Latest Realty News

Stamp duty hike move irks realtors
Nov 12, 2013
BHUBANESWAR: The state government's decision to amend the Indian Stamp Act has drawn flak from real estate developers and builders, who say it would lead to 'double taxation'.
Builders rely on low cost houses to revive market
Nov 09, 2013
BHUBANESWAR: Real estate developers in the city are targeting affordable housing to revive the sluggish real estate market.
Property Exhibition opens
Nov 09, 2013
BHUBANESWAR: Affordable housing is the major highlight of the three-day property expo which was inaugurated by Housing and Urban Development Minister Debi Prasad Mishra at Janta Maidan here on Friday.
Flood effect: Realty sector hit as workers in short supply
Oct 30, 2013
BHUBANESWAR: Realtors are keeping their fingers crossed about the impact cyclone Phailin and the subsequent floods are likely to have on the real estate sector.
Urban mess floods real estate hub
Oct 27, 2013
BHUBANESWAR: Raghunathpur near Patia is fast gaining the notoriety of Sundarpada, which is infamous for waterlogging at compounds of highrises and apartments due to unplanned construction.
Credai selects land for low cost housing projects
Oct 07, 2013
BHUBANESWAR: The Confederation of Real Estate Developers Associations of India (Credai)- Odisha chapter has identified about 20 acres of land for developing low cost housing projects.
Real estate investment in Odisha dismal
Oct 04, 2013
BHUBANESWAR: Odisha may be a favoured destination in attracting investments in the metal and power sectors, but when it comes to real estate, the state portrays a gloomy picture.
Squatters on agricultural lands in for trouble
Sep 25, 2013
BHUBANESWAR: In a blow to land sharks, the state government has decided to turn the heat on people, who purchased large patches of agricultural lands for commercial purpose and kept them vacant for years, eyeing hefty returns from sale of the lands in future.
Earlier released builder again held
Sep 24, 2013
BHUBANESWAR: The Saheed Nagar police on Monday arrested Simax Builder Private Limited managing director Nirmal Kumar Behera (42) on the charge of duping a customer of `5 lakh in fraudulent land deals.
CREDAI to set up skill training centre for construction workers
Sep 18, 2013
BHUBANESWAR: The Odisha chapter of Confederation of Real Estate Developers Association of India (CREDAI) has decided to set up a skill training centre in the city to address the shortage of the skilled manpower in building construction.
Government misleading people on chit fund scam probe: BJP
Sep 12, 2013
BHUBANESWAR: The BJP on Wednesday slammed the State Government for misleading people on the agencies investigating into the multi-crore chit fund scam.
Government to give public land on short lease
Sep 06, 2013
BHUBANESWAR: The State Government has paved the way for unused public land to be given away on temporary lease to private organisations and companies.
Builders frown on decision to stop conditional approval
Aug 29, 2013
BHUBANESWAR: Real estate developers on Wednesday sharply reacted to Bhubaneswar Development Authority's (BDA's) decision to do away with "conditional approval" of building plans of high-rises before such projects get clearances from various other agencies such as fire department, Bhubaneswar Municipal Corporation (BMC) and Airports Authority of India (AAI).
Biswabhushan Harichandan|Odisha Jami Adhikar Manch
Aug 29, 2013
BHUBANESWAR: At a time when the state is acquiring land for major industrial projects amid widespread protests, there are more than five lakh people in the state who don't have a place of their own to live in.
Opposition turns Ponzi heat on government
Aug 27, 2013
BHUBANESWAR: The state assembly on Monday witnessed a marathon debate on the chit fund scam, with the opposition alleging that at least four cabinet ministers of the Naveen Patnaik government were involved in it. The oppsition also said two prominent BJD leaders were involved and sought a CBI inquiry to unravel the truth.
Duped investors flay govt inaction
Aug 22, 2013
BHUBANESWAR: Scores of investors, duped by several chit fund companies in Odisha, took to the streets here on Wednesday, protesting against the lackadaisical attitude of the government in refunding their imoney.
Govt Land, Kept Unused for 3 Years, Can be Resumed
Aug 22, 2013
BHUBANESWAR: The As­sembly on Wednesday passed the Odisha Govern­ment Land Settlement (Amendment) Bill, 2013 and the Industrial Disputes (Od­isha Amendment) Bill, 2013 by a voice vote.
Realtor-criminal nexus under Bhubeaneswar police lens
Aug 21, 2013
BHUBANESWAR: Controversial builders seem to be running an empire of hooliganism in the city, if the murder of Manmohan Pradhan is any indication.
Builder shot dead in heart of capital
Aug 13, 2013
BHUBANESWAR: Armed criminals on Monday gunned down a builder in the N-4 residential area in Nayapalli.
Realtor's murder in Bhubaneswar tip of the iceberg
Aug 13, 2013
BHUBANESWAR: The brutal killing of a realtor over alleged land dispute at Nayapalli on Monday brought to fore spurt in crimes, stemming from flourishing real estate business in the city.
Builder held for land fraud
Aug 11, 2013
BHUBANESWAR: Simax Builders Pvt Ltd managing director Nirmal Kumar Behera arrested by the commissionerate police here on saturday in connection with land fraud. he was forwarded to court, the police said.
Pyari for CBI probe into chit fund scam
Aug 05, 2013
BHUBANESWAR: Rajya Sabha member and president of Odisha Jana Morcha Pyari Mohan Mohapatra on Saturday reiterated his demand for a CBI probe into the multi-crore chit fund scam.
First sitting of the panel on chit fund scam on September 6th
Aug 05, 2013
BHUBANESWAR: The first sitting of Justice RK Patra Commission, which was set up to probe the multi-crore chit fund scam in State, will be held on September 6.
Chit fund scam: Justice Patra to hold prelim hearing from Sept 6
Aug 03, 2013
BHUBANESWAR/CUTTACK: RK Patra, retired Chief Justice of Sikkim High Court and former Chairman of Odisha Human Rights Commisssion, probing the multi-crore chit fund scam in the state will start hear­ing of the case from September 6.
Realtor held for duping investors
Aug 03, 2013
BHUBANESWAR: Commissionerate Police Thursday arrested realtor and film producer Ratikant Kanungo on charge of duping investors and collecting lakhs of rupees from them promis­ing land on the city outskirts.

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