BHUBANESWAR: Cushman and Wakefield, a leading global real estate services firm, and Global Initiative for Restructuring Environment and Management (Girem), an industry body focussing on urbanisation, have identified Bhubaneswar as one of the 'top 10' emerging cities in India, said a state government release on Friday.
According to the government release, the study took into consideration factors such as demographics, physical, social and real estate infrastructure, current level and scope of economic activities and government support and initiatives in determining the growth potential of the cities.
The report highlights availability of quality talent pool across disciplines and specialisations in Bhubaneswar, availability of low electricity costs in the country and significant presence of IT/TeS sector as well as primary sector activities such as agriculture, mining and metal production as the key economic drivers of the state capital. It further dwells on the potential of the twin city Bhubaneswar and Cuttack, which is developing into a 720 sq km integrated urban conglomeration, including Khurda, Jatni and Choudwar.
A senior housing and urban development department officer said the state government proposes to develop world-class urban infrastructure facilities including bus rapid transport system (BRTS), round the clock water supply, integrated sewerage to meet the growing demands of greater Bhubaneswar city in the next 20 years.