Bhubaneswar known as the temple city of India was primarily, being the capital of Odisha, an administrative city and also a tourism city. But with the growing numbers of IT companies and Educational Institutions Bhubaneswar has emerged as a fast-growing, important trading and commercial hub in the state and the eastern India. Bhubaneswar ranked in top of the list in terms highest rate of employment generation among 17 Tier-II cities in India. It companies like Infosys and Satyam Mahindra have been present since 1996, Other software companies include TCS, Mindspace, IBM, Genpact, Firstsource, Mindfire Solutions, Wipro, IBM, Genpact, Firstsource, Mindtree, MphasiS, there are about 300 small and mid-sized IT companies and business start ups have set up their offices in the city.
In recent years Bhubaneswar experienced huge infrastructural developments through both government and private participation. The new flyovers, wide roads with sculptures, plantations and landscapes, city ride buses, new domestic terminal and commissionerate police has ease the traffic hassles for peoples and with proposal of Mono Rail, new fleet of AC city buses , foot over bridge, International Airport, Second Railway Station the city travel and communication will be of a class.
Medical facility in the city has developed to the national level with opening with Appolo Hospital and proposed AIIMS along with Kaling Hospital, KIMS, SOM Hospital, Hitech Hospital spread across the geography. The new Government initiative of 108 Ambulance has extended a great helping hand for the patients in the city as well as other cities in the State.
With highest number of technical education institutions in the City and State Odisha enjoys its legacy in higher education sector. Along with numbers of private MBA and Engineering colleges Premier institutions like AIIMS, XIMB, OUAT, Institute of Mathematics, Institute of Physics, Utkal University and many more provides education opportunity to aspirants in different streams. For kids and primary education national level schools like DAV, DPS, Sai International, Xavier Schools, Loyla gives ample of scope to get a standard education in the city.
Life style and entertainment has improved significantly in the city with opening of new malls and markets in the cities. Initiative like Prayas and Vending Zone has not only smoothen the buying experience of daily necessity for the citizen but also added beauty to the city. Simultaneously raising numbers of organized market like Pal Heights, Pentaloon, BMC Bhabani Mall, and Branded show room like All That Jazz has created shopping space for the modern society and brand loving peoples. Opening of INOX in BMC Bhabani Mall, proposal of PVR coming in Unitech,s Bhubaneswar One Mall and modernization of other movie theaters has enriched the entertainment zone of Bhubaneswar. Still many big Malls and commercial space coming up like by Trident Properties near Rasulgarh , by DN Homes near Khandagiri, by Royal lagoon at Raghunathpur and many more in the pipeline. The water park near Nakhara is a best place for holiday spends within the city.
With the rapid developments the city enjoys a huge growth potential and expanding geographically in all direction. The real estate market is under a great boom, residential and commercial developments have been on the link road to nearby cities like Cuttack, Khurda, Puri. The average land price has grown to Rs.200-500/Sqft in the out skirt and from Rs.500-5000/Sqft in the centre and hot locations. The average price for residential apartment is in the range of Rs.1500-2500/Sqft in the out skirt and Rs.2500-5500/Sqft in side the city and in big projects. The average price for a ready to move property in Bhubaneswar I between Rs.3000-6000/Sqft .
With 360 degree development Bhubaneswar is the most happening city in Odisha as well as eastern part of the country where peoples are dreaming to have their trades and dream home. Company like ready4move.in enjoys its exclusivity in dealings with ready house properties and servicing clients with transparency, integrity and professionalism.
I am a Certified Financial Planner and want to share the basic ideas about the real estate investment.I am vey passoinate about Comprehensive financial planning and a managing portfolio.Believes in roof under head/house should be for all.Currently I am based out of Bhubaneswar, Odisha, India. With my little endeavor i am hopeful that reader of my blogs will join with me in supporting my cause.The views expressed in the blog are mostly personal in nature.You need to consult with your Financial Planner before taking any investing in any real estate .Take your own time with throrough research about the project.You can contact me at firstname.lastname@example.org