Odisha capital city's growth linked to real estate developers
It indicates that people here prefer flats than individual houses for which credit goes to the real estate sector for developing such facilities.
Jan 21, 2017
Source : The New Indian Express
Dr Krishan Kumar,Vice Chairman BDA Bhubaneswar

 

BHUBANESWAR: Real estate developers have contributed a lot for the fast development of the Capital City by providing facilities of metro life under one roof, said Vice-Chairman of Bhubaneswar Development Authority (BDA) Dr Krishan Kumar.     

Inaugurating the 10-day 'Home and Decor Exhibition and India International Mega Trade Fair' organised by Real Estate Developers' Association (REDA) at Janata Maidan on Friday, Kumar said nowadays, majority of the approvals are sought for apartments and multi-storey buildings in Bhubaneswar.

''It indicates that people here prefer flats than individual houses for which credit goes to the real estate sector for developing such facilities. As per an estimation, 18 per cent houses are required by 2035 which are yet to be built. It is the real estate developers who would build the houses,'' he said.

The exhibition, which has nine air conditioned hangers, comprising 550 stalls accommodating all real estate activity related participants including from eight foreign countries - Thailand, Turkey, Egypt, Bangladesh, Afghanistan, Pakistan, Nepal and Myanmar, will continue till January 30.       

REDA president Kantilal Patel said the event provided a true sense of exposure and modern facilities offered by the developers besides the feasibility of availing a home loan, broad observation of the latest in home decorative items, furniture and electrical appliances under one roof.

Among others, REDA secretary JP Singh, chairman of GS Marketing Associates Prakash Shah, CEO Suparna D Gupta, managing director of Z Estates Tapan Kumar Mohanty and director of Thai Trade Centre, Department of International Trade Promotion of Thailand Government MS Jittima also spoke.

Latest Realty News

Credai-Odisha-to-hold-4-days--property-expo-from-12th-January-
Jan 05, 2017
Credai Odisha Chapter is going to hold 4 days property expo from 12th January to 15th January at Janata Maidan, Bhubaneswar.
Property-cards-issued-by-South-corporation
Dec 21, 2016
NEW DELHI: South corporation on Wednesday started distribution of Unique Property Identification Code (UPIC) cards along with inaugurating the "Link your Record" programme for residents in its jurisdiction.
JSW-Cement-launches-Heavy-Duty-Concreel-HD-Cement
Oct 21, 2016
Hyderabad : With its unceasing efforts in expanding its horizons and giving something new and beneficial to the society, JSW Cement, one of India’s leading cement has added to its foray, a superior quality product called as Concreel HD -One Cement Six Strengths.
JP-Infra-to-build-a-Ganesh-Temple-at-JP-North-at-Mira-Road
Sep 12, 2016
Mr. Vijay Jain, CMD at JP Infra made a huge announcement for their landmark project - JP North at Mira Road to build a Ganesh Temple and the planning towards the same has already been initiated.
Hyderabad-has-huge-potential-for-modern-retail:-Knight-Frank
Sep 08, 2016
Knight Frank India today launched the first edition of its report on Hyderabad retail sector titled – Hyderabad Retail: Unlocking the Potential. The reportlooks into the emerging trends in multi-channel retailing, shopping centers and new formats.
DLF-could-look-at-tweaking-residential-business-model-post-notification-of-RERA-rules-
Aug 31, 2016
NEW DELHI: real estate firm DLF is waiting for the final rules under the real estate regulatory act to be notified to see how it can tweak its business model going forward, said Saurabh Chawla, senior executive director (finance) at DLF during a call with analysts.
Revival-of-real-estate-sector-is-top-priority-of-the-government:-Ravi-Shankar-Prasad-
Aug 20, 2016
NEW DELHI: The government is willing to provide more incentives for the well-being of the real estate and construction sectors but it has to become more proactive and sensitive towards constructing low-cost housing with high quality for intended beneficiaries, said Ravi Shankar Prasad, minister of Law & Justice, Electronics & Information Technology.
'Over-2-lakh-houses-built-under-central-schemes-in-2-years'-
Aug 11, 2016
NEW DELHI: The minister of state for housing and urban poverty alleviation Rao Inderjit Singh told Lok Sabha on Wednesday that 2.24 lakh homes have been constructed for urban poor under the old and new housing programmes during the last two years.
Amaravathi-has-the-potential-to-become-a-world-class-city:-Knight-Frank-
Aug 09, 2016
Hyderabad, August 04, 2016: Knight Frank India, the leading global property consultants today released an exhaustive report on the two upcoming state capitals--Amaravathi & Naya Raipur.
Under-construction-flat-to-cost-more-after-GST-Bill-is-rolled-out
Aug 05, 2016
NEW DELHI: Prices of underconstruction apartments may rise by up to 5-10% when the Goods and Services Tax (GST) is rolled out. But, prices of completed apartments will not be affected as GST will not be applicable there.

Latest Realty News Of State

Realty Talk's