Overview of CDA Area, Cuttack

Location and Development

CDA Area, Cuttack, is a well-developed locality maintained by the Cuttack Development Authority (CDA). This area is celebrated for its organized infrastructure and amenities, making it a popular spot for both buyers and renters.

Property Rates

• Properties in CDA Area start at Rs. 370 per sqft, with an average of Rs. 6,619 per sqft.
• Specifics:
  • Residential land/plots are around ₹ 13.5 lakhs.
  • A 4 BHK flat typically costs around ₹ 1.7 crores.

Types of Properties Available

• Residential Properties:
  • Independent houses
  • Villas
  • Apartments, including 4 BHK flats.
• Commercial Properties:
  • Office spaces (like an 850 sqft office in CDA Sector VI for Rs. 48 lakhs).
  • Shops and commercial premises for long-term lease or rental.

Market Trends

• There’s a substantial 39.74% drop in property rates for the past year. This might be an opportune moment to buy or invest.
• The market trend points out that dealing with properties in CDA Area can be profitable.

Amenities and Infrastructure

• Various amenities and facilities are found here, with well-paved roads and other infrastructure.
• Office complexes and commercial shops are present in places like Arunodaya Bhawan, Link Road, and Bidanasi Project area.

Allotment and Ownership

• Commercial premises are given through public auctions, to the highest bidders.
• Allottees have the option to apply for loans from banks after receiving necessary permissions from CDA.
• Freehold allotments involve the execution of a conveyance deed, and allottees must pay registration fees at current rates.

PropertyWala's Conclusion

Given the current market trends, robust infrastructure, and amenities available, CDA Area in Cuttack looks like a promising spot for both buyers and renters. Despite the recent decline in property prices, its well-planned development and diversity in properties make it an appealing choice. Nonetheless, potential buyers need to thoroughly evaluate the market conditions and consider specific ownership needs and regulations in the area. With the right timing and choice, investing in CDA Area could prove highly beneficial.