Latest Realty News

Detailed project proposal to develop Capital Hospital into PGI
Jun 13, 2013
BHUBANESWAR: The State Government on Tuesday asked the Health and Family Welfare Department to prepare a detailed project proposal for developing the Capital Hospital into a Post Graduate Institute (PGI) on the model of PGI Chandigarh.
Probe chit fund companies, Ollywood link: NCP
Jun 12, 2013
BHUBANESWAR: While there is a growing public demand for fair probe into the alleged nexus between some politicians and controversial chit fund companies, the NCP on Tuesday urged the city police to unearth the possible links of cinestars with these companies.
Police plan AT trio, media chiefs face-off
Jun 08, 2013
BHUBANESWAR: Controversial AT Group chief Pradip Sethy and two directors Srikrishna Padhi and Manoj Pattnaik were on Friday taken on five-day police remand for further questioning in the alleged embezzlement of public deposits worth nearly Rs 500 crore.
Realtor funded Odia films
Jun 07, 2013
BHUBANESWAR: Builder Narayan Chandra Nayak, arrested by the Crime Branch on Wednesday in connection with fraudulent land deals to the tune of Rs 50 crore, was taken on two-day remand by police.
Rs 1.2-cr cars seized from city builder
Jun 07, 2013
BHUBANESWAR: Like chit fund bosses AT Group CMD Pradip Sethi and Seashore Group CMD Prashant Das, the real estate developers Umamani Home Creations (UHC) managing director Narayan Chandra Nayak also maintained a lavish lifestyle by duping investors, who paid money to him to get promised plots of land in the capital city.
Builder held for Rs 50 crore housing scheme fraud
Jun 06, 2013
BHUBANESWAR: The Crime Branch (CB) on Wednesday arrested a builder for allegedly raising around Rs 50 crore by floating dubious housing schemes. Managing director of Umamani Home Creations Narayan Chandra Nayak had promised inventors lands, on the outskirts of the city, but reneged on the deal.
Odisha Cricket Association to return AT Group's money
Jun 06, 2013
BHUBANESWAR: Odisha Cricket Association (OCA), in trouble for receiving Rs one crore from the dodgy AT Group for some cricket matches, on Wednesday said it is willing to deposit the money with the state government to benefit small-time investors.
AT fraud: Media heads plead innocence
Jun 05, 2013
BHUBANESWAR: Some media entrepreneurs and builders, who on Tuesday were interrogated for their alleged links with the Artha Tatwa (AT) Group, washed their hands off the fraud and pleaded innocence.
Curious crowds throng thana
Jun 05, 2013
BHUBANESWAR: The much-hyped fraud by AT Group has stirred public curiosity as it was evident during the interrogation of some influential builders, businessmen and media entrepreneurs, having alleged nexus with the company, at Kharvela Nagar police station here on Tuesday.
AT agents to come under lens
Jun 04, 2013
BHUBANESWAR: After AT Group's top bosses, police have now decided to turn the heat on agents, who lured gullible investors and collected huge amounts. Police sources said AT Group agents were getting the highest commission, nearly 40%, compared to other money circulation companies in Odisha.
AT Group chief Sethi beaten at his own game
Jun 01, 2013
AT Group CMDPradip Sethi, who allegedly cheated thousands of investors, was taken for a ride by land sharks, who made him buy land at inflated prices. Sethi, who had planned to return investors' heavy interests by selling it at higher rates, failed to dispose it after realizing the real price of the property, police said.
CBI nets two in gold loan fraud
May 25, 2013
BHUBANESWAR: The Central Bureau of Investigation (CBI) here on Friday arrested suspended manager of Odisha Gramya Bank's Dumduma branch Kalindi Charan Nayak and builder Ratikanta Kanungo in connection with the Rs 13.22 crore fake gold loan fraud.
Credai expo may clinch deals worth Rs 200 cr
Jan 22, 2013
Bhubaneswar: The three day property expo by the Confederation of Real Estate Developers Association of India ( Credai) -Odisha chapter might generate property deals worth Rs 200 crores.
Real estate citadel crumbles under fraud weight
Jan 08, 2013
BHUBANESWAR: After the arrest of businessman Tirupati Panigrahi and two of his associates for the alleged real estate fraud, realtors are worried that frequent incidents of cheating by a section of players are pushing the housing market into uncertainty.
Capital City piggybacks on real estate boom
Dec 31, 2012
Bhubaneswar:Real estate sector in the Capital City is a buyer’s market today. This year, the sector is providing over 4,000 housing units whereas the demand is roughly for 2,000 to 3,000 units.
Tirupati Panigrahi held in Bhubaneswar for land ‘fraud’
Dec 26, 2012
BHUBANESWAR: The Crime Branch of Odisha police on Tuesday arrested noted businessman and vice-president of Odisha Cricket Association Tirupati Panigrahi and two of his relatives here for allegedly reneging on the promise of providing residential plots to two men after taking money from them in 2009.
Rent slump in times of real estate boom - Bhubaneswar
Oct 05, 2012
Bhubaneswar, Oct. 4: House owners in the capital are renting the air for tenants, but there aren’t many takers . The number of people seeking houses on rent has dropped because of continuing real-estate boom in several parts of the capital. The rent landlords used to get from tenants has also dipped in areas such as Patia, Sundarpada, Gothapatna, downtown Patrapada, Ainginia, Pahala, Uttara
Real time problems dog realty work
Sep 25, 2012
BHUBANESWAR: Plans for new housing projects in more than 550 villages are stuck since the past six months because of uncertainty over the competent authority to accord approval. The Bhubaneswar Development Authority (BDA) has stopped entertaining applications seeking approval to build houses in these areas following Orissa High Court's March 27 order restricting the agency's jurisdiction only to

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