namely DLF, Unitech and L & T had submitted their technical and financial bids for the project.
Info Park will comprise of 4.2 million sft of built-up space which will be used for the IT/ITES sectors.The Info Park once built, will meet the need of built-up space required by the IT/ITES, BPOs and other related industries, said L N Gupta, chairman and managing director of IDCO.IDCO had already earmarked the land for the park and put up a boundary wall around it. The land is opposite Info-city where the IT major Infosys has set up a development centre. Gupta said, "The bid response from the top IT and real estate developers in the Info Park project indicate their confidence in Bhubaneswar as a destination for IT/ITES industries in Orissa".
The bids for the Info Park are likely to be screened and finalized shortly.
Besides the Info Park, IDCO has also taken the initiative to acquire 227 acres at Goudakasipur near Janla Industrial estate and 72 acres at Anlapatna, Chandaka for development of land and infrastructure for IT and ITES industries.
Courtesy: Business Standard
City of paradoxes!
BHUBANESWAR: Despite the fact that more number of investment agreements have been signed in Bhubaneswar than any other Indian city in recent years, the World Bank has identified it as a place where one takes the longest time to start a business.
The latest World Bank report on `Doing Business in South Asia 2007' places Bhubaneswar along with national capital New Delhi, where starting a business takes as long as 52 days. Within the country, the shortest time to start a business is 35 days in Mumbai.
In 12 major cities, which have been analysed in the study, Kolkata follows both Bhubaneswar and New Delhi where it takes about 51 days to start a business. The other cities covered in the study are Chennai, Patna, Jaipur, Lucknow, Hyderabad, Ranchi, Bangalore and Chandigarh.
Bhubaneswar has witnessed signing of a plethora of memoranda of understanding (MoU) involving projected investment of Rs 3,00,000 crores between the Orissa Government and private companies since the beginning of this millennium.
Citing example of delay in obtaining Permanent Account Number (PAN) and Tax deduction Account Number (TAN), the report says, "In Mumbai it takes 8 days to complete both procedures, where in New Delhi and Bhubaneswar it takes between 15 and 20 days. "
To register a property, Bhubaneswar is the costliest place as 14 per cent of property cost goes on account of stamp duty and transfer charges. The city has been clubbed with New Delhi, Patna, Ranchi and even Kolkata where most paperwork (11 documents) is needed for import and export.
Benchmark practices
Bhubaneswar, however, is the cheapest place to start a business. While it costs 41.3 per cent of income per capita in the city, Mumbai is spotted as the costliest place with 74 per cent of income per capita requiring for the purpose. Bhubaneswar is ranked five among all 12 cities where doing business has become easier.
The State capital, however, has been chosen for imbibing benchmark practices on licensing, contract enforcement and taxes.
Stating that obtaining the necessary licence to construct a warehouse remains extremely costly in India, at 606 per cent of income per capita, the World Bank report says, "it takes 159 days to fulfil all regulatory requirements to build a warehouse in Bhubaneswar— the shortest within the country. At the other end of the spectrum it takes 522 days in Ranchi." The number of procedures for starting business is lowest in Bhubaneswar (16) and highest in Patna and Ranchi (25), it adds.
Similarly, commercial dispute resolution (enforce a contract) takes shortest time in Bhubaneswar (610 days), while it is 1420 days in Mumbai.
Doing Business in South Asia 2007 is the third report in a series of South Asia regional reports based on the methodology of the annual global Doing Business report prepared by International Finance Corporation (IFC), a private arm of the World Bank.
http://www.hindu.com/2007/02/17/stories/2007021710320300.htm
The latest World Bank report on `Doing Business in South Asia 2007' places Bhubaneswar along with national capital New Delhi, where starting a business takes as long as 52 days. Within the country, the shortest time to start a business is 35 days in Mumbai.
In 12 major cities, which have been analysed in the study, Kolkata follows both Bhubaneswar and New Delhi where it takes about 51 days to start a business. The other cities covered in the study are Chennai, Patna, Jaipur, Lucknow, Hyderabad, Ranchi, Bangalore and Chandigarh.
Bhubaneswar has witnessed signing of a plethora of memoranda of understanding (MoU) involving projected investment of Rs 3,00,000 crores between the Orissa Government and private companies since the beginning of this millennium.
Citing example of delay in obtaining Permanent Account Number (PAN) and Tax deduction Account Number (TAN), the report says, "In Mumbai it takes 8 days to complete both procedures, where in New Delhi and Bhubaneswar it takes between 15 and 20 days. "
To register a property, Bhubaneswar is the costliest place as 14 per cent of property cost goes on account of stamp duty and transfer charges. The city has been clubbed with New Delhi, Patna, Ranchi and even Kolkata where most paperwork (11 documents) is needed for import and export.
Benchmark practices
Bhubaneswar, however, is the cheapest place to start a business. While it costs 41.3 per cent of income per capita in the city, Mumbai is spotted as the costliest place with 74 per cent of income per capita requiring for the purpose. Bhubaneswar is ranked five among all 12 cities where doing business has become easier.
The State capital, however, has been chosen for imbibing benchmark practices on licensing, contract enforcement and taxes.
Stating that obtaining the necessary licence to construct a warehouse remains extremely costly in India, at 606 per cent of income per capita, the World Bank report says, "it takes 159 days to fulfil all regulatory requirements to build a warehouse in Bhubaneswar— the shortest within the country. At the other end of the spectrum it takes 522 days in Ranchi." The number of procedures for starting business is lowest in Bhubaneswar (16) and highest in Patna and Ranchi (25), it adds.
Similarly, commercial dispute resolution (enforce a contract) takes shortest time in Bhubaneswar (610 days), while it is 1420 days in Mumbai.
Doing Business in South Asia 2007 is the third report in a series of South Asia regional reports based on the methodology of the annual global Doing Business report prepared by International Finance Corporation (IFC), a private arm of the World Bank.
http://www.hindu.com/2007/02/17/stories/2007021710320300.htm
Development in Puri
..............
Beach tourism is another important item in the agenda of the department, which has initiated measures to develop the beaches in the State such as Puri, Chandipur and Gopalpur.
Tata Consultancy Services, which was entrusted with the task of preparing a development plan for the Puri beach, has since submitted its feasibility report to the government. An international tourism complex will be set up on a large patch of land between Puri and Chilika. This complex will have integrated infrastructural facilities such as an airport, hotels, a golf course, convention centres, a health resort and water sports facilities.
http://www.hinduonnet.com/fline/fl1924/stories/20021206002208600.htm
Beach tourism is another important item in the agenda of the department, which has initiated measures to develop the beaches in the State such as Puri, Chandipur and Gopalpur.
Tata Consultancy Services, which was entrusted with the task of preparing a development plan for the Puri beach, has since submitted its feasibility report to the government. An international tourism complex will be set up on a large patch of land between Puri and Chilika. This complex will have integrated infrastructural facilities such as an airport, hotels, a golf course, convention centres, a health resort and water sports facilities.
http://www.hinduonnet.com/fline/fl1924/stories/20021206002208600.htm
SEVEN HILLS - Puri
This is another eye-catching international standard lavish service apartment coming up in Puri.
It is a 5 star studio aprtment complex with a delux hotel status and prestige with all international modern ameneties very close to sea beach and tourist spost of great holy place puri,orissa.it is all within 1 km like famous lord jagannath temple,lokenath temple,swarga dwar,sea beach etc.here one will get swimming pool,gym,discotheque,suana,jaquazzi,park,jogging track,cafe,restuarant, 3-tier security,reception,shopping plaza of brand companies,all type of guides etc.it is simply the best for any sort long term handy return base investment and as well for tourism point of view.it is idealy developing for international standard peoples interest in mind and the complete project is approved by icici bank and one can buy it by very easy smooth installment besis for three years.don't west time to grab this golden opportunities for investment which is even more lucrative than banking interest also.
It has all international ameneties generaly oner can see in any Delux 5 Star hotel or resort. Very lucrative value offered by easy smooth installments for 3 Years and ICICI bank approved. Very close to sea beach and famous Lord Jagannath Temple within 1 Km each. It is exclussively suitable for lodge system or guest house , personal leasure centre from the city haulings and close to healthy hygenic periphery.
It has all international ameneties generaly oner can see in any Delux 5 Star hotel or resort. Very lucrative value offered by easy smooth installments for 3 Years and ICICI bank approved. Very close to sea beach and famous Lord Jagannath Temple within 1 Km each. It is exclussively suitable for lodge system or guest house , personal leasure centre from the city haulings and close to healthy hygenic periphery.
SEVEN HILLS SANDS IS DESIGENED TO CATER FOR A FIVE STAR LIFE. IT'S ABOUT A LIFE EXPERIENCE AND NOT ABOUT AN APARTMENT FLAT......... A MEGA LIFE STYLE FILLED WITH FUN COMFORT, FITNESS AND A FANTASTIC SOCIAL LIFE WHERE ONE GETS TO MEET THE BEST.
Covered Area = 450 Sft.
TOTAL LAND AREA = 5 Acers.( 300 Units )
Price: Rs. 700,000.00
Covered Area = 450 Sft.
TOTAL LAND AREA = 5 Acers.( 300 Units )
Price: Rs. 700,000.00
Advertisement provided by the project:
For centuries now, the beach at Puri has been the venue of countless pilgrims taking the traditional purification dip for Puri is the abode of Lord Jagannath and considered one of the most important Hindu pilgrimage destinations. However, for decades now, both Indian and foreign beach lovers have made it their special haunt.
The fine white sands of Puri beach and the roar of the breakers rolling in from the Bay of Bengal have fascinated visitors throughout the ages. As it is with all the beaches of Orissa, overcrowding is never a problem and the sight of holiday-makers having entire
stretches of the beach to themselves is not uncommon.
The local fishermen, with their catamarans and wide brimmed cane hats are welcomed by tourists for they not only provide you with a ride on their boats but also act as lifeguards if you wish. And yes, they are also expert masseurs.
You can own a Studio Apartment in Puri with all 5 star facilities just for Rs. 7 Lakhs Only!!(US$15,600/- ONLY)
If you are interested in owning this low investment high return property then you may call on 9831078587 / 033-22803299 OR E-MAIL: advanirajan@gmail.com for the application forms and booking.
You may click on the URL TO SEE THE PROJECT DETAILS
http://i90.photobucket.com/albums/k272/major2major/GOA%20LAND/SEVENHILLSSpecificationRajAdvani.jpg
http://i90.photobucket.com/albums/k272/major2major/GOA%20LAND/SEVENHILLSADRajAdvani.jpg
If you wish to have more details that contact the builders at 09831078587/ +91-33-2280-3299
Or E-mail: advanirajan@gnmail.com
Rajan.advani@gmail.com
The fine white sands of Puri beach and the roar of the breakers rolling in from the Bay of Bengal have fascinated visitors throughout the ages. As it is with all the beaches of Orissa, overcrowding is never a problem and the sight of holiday-makers having entire
stretches of the beach to themselves is not uncommon.
The local fishermen, with their catamarans and wide brimmed cane hats are welcomed by tourists for they not only provide you with a ride on their boats but also act as lifeguards if you wish. And yes, they are also expert masseurs.
You can own a Studio Apartment in Puri with all 5 star facilities just for Rs. 7 Lakhs Only!!(US$15,600/- ONLY)
If you are interested in owning this low investment high return property then you may call on 9831078587 / 033-22803299 OR E-MAIL: advanirajan@gmail.com for the application forms and booking.
You may click on the URL TO SEE THE PROJECT DETAILS
http://i90.photobucket.com/albums/k272/major2major/GOA%20LAND/SEVENHILLSSpecificationRajAdvani.jpg
http://i90.photobucket.com/albums/k272/major2major/GOA%20LAND/SEVENHILLSADRajAdvani.jpg
If you wish to have more details that contact the builders at 09831078587/ +91-33-2280-3299
Or E-mail: advanirajan@gnmail.com
Rajan.advani@gmail.com
Puri - 1000 Sands
One of the international standard posh residential complexes in Puri on the sea beach.NEO CITY - BBSR by Bengal Shrachhi
An exclusive G+17, international lifestyle, on 15 acres of lush greenery and ultra-modern residential architecture, in a most upcoming neighbourhood. Welcome to Neo City. Where nature meets hi-tech amenities, grand scale meets meticulous detailing. And there's every conceivable modern facility to bring you the thrill of 5 star living, while its verdant, unspoilt surroundings - the joy of living.
GENERAL FEATURES
On the Bhubaneswar - cuttack highway NH5
7 Kms from Bhubaneswar Railway Station
15Kms from Bhubaneswar Airport
1.5Kms from Hi-Tech Medical College & Hospital
Delhi Public School coming up 2 Kms away
15 acres project, the biggest in Bhubaneswar
70% open space
Gardens
Jogging Track
Club with Gym & Health club
Intercom
24 hr. security
Elevator
Water filtration plant
Modern fire fighting and detection system
Modern Waste Management system
Ample car parking space
Across the road is a state-of-the-art Recreation and Health Club with Multiplex, Shopping Mall, Community Hall, Banquet Hall etc.
Home loan approval from major banks
Hi-end specification, quality materials
Time bound delivery
2 bedroom and 3 bedroom apartment available
7 Kms from Bhubaneswar Railway Station
15Kms from Bhubaneswar Airport
1.5Kms from Hi-Tech Medical College & Hospital
Delhi Public School coming up 2 Kms away
15 acres project, the biggest in Bhubaneswar
70% open space
Gardens
Jogging Track
Club with Gym & Health club
Intercom
24 hr. security
Elevator
Water filtration plant
Modern fire fighting and detection system
Modern Waste Management system
Ample car parking space
Across the road is a state-of-the-art Recreation and Health Club with Multiplex, Shopping Mall, Community Hall, Banquet Hall etc.
Home loan approval from major banks
Hi-end specification, quality materials
Time bound delivery
2 bedroom and 3 bedroom apartment available
Orissa hopes code jocks will come in droves to DLF Park
DLF is building a 4.2 million sq ft, 54 acre infotech park in Orissa. The first phase of the project, which is worth over Rs lOOO crore, will cover 41akh sq ft and will be completed by 2009.
The park is expected to boost the presence of IT companies in the state, where today Infosys, TCS, Wipro and Satyam have a small presence. Mind Tree Consulting is also readying a development centre.
Speaking on the sidelines of the recent Nasscom summit, A K Panda, head, IT department, Orissa, said, “Big foreign companies are not willing to invest in land and develop the IT infrastructure, they all need readymade space. Hopefully this park will attract the multinationals and help the state emerge as a major IT destination.”
The park is expected to boost the presence of IT companies in the state, where today Infosys, TCS, Wipro and Satyam have a small presence. Mind Tree Consulting is also readying a development centre.
Speaking on the sidelines of the recent Nasscom summit, A K Panda, head, IT department, Orissa, said, “Big foreign companies are not willing to invest in land and develop the IT infrastructure, they all need readymade space. Hopefully this park will attract the multinationals and help the state emerge as a major IT destination.”
Assotech Bullish on Building Townships
Assotech Group is also coming up with a mega-project, an integrated township named ‘The Cosmopolis’ on the NH-5 and located opposite the upcoming AIIMS institute in Bhubaneswar, Orissa. The up-coming township is located in the idyllic surroundings of the heritage sites of Uday and Khandagiri caves that fuses the traditional with the contemporary to provide an elevated living experience right in the heart of this wonderful city.
According to Sanjeev Srivastav, chairman and managing director, Assotech Group, stretching over an area of 10 acres, the integrated township will have exquisitely planned residential-apartments with top-notch facilities. Here stresses and struggles of daily life melt away in the bliss of comfortable living, he says.
The up-coming township will have residential studio-apartments, luxurious 5-bedroom apartments spread over three floors with private lift, terrace-garden and pool-shopping arcade, state-of-the-art health club, full power back up, round-the-clock water supply and in-house water treatment plant, energy efficient building, water-recycling facility, videophone security and a dedicated car parking.
http://www.indianrealtynews.com/real-estate-india/assotech-bullish-on-building-townships.html
According to Sanjeev Srivastav, chairman and managing director, Assotech Group, stretching over an area of 10 acres, the integrated township will have exquisitely planned residential-apartments with top-notch facilities. Here stresses and struggles of daily life melt away in the bliss of comfortable living, he says.
The up-coming township will have residential studio-apartments, luxurious 5-bedroom apartments spread over three floors with private lift, terrace-garden and pool-shopping arcade, state-of-the-art health club, full power back up, round-the-clock water supply and in-house water treatment plant, energy efficient building, water-recycling facility, videophone security and a dedicated car parking.
http://www.indianrealtynews.com/real-estate-india/assotech-bullish-on-building-townships.html
Article in Indian Realty News
Bhubaneswar is another place which is offering a conducive atmosphere to IT sector. IT majors Infosys and Satyam are planning to spread their wings here. Apart from Infocity-I, DLF is coming up with IT Park in Chandaka Industrial Estate. Genpact has also announced its plans to set up BPO SEZ in Mancheswar Industrial Estate. A bio-tech park is also on the anvil.
http://www.indianrealtynews.com/category/real-estate-india/page/3/
http://www.indianrealtynews.com/category/real-estate-india/page/3/
Bhubaneswar Housing Scheme by CGEWHO
Central Govt Employees Welfare Housing Organization (autonomous body of Govt of India) announces Bhubaneswar Housing Scheme.
At the location given below, Bhubaneswar Housing Scheme is being announced by CGEWHO comprising about 250 dwelling units.
LOCATION : Begunia Barehi, adjacent to C.V. Raman College, (BBSR-Chennai NH5), Bhubaneswar, Orissa.
CGEWHO's residential complexes are well planned / executed and laid out with large open areas, greens, community facilities etc. Good quality construction provides value for money.
At the location given below, Bhubaneswar Housing Scheme is being announced by CGEWHO comprising about 250 dwelling units.
LOCATION : Begunia Barehi, adjacent to C.V. Raman College, (BBSR-Chennai NH5), Bhubaneswar, Orissa.
CGEWHO's residential complexes are well planned / executed and laid out with large open areas, greens, community facilities etc. Good quality construction provides value for money.
http://www.cgewho.nic.in/PROJ_ST.htm
BDA plans new city in east Kuakhai
Elaborate sketch already prepared for the new initiative; eight villages included in the plan.
Interim Development Plan under consideration of the government
Idea is to halt erratic development outside the capital city
BHUBANESWAR: Taking a proactive step to check unplanned growth around the capital city, the Bhubaneswar Development Authority (BDA) has submitted an Interim Development Plan (IDP) to the government to develop the area in the east of Kuakhai river for both residential and commercial use.
Dubbing the new initiative as the first fringe area development plan, the BDA has already prepared an elaborate sketch taking geographical area of as many as eight villages along the National Highway 5 on the east side of Kuakhai. The villages that have been included in the `new city' are Nakhara, Banguari, Jhohala, Jaipur, Pahala, Haridaspur, Rudrapur and Naharakanta.
Main objective
"Government is actively considering the IDP submitted by the BDA. The objective of the East Kuakhai New City plan is to infuse planning into the development of the area," Special Secretary in the Housing and Urban Development Department Arun Panda told The Hindu on Thursday.
The government has already signed a Memorandum of Understanding with the Department of Architecture and Regional Planning of IIT, Kharagapur, to prepare a comprehensive development plan (CDP) for the capital region. The area, which spreads over 720 sq km with a total population of 15.8 lakhs, will include Bhubaneswar-Cuttack Urban Complex and a few Class II and Class III towns such as Khurda, Jatani and Choudwar.
"We, however, will not wait till the Kharagpur IIT submits the CDP. We are not sure when they will complete the development plan. Our intention is to put an immediate halt to erratic development just outside the capital city," Mr. Panda said.
The hurdle
The IDP for the New City has identified separate patches for residential, institutional, commercial and recreational areas. The low-lying pockets in the area have also been spotted for proper development, an official said.
The IDP has taken all factors such as projected traffic congestion over the next 20 years and people's travel pattern with a view to reduce fuel consumption in the proposed project area.
Private participation
However, the only hurdle the administration is facing for the New City is lack of adequate government land to execute the development plans.
Participation of the private sector is being contemplated to overcome the problems of land and resources.
http://www.hindu.com/2006/11/24/stories/2006112410660300.htm
Interim Development Plan under consideration of the government
Idea is to halt erratic development outside the capital city
BHUBANESWAR: Taking a proactive step to check unplanned growth around the capital city, the Bhubaneswar Development Authority (BDA) has submitted an Interim Development Plan (IDP) to the government to develop the area in the east of Kuakhai river for both residential and commercial use.
Dubbing the new initiative as the first fringe area development plan, the BDA has already prepared an elaborate sketch taking geographical area of as many as eight villages along the National Highway 5 on the east side of Kuakhai. The villages that have been included in the `new city' are Nakhara, Banguari, Jhohala, Jaipur, Pahala, Haridaspur, Rudrapur and Naharakanta.
Main objective
"Government is actively considering the IDP submitted by the BDA. The objective of the East Kuakhai New City plan is to infuse planning into the development of the area," Special Secretary in the Housing and Urban Development Department Arun Panda told The Hindu on Thursday.
The government has already signed a Memorandum of Understanding with the Department of Architecture and Regional Planning of IIT, Kharagapur, to prepare a comprehensive development plan (CDP) for the capital region. The area, which spreads over 720 sq km with a total population of 15.8 lakhs, will include Bhubaneswar-Cuttack Urban Complex and a few Class II and Class III towns such as Khurda, Jatani and Choudwar.
"We, however, will not wait till the Kharagpur IIT submits the CDP. We are not sure when they will complete the development plan. Our intention is to put an immediate halt to erratic development just outside the capital city," Mr. Panda said.
The hurdle
The IDP for the New City has identified separate patches for residential, institutional, commercial and recreational areas. The low-lying pockets in the area have also been spotted for proper development, an official said.
The IDP has taken all factors such as projected traffic congestion over the next 20 years and people's travel pattern with a view to reduce fuel consumption in the proposed project area.
Private participation
However, the only hurdle the administration is facing for the New City is lack of adequate government land to execute the development plans.
Participation of the private sector is being contemplated to overcome the problems of land and resources.
http://www.hindu.com/2006/11/24/stories/2006112410660300.htm
Prices soar as booming Bhubaneswar runs out of apartments
City lacks development masterplan & supply of new apartment was as low as 200 units per year till recently. Keeping in tune with the sudden surge in real estate prices in Bhubaneswar and its surroundings, real estate giants from the country's metros are now making way into this city.
The realty majors who have made a beeline are the Kolkata-based South City group and the Delhi-based Assotec group. Realty major DLF has already made its entry into the city.
Bhubaneswar's realty sector seems upbeat at the recent developments as they feel with the passage country-famed big realtors like the Rahejas, Ambujas, Surekas, Ansals, Unitech, Hiranandani, Parasnath and Mantri would also be coming into the city in future.
City-based realty majors point out that a demand-supply gap has resulted in the recent surge in prices. Real estate prices have almost trebled from Rs 1000 per square feet to Rs 2800 per square feet on an average in parts of the city. Demand is strong and has led to derisking of the real estate sector, sources said, adding that realty majors would definitely feel comfortable in walking into the city.
The Naveen Patnaik government in the state recently was also planning policy changes to tempt real estate developers. The state would be encouraging them to build high rises of upto 20 storeys multi-storied on the northern part of the city, now that the southern part was almost fully developed and was saturated with no free-holdings and no surplus government land.
A large area encompassing 5000 acres starting from the city heart Kalpana Square to Dhauli has also been identified as the Ekamra Heritage Zone where buildings are not allowed to scale the stipulated 10 metre norm which is at a G+2 level. The city-based real estate sector estimates, Bhubaneswar and its surroundings comprise around 30 square kilometres and is divided into half by the National Highway 5 to the North and South. Till date, only 20 per cent of the entire city has been taken up for real estate purposes, the major being on the South and now with a natural swing towards north. Demand so far exceeds supply in the city that real estate prices have risen even in remotes like Patia, almost 13 to 14 kilometres away from the city hub. Expectations, however, are that the real estate sector in Bhubaneswar would command a business of Rs 1000 crore in the coming days but for the moment has to remain satiated with Rs 200- Rs 300 crore.
The Kolkata-based South City group is scouting for land in different parts of the city as a first step towards creating a land bank for future development. Recently, the group procured 10 acres of land at Raghunathpur almost 3 kilometre from Nandan Kanan for development. Observers and players directly attached to the real estate sector of city have the information that the Kolkata-based group has initially lined up an investment to the tune of Rs 50 crore for future growth. The Delhi-based Assotec group is in collaboration with a city-based realtor for residential flats near Khandagiri-Doomdoma. City-based realtors said the price quoted is around Rs 1700 per square feet in and around that area. The big groups are presently eyeing residential complexes depending on the availability of land as they have already come to know big agricultural lands converted to homesteads for further commercial developments and complexes are not easily to come by.
According to Anup Mohapatra of the city-based Versatile Construction, "Real estate prices would continue to go up and mega groups like the South City would definitely come in because of a lop-sided and uneven growth in this sector. It is only after the coming of the big groups that things are likely to look up in future". Mohapatra, who is also the president of the city's Real Estate Development Association (REDA) and a director in the South City group, blames the planning by the Bhubaneswar Development Authority (BDA) for leading to current problems. "The city lacks infrastructure, a proper disposal and sewerage system and a garbage disposal mechanism. People in most parts of the city still rely on the septic tank concept as there is no waste water disposal mechanism," he said.
Real estate sources point out, of late, the government has changed its approach towards BDA and has decided to shift the majority of building approval powers to Bhubaneswar Municipal Commission (BMC) and specially appointed Building Approval Committee (BAC). A central assistance of Rs 1400 crore was in the pipeline for the development of the city with matching grants from the state. The city's real estate scenario has its history in 1983 when the Orissa Development Authority Act was initiated and in 1990 the real estate and apartment development started in the city. The subsequent formulations of the Planning and Building Standards Regulation had also not been able to cut much ice and it was again amended in 2001 for a smooth development of the real estate sector.
In reality, things changed little then and Bhubaneswar did not see a boom in real estate till now. The city till date does not have a Master Plan. Efforts, however, were taken up almost two years ago with the handing over of making the city's Master Plan christened as the Comprehensive Zonal Development Plan (CDP) to IIT Kharagpur for a urban circuit comprising Chowdwar, Cuttack, Bhubaneswar and Khurdah. The institute is yet to submit a preliminary model. Mohapatra says, "We have lost all hope as it now seems that IIT Kharagpur will not be able to work out the Master CDP for the city and identify spots for development". To make up for the lost time, Interim Development Plans (IDPs) are being worked out by IIT experts in consultation with the government at East Koakhai and Nandankanan.
Real estate sector sources said Bhubaneswar had a paltry supply of only 200 new flats a year against annual demand of 1000 flats. The city's big real estate players comprise Z Engineers, Jagannath Builders, Versatile, Kalinga, Utkal Builders and Arya Palli.
http://www.business-standard.com/common/storypage_c.php?leftnm=10&autono=277466
Bhubaneswar March 13, 2007
The realty majors who have made a beeline are the Kolkata-based South City group and the Delhi-based Assotec group. Realty major DLF has already made its entry into the city.
Bhubaneswar's realty sector seems upbeat at the recent developments as they feel with the passage country-famed big realtors like the Rahejas, Ambujas, Surekas, Ansals, Unitech, Hiranandani, Parasnath and Mantri would also be coming into the city in future.
City-based realty majors point out that a demand-supply gap has resulted in the recent surge in prices. Real estate prices have almost trebled from Rs 1000 per square feet to Rs 2800 per square feet on an average in parts of the city. Demand is strong and has led to derisking of the real estate sector, sources said, adding that realty majors would definitely feel comfortable in walking into the city.
The Naveen Patnaik government in the state recently was also planning policy changes to tempt real estate developers. The state would be encouraging them to build high rises of upto 20 storeys multi-storied on the northern part of the city, now that the southern part was almost fully developed and was saturated with no free-holdings and no surplus government land.
A large area encompassing 5000 acres starting from the city heart Kalpana Square to Dhauli has also been identified as the Ekamra Heritage Zone where buildings are not allowed to scale the stipulated 10 metre norm which is at a G+2 level. The city-based real estate sector estimates, Bhubaneswar and its surroundings comprise around 30 square kilometres and is divided into half by the National Highway 5 to the North and South. Till date, only 20 per cent of the entire city has been taken up for real estate purposes, the major being on the South and now with a natural swing towards north. Demand so far exceeds supply in the city that real estate prices have risen even in remotes like Patia, almost 13 to 14 kilometres away from the city hub. Expectations, however, are that the real estate sector in Bhubaneswar would command a business of Rs 1000 crore in the coming days but for the moment has to remain satiated with Rs 200- Rs 300 crore.
The Kolkata-based South City group is scouting for land in different parts of the city as a first step towards creating a land bank for future development. Recently, the group procured 10 acres of land at Raghunathpur almost 3 kilometre from Nandan Kanan for development. Observers and players directly attached to the real estate sector of city have the information that the Kolkata-based group has initially lined up an investment to the tune of Rs 50 crore for future growth. The Delhi-based Assotec group is in collaboration with a city-based realtor for residential flats near Khandagiri-Doomdoma. City-based realtors said the price quoted is around Rs 1700 per square feet in and around that area. The big groups are presently eyeing residential complexes depending on the availability of land as they have already come to know big agricultural lands converted to homesteads for further commercial developments and complexes are not easily to come by.
According to Anup Mohapatra of the city-based Versatile Construction, "Real estate prices would continue to go up and mega groups like the South City would definitely come in because of a lop-sided and uneven growth in this sector. It is only after the coming of the big groups that things are likely to look up in future". Mohapatra, who is also the president of the city's Real Estate Development Association (REDA) and a director in the South City group, blames the planning by the Bhubaneswar Development Authority (BDA) for leading to current problems. "The city lacks infrastructure, a proper disposal and sewerage system and a garbage disposal mechanism. People in most parts of the city still rely on the septic tank concept as there is no waste water disposal mechanism," he said.
Real estate sources point out, of late, the government has changed its approach towards BDA and has decided to shift the majority of building approval powers to Bhubaneswar Municipal Commission (BMC) and specially appointed Building Approval Committee (BAC). A central assistance of Rs 1400 crore was in the pipeline for the development of the city with matching grants from the state. The city's real estate scenario has its history in 1983 when the Orissa Development Authority Act was initiated and in 1990 the real estate and apartment development started in the city. The subsequent formulations of the Planning and Building Standards Regulation had also not been able to cut much ice and it was again amended in 2001 for a smooth development of the real estate sector.
In reality, things changed little then and Bhubaneswar did not see a boom in real estate till now. The city till date does not have a Master Plan. Efforts, however, were taken up almost two years ago with the handing over of making the city's Master Plan christened as the Comprehensive Zonal Development Plan (CDP) to IIT Kharagpur for a urban circuit comprising Chowdwar, Cuttack, Bhubaneswar and Khurdah. The institute is yet to submit a preliminary model. Mohapatra says, "We have lost all hope as it now seems that IIT Kharagpur will not be able to work out the Master CDP for the city and identify spots for development". To make up for the lost time, Interim Development Plans (IDPs) are being worked out by IIT experts in consultation with the government at East Koakhai and Nandankanan.
Real estate sector sources said Bhubaneswar had a paltry supply of only 200 new flats a year against annual demand of 1000 flats. The city's big real estate players comprise Z Engineers, Jagannath Builders, Versatile, Kalinga, Utkal Builders and Arya Palli.
http://www.business-standard.com/common/storypage_c.php?leftnm=10&autono=277466
Bhubaneswar March 13, 2007
Welcome to Real Estate Orissa Blog
Dear All,
I have decided to start this blog to provide a single window to present real estate scenario in Orissa. I will start concentrating on Bhubaneswar and Puri, later on adding more cities if encouraged by readers' response.
This site does not claim to provide 100% original information. Most of the information will be compiled from various sources and it would provide the origin of the information in form of a link to that original article.
This is aimed at helping those people who are genuinely interested in knowing about the real estate development in commercial and residential properties.
We will also concentrate on upcoming areas for investing in flats, land and standalone simplex and duplexes. We will also provide information regarding farm houses, all complete with links to ooriginal source of information. Of course, we will add our own comments and would invite readers' views too in form of comments. If any reader wants some information to be included here which he/she thinks can add to the wealth of infotrmation in this site, he/she can mail me the relevant information at ssamantray@gmail.com.
I have decided to start this blog to provide a single window to present real estate scenario in Orissa. I will start concentrating on Bhubaneswar and Puri, later on adding more cities if encouraged by readers' response.
This site does not claim to provide 100% original information. Most of the information will be compiled from various sources and it would provide the origin of the information in form of a link to that original article.
This is aimed at helping those people who are genuinely interested in knowing about the real estate development in commercial and residential properties.
We will also concentrate on upcoming areas for investing in flats, land and standalone simplex and duplexes. We will also provide information regarding farm houses, all complete with links to ooriginal source of information. Of course, we will add our own comments and would invite readers' views too in form of comments. If any reader wants some information to be included here which he/she thinks can add to the wealth of infotrmation in this site, he/she can mail me the relevant information at ssamantray@gmail.com.
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