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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.
Govt mulls changes in Apartment Ownership Act
Dec 07, 2012
BHUBANESWAR: The government is planning to make formation of housing societies in apartments a time-bound process. It is also mulling to give tenants the same rights and responsibilities to use apartment facilities as that of owners.
Bhubaneswar on top 10 city list
Nov 17, 2012
BHUBANESWAR: Cushman and Wakefield, a leading global real estate services firm, and Global Initiative for Restructuring Environment and Management (Girem), an industry body focussing on urbanisation, have identified Bhubaneswar as one of the 'top 10' emerging cities in India, said a state government release on Friday.
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.
Investment in private sector high in Odisha: ASSOCHAM
Oct 27, 2012
Odisha continues to perch high among the States attracting maximum investment, ranking second after Gujarat in terms of share in private sector inflow, across domestic and international, as of June 2012, the ASSOCHAM stated on Friday.
Land price for industries to go up
Oct 18, 2012
Bhubaneswar: Cost of land for setting up industries in the State is likely to go up. The State-level Single Window Clearance Committee (SLSWCC) on Wednesday decided to make it on par with the benchmark price of the area concerned.
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
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
SC relief to Bhubaneswar Development Authority on jurisdiction row
Oct 02, 2012
BHUBANESWAR: Bhubaneswar Development Authority (BDA) on Monday overcame an important legal hurdle on its jurisdiction with the Supreme Court issuing a stay on a March 27 Orissa high court order, which had prevented the civic authority from annexing 50 revenue villages under its fold. The Odisha government had moved the apex court challenging the HC order, which had quashed its 2003 notificatio
Odisha Government to provide free housing to Slum Dwellers
Sep 26, 2012
Bhubaneswar: Odisha Government has decided to provide house freely to Slum Dwellers. On this regard the state Cabinet has approves Odisha Property Right to Slum Dwellers and Protection of New Slum Bill 2012. This was informed by the chief secretary Bijay Patnaik. As per the proposal, property rights to the slum dwellers need to be given because of the steep rise in land prices, urban poor are
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
Land survey to get tech edge
Sep 06, 2012
BHUBANESWAR: Land survey and settlement in the state is going to become hi-tech. The Assembly passed the Odisha Special Survey and Settlement Bill, 2012, on Tuesday after debating it for four days. The Bill states that it shall be deemed to come into force on July 12, 2012. According to the proposed legislation, "survey of a revenue village may be carried out by applying modern technology inclus
'Odisha top destination for FDI in India'
Aug 27, 2012
Bhubaneswar: Mineral rich Odisha has emerged as the most favoured destination for overseas investors with investment proposals worth Rs 49,527 crore followed by Andhra Pradesh and Gujarat during 2011-12, according to apex industry body ASSOCHAM. Though barely 17 FDI proposals were filed in Odisha, the state garnered lion's share worth about Rs 49,527 crore in the total FDI proposed across Ind
Just 5 percent target achieved under Indira Awas Yojana
Aug 21, 2012
Even as the Government has set a target to construct 2,86,090 houses under Indira Awas Yojana (IAY), the rural housing scheme for the poor, in 2012-13, only 5 per cent of the target has been achieved by the end of July. While more than one lakh houses were under construction, the annual target for the current financial year was to construct 1,55,419 more houses. However, only 14,995 houses h
Odisha Urban Infrastructure gets DFID boost
Aug 20, 2012
The UK-based DFID has come forward to boost the State Government’s urban infrastructure development endeavours by aiding the latter’s flagship development fund __ the Odisha Urban Infrastructure Development Fund (OUIDF) __ with a 25 million Pound sterling support. This is the second support coming OUIDF way after German banking group KfW’s 52.5 million Euro loan-cum-assistance earlier this mo
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
Housing scam row hits Bhubaneswar Development Authority
Jul 19, 2012
BHUBANESWAR: The functioning of the Bhubaneswar Development Authority (BDA) has come under the scanner with the Accountant General (AG) of Odisha stumbling upon alleged misappropriation of funds in the allotment of houses and approval of building plans between 2008 and 2011. Going by the audit report, a copy of which is with TOI, alleged financial irregularities to the tune of Rs 11.60 lakh an

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