If you want to invest in land and make a big profit in a few years, then investing in Real Estate in Bhubaneswar is the path open to you!
The Real Estate in Bhubaneswar scene has seen considerable rise in demand. This is due to the expanding city population and the rising disposable incomes of Bhubaneswar's denizens. The price of land has been northward for the last few years. In some areas of the city, the price of Real Estate in Bhubaneswar has risen by a staggering 300 per cent! The price of an average apartment has risen by 100 per cent in the last 5 years.
The boom in Real Estate in Bhubaneswar is due to the increased investments coming into Orissa state. Bhubaneswar being the capital of Orissa captures the king's share of the investments. The other reason of the boom in the Real Estate in Bhubaneswar is the entry of the high paying Information Technology (IT) companies in Bhubaneswar. Many big Information Technology companies like TCS, Infosys and Wipro have set up development centers in the city.
An acute shortage exists in the residential segment of the Real Estate in Bhubaneswar There is a demand for high-end residential homes- this trend is more pronounced near the areas where Information Technology companies are situated; for example places like Chandrasekharpur.
The retail segment of the Real Estate in Bhubaneswar is also growing in a phenomenal pace- a number of large format malls have already come up in Bhubaneswar. The prime areas of Real Estate in Bhubaneswar include Chandrasekharpur in the north, Khurda, Jatni and Choudwar towards the south and along the Cuttack to Bhubaneswar road (NH-5).
Last Updated on 27 July 2012
