Smart-city corridors, airport upgrades, and rising NRI interest pushed Bhubaneswar’s residential market higher in Q3 2025, with strong mid-income sales.
Festive demand, GST relief, and clearer ORERA rules boosted Bhubaneswar housing sentiment in 2025, even as certificate gaps slowed some registrations.
Bhubaneswar's real estate market soared in Q3 2025 with 1,200 unit sales, up 20% YoY. Premium segment jumped to 10-13% share thanks to GST drop from 12% to 8% on under-construction units, boosting buyer confidence. Over 80% deals in ₹30-60 lakh range near smart-city areas and airport. NRIs drive demand for ready-to-move gated communities amid 9-10 month inventory.
Odisha's government, led by Minister Krushna Chandra Mahapatra, announces a strategic pivot from land allocation to developing affordable LIG and MIG houses via PPP on 12.90 acres in Suango. Slum dwellers gain bank loans for homes priced Rs 15-50 lakh, tackling soaring Bhubaneswar real estate costs and urban housing shortages effectively.
Bhubaneswar Development Authority (BDA) has unveiled Ekamra Residency, a premium affordable housing project in Subudhipur spanning 7.36 acres. Featuring three G+12 towers with 416 2BHK and 288 3BHK units, it offers modern amenities like a rooftop pool, fitness center, and ample parking. Construction is complete, targeting middle and lower-middle income families amid rising housing demand in...
On November 5, 2025, Odisha Real Estate Appellate Tribunal dismissed a developer's appeal, declaring unilateral flat cancellation arbitrary and illegal. It upheld a buyer's right to possession in a Bhubaneswar project after Rs 60 lakh payments, enforcing RERA protections and setting a key precedent for homebuyers statewide.
Bhubaneswar leads India's regional real estate surge with a 23.2% YoY property value rise, ranking with Gurugram at 30%, Greater Noida 23%, and Noida 22.2%. Driven by infrastructure, IT growth, and end-user demand, the city offers stable returns and affordable housing in smart corridors, attracting investors seeking long-term gains beyond metros.
Odisha government launches 'Greater Bhubaneswar, Better Bhubaneswar' initiative with ₹14-50 lakh homes for EWS and MIG families through PPP model, easing sky-high property costs in state capital.
The Orissa government is set to build 5,000 affordable homes in Bhubaneswar, in collaboration with private developers, targeting low-income groups.