Overview of NH-5, Cuttack

NH-5, Cuttack, stands out as a fantastic location for investing in real estate and living due to numerous advantages and chances available.

Connectivity and Infrastructure

• The NH-5 corridor, which is part of the Golden Quadrilateral, links Cuttack to significant cities like Bhubaneswar and Kolkata and to districts with strong economies. Upgraded to a 4-lane highway, this route boosts transport capacity and eases traffic congestion.
• The neighborhood is linked to major spots in both Bhubaneswar and Cuttack, boasting flyovers, making it appealing to both commuters and enterprises.

Commercial Significance

• NH-5, Cuttack, is next to Odisha’s commercial hub, becoming a hub for industrial and commercial activities. The area hosts many major industries in metals, automobiles, and alloys, driving the state’s GDP.
• Businesses and industry generate strong demand for office buildings, warehouses, and retail spaces.

Property Rates and Trends

• Property in Cuttack District, including NH-5, begins at around ₹4,223 per sq ft but averages ₹5,257 per sq ft, with the highest reaching up to ₹19,230 per sq ft.
• Prices are stable now, making it a great phase to buy or sell.

Real Estate Projects

• There are numerous ongoing and new real estate projects nearby, such as "Grand Bazaar" from Grand Bazaar Developers LLP. This project includes business hubs and commercial spaces with units ranging from 1 BHK to 3 BHK, sizes between 702 sq ft to 909 sq ft.

Amenities and Lifestyle

• The zone has good links to hospitals (for example, ESI Hospital), railway stations (like Kapilas Road Junction), and other useful services.
• This region is a vibrant city with deep cultural roots, leading to a diverse and lively life.

Registration and Stamp Duty Charges

• Potential investors should consider the registration and stamp duty fees. For instance, property sale deeds carry a stamp duty of 5% of the final price. If leasing above 5 years, the stamp duty is again 5% of the final price.

PropertyWala’s Final Thoughts

NH-5, Cuttack, offers a promising prospect for real estate investment and residence because of its excellent connectivity, commercial importance, and steady property prices. Its infrastructure, along with the active real estate projects and amenities, makes it a desirable area for investors and buyers alike. Given the Odisha Government's strong focus on real estate growth, this location is likely to see ongoing development and progress.