Latest Realty News

Credai injecting a booster shot to plantation drive
Jul 04, 2013
BHUBANESWAR: CONFEDERATION of Real Estate Developers' Association of India (CREDAI), State chapter in association with Bhubaneswar Municipal Corporation (BMC) today started a plantation drive called, 'Green makes the difference', on the occasion of 'Bana Mahotsav.
Budget sees mixed reaction from industry and business groups in Orissa
Mar 01, 2013
Bhubaneswar, Feb 28: Several industry and business organisations in the State Thursday showed mixed reaction to the Annual Budget 2013-14 presented by Finance Minister P Chidambaram, Thursday. While measures in the sectors of agriculture, rural development, education, health care and women empowerment were highly commended, little offerings to small and medium scale enterprises (SMSE) and failure of Government in controlling deficit financing were criticised.
Developers agree to differ on realty regulation bill
Jan 23, 2013
BHUBANESWAR: Real estate developers in Odisha expressed diverse opinions about the bill to regulate realty, likely to come up during the forthcoming Parliament session. While all sections agree there should be a Real Estate Regulatory Authority (RERA) as proposed, they differ on various clauses and liability provisions in the bill.
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.
Civic chief backs single window system
Jan 22, 2013
Bhubaneswar: Municipal Commissioner Sanjib Mishra welcomed the single window proposal for clearance of approvals required for constructing a building at the technical session organised by the Confederation of Real Estate Developers Association of India (Credai), Odisha chapter.
‘Affordable housing for middle class soon’
Jan 20, 2013
Bhubaneswar: Minister for Revenue and Disaster Management Surya Narayan Patro Saturday said that the State Government is drafting an Act which will provide affordable housing to the middle class population of the State.
Credai Odisha is going to organize a Property Expo from 19th Jan 2013
Jan 12, 2013
Bhubaneswar: January 12, 2013: The Confederation of Real Estate Developers Association Of India [CREDAI], Odisha Chapter is going to organize a property show from 19th Jan to 21st Jan 2013 at Hotel Swosti Premium, Jaydev Vihar, Bhubaneswar.
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.
Road to investment revolution
Oct 28, 2012
BHUBANESWAR: The city's fast expanding real estate, education and IT sectors are often cited as shining examples of Bhubaneswar emerging as a preferred investment destination.
City realtors bank on Puja push to sales
Oct 16, 2012
BHUBANESWAR: City realtors are banking on the festive season from Mahalaya on Monday till Diwali on November 13 to maximize sales in an otherwise sluggish real estate market. Market insiders said competition in the housing trade has become cutthroat with supply exceeding demands. "An estimated 1 lakh housing units worth Rs 15,000 crore are on the pipeline in and around the city. These houses w
The rise of B-town Odisha
Oct 09, 2012
BHUBANESWAR: Construction of multi-storied residential apartments has gained pace in small towns, which boasted only of standalone houses built by individual owners till recently. Contrary to real estate development centered around the Cuttack-Puri-Bhubaneswar triangle alone earlier, several residential projects are coming up in Angul, Jharsuguda, Sambalpur, Bargarh, Balasore, Bhadrak, and Ber
Pay-up push for realtors, Bhubaneswar Real Estate,
Oct 03, 2012
Bhubaneswar, Oct. 2: The Bhubaneswar Municipal Corporation has decided to raise awareness to make real-estate developers contribute towards local area development by paying no-objection certificate fees. For the past one-and-half years, the civic body has collected 2 per cent of the project cost for local development — developing drains, roads and sewerage. Sources said around Rs 10 crore has
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
Rental rehabilitation for slum dwellers,
Sep 11, 2012
BHUBANESWAR: In a bid to check the mushrooming growth of slums in the state, the BJD government is planning to create rental housing blocks at an affordable monthly rent of up to Rs 2,000 for the poor. The recently announced Scheme for Affordable Urban Housing in Odisha-2012 has enunciated that the government shall provide land to the urban local bodies (ULBs) for creation of such housing bloc
Credai Odisha initiate awareness program amongst construction workers to avail due benefits .
Aug 16, 2012
Credai has started initiative of creating awareness amongst construction workers to get registered with Labour department to avail various benefits from government schemes .As per the provision labour cess collected@1% from all constructions works under going in the State and deposited in the Orissa Building and other Construction Workers Welfare Fund. This fund should Utilize in extending di

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