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.