Latest Realty News

Infosys to operationalise 2nd city campus by June
May 09, 2014
BHUBANESWAR: Infosys India's second largest IT services company, will operationalize its second campus in Odisha by June end, this year, at the upcoming Info Valley complex, on the outskirt of Bhubaneswar, where the IT major is the anchor tenant.
Builders in Odisha pin hopes on election results to revive sluggish market
May 02, 2014
BHUBANESWAR: Real estate developers are a worried lot as they grapple with the problem of unsold housing stocks piling up. They hope the situation would improve after election results if stable governments come to power at the Centre and in the state.
Encroached IDCO Land Vacated
May 02, 2014
BHUBANESWAR: A huge patch of land belonging to the Odisha Industrial Infrastructure Development Corporation (Idco), which was encroached by unauthorised occupants, was freed by the Commissionerate Police on Sunday.
Realtors defer launching of new projects for polls
Apr 07, 2014
BHUBANESWAR: The realtors in the city have deferred launching of new projects as the consumers are pulsated with impending polls in the state and are awaiting the formation of a new government.
Panel formed for early completion of Info valley project
Mar 29, 2014
BHUBANESWAR: In a bid to expedite the completion of Info-valley project, the state IT (information technology) department has constituted a nine member inter- departmental high powered project monitoring committee.
Patra elected as Credai Odisha head
Mar 11, 2014
BHUBANESWAR: Dilip Kumar Patra, MD of Narayan Agencies and Estates Pvt Ltd, was on Saturday elected as the president of Credai Odisha for a two-year term for 2014-16.
Bhubaneswar Development Authority (BDA) bulldozes guesthouse
Mar 08, 2014
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) on Monday began demolishing an 'unauthorized' four-storey guesthouse near Jayadev Vihar here. The structure came up in 2011 in alleged violation of building norms.
Realtors irked over financial body status
Feb 18, 2014
BHUBANESWAR: Registration of houses, as required after sale, has come to a grinding halt in the state following a recent government order putting realtors in the bracket of financial establishments.
Software to deal with encroachments soon
Feb 11, 2014
BHUBANESWAR: Worried over land mafia and influential people grabbing vast stretches of government land in prime locations in the city, the state government has woken up to assess the exact volume of land encroached and take steps to free the properties.
Rent in Bhubaneswar nosedives as demand hits low
Feb 05, 2014
BHUBANESWAR: The rental market in the city has hit a downward spiral. Houses in several localities in the state capital are now available at rents lower compared to that in even district towns.
Odiasha govt move to inflate housing cost by 2%
Jan 22, 2014
BHUBANESWAR: A latest government move is all set to inflate housing costs in the state by at least two per cent. The state government has recently revised the benchmark price of flats, raising it by a steep 32 per cent.
BDA brings down landmark restaurant at Jayadev Vihar
Jan 21, 2014
BHUBANESWAR: Somu's Cave, a bar-cum-restaurant, and a prime landmark at Jayadev Vihar in the city has been razed by a bulldozer of Bhubaneswar Development Authority (BDA) for allegedly violating building code norms.
Govt attaches properties of 'cheat' fund company
Jan 21, 2014
BHUBANESWAR: The state government has ordered attachment of properties of Flourish Development India, which is accused of misappropriating nearly Rs 100 crore of over 5,000 investors in the state.
Credai new president, general secy chose
Jan 17, 2014
Bhubaneswar: The State Chapter of the Confederation of Real Estate Developers’ Association of India (Credai) selected Umesh Pattnaik as its new president and Devkant Patnaik as the new general secretary with immediate effect at its managing committee meeting here. Both of them will work till March 31, 2015.
Odisha to hunt evaders of works contract tax in realty sector
Jan 13, 2014
BHUBANESWAR: The Commercial tax wing of the state government has ordered its officers to identify real estate developers, who do not deduct works contract tax (WCT) from contractor's fee, as part of its drive to boost revenue collections.
States to Follow Odisha Disaster Management Model
Jan 13, 2014
BHUBANESWAR: The National Disaster Management Authority (NDMA) has sought a detailed report from the State Government on institutional response to cyclone Phailin and the post cyclone restoration measures.
Rs 150 Crore Land Scam Busted, Three Arrested
Jan 10, 2014
BHUBANESWAR: The Economic Offences Wing (EOW) on Friday busted a `150 crore land scam and arrested three persons, including a land broker, for attempting to sell government properties. The land, measuring about 51.5 acre, is located in four mouzas __ Pandara, Gadakana, Mancheswar and Rokat __ abutting the Capital.
BDA axe on upmarket shop
Dec 22, 2013
BHUBANESWAR: The Bhubaneswar Development Authority (BDA) on Saturday began demolishing one of the most popular addresses for the fashion-conscious in the capital city as the structure violated building norms.
Locals protest eviction from 'Jagannath land'
Dec 21, 2013
BHUBANESWAR: A large number of people on Friday staged a demonstration at Jatni, about 20km from here, protesting against the state government's move to settle their land in favour of Puri's Jagannath Temple.
Odisha plans 30,000 pucca houses along coastline: Minister
Dec 13, 2013
BHUBANESWAR: Prone to natural calamities like cyclone, flood and tsunami, Odisha government plans to construct about 30,000 pucca houses along state's coastline, besides setting up 162 cyclone and flood shelters in the coastal region.
CREDAI Proposes to Build 5,000 Housing Units
Dec 10, 2013
BHUBANESWAR: The Confederation of Real Estate Developers’ Association of India (CREDAI), Odisha chapter has proposed to build about 5000 affordable housing units in the city.
Reforms in real estate sector to boost FDI, says Credai
Dec 07, 2013
BHUBANESWAR: Reforms in the real estate industry, such as bringing in more transparency and setting up of regulatory body, would boost foreign direct investment (FDI) in the sector by at least 20 times, said Confederation of Real Estate Developers' Association of India (Credai).
CB for Saradha asset liquidation too
Nov 19, 2013
BHUBANESWAR: The Economic Offences Wing (EOW) of the State Crime Branch on Monday proposed to the State Government for liquidation of the Saradha Group’s properties in order to refund duped investors’ money as per the provisions of the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011.
Seashore money invested in Govt projects: BJP
Nov 16, 2013
BHUBANESWAR: The deposited money with the Seashore Group by the investors has been used in many public projects by the Government illegally against the interest of the depositors. In a joint venture with the Government, the money was invested in the OTDC and health projects of the State. Besides, a major portion has been spent in the beautification of river bank of Cuttack, alleged State BJP spokesperson Sameer Mohanty in a Press release here, asking if the money could be returned to the investo
CB proposes Govt for Seashore assets liquidation
Nov 12, 2013
BHUBANESWAR: The Economic Offences Wing (EOW) of the State Crime Branch on Monday proposed to the State Government for liquidation of the Seashore Group’s properties in order to refund duped investors’ money according to the Odisha Protection of Interests of Depositors (in Financial Establishments) Act, 2011.

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