Property in Bhubaneswar

Bhubaneswar, the capital of Odisha, was designed by German architect Otto Konigsberger in 1946. Like Chandigarh and Jamshedpur; it is one of the first planned cities of India. The largest city in the state, it is the center of economic and religious importance. The city, with an abundance of greenery and an efficient civic body, has become one of the cleanest and greenest cities of the country. With contemporary relevance as a tourism, IT and education hub, Bhubaneswar real estate has witnessed rapid development in the last few years. Properties in Bhubaneswar are witnessing handsome appreciation and is sure to drive eastern Indias growth engine in the coming days.

Emergence of the city as a major center for IT industry, higher education and advanced medical care along with the boom in the metals and metal processing industries, has made Bhubaneswar one of the fastest developing cities of India in recent years. The city is famous for its Hindu temples and is known as a Temple City forming the Golden Triangle with Konark and Puri.

Infrastructure
The Odisha State Road Transport Corporation (OSRTC) bus network has inter-state bus terminuses including one developed at Barmunda. This terminus connects the city to areas in West Bengal, Andhra Pradesh, Chhattisgarh and Jharkhand. NH-5, part of the Kolkata-Chennai route of the Golden Quadrilateral passes through the city. State Highways 27 and 13 pass through the city along with NH-203. The city has 1,600 kilometres of wide roads with Bhubaneswar-Puri Transport Service Limited and Dream Team Sahara bus network a major connectivity lifeline here. The city was recently shortlisted in the 100 Smart Cities list released by the Centre.

Several junctions and over-bridges have been built in the city. Bhubaneswar BRTS is another major initiative taken up by the government. The city has five railway stations while the international airport, Biju Patnaik International Airport, has been built three kilometres away from the city centre. Hence, giving Bhubaneswar real estate a definite edge over many cities.
Homes and Living

Bhubaneswar houses Odisha Legislative Assembly and state secretariat. Bhubaneswar-Cuttack Police Commissionerate is the police force here. Rajendra Prasad Sharma is the Commissioner of Police. The city elects one representative to the Lok Sabha and three representatives to the state assembly. Central Electricity Supply Utility of Odisha (CESU) is the major electricity provider while Public Health Engineering Organization handles water supply and sewerage duties. All these give valuable back support for Bhubaneswar real estate.

A new urban land policy has given increased impetus to the city and developers are now coming up with both affordable and luxury projects alike. Chandrashekharpur in the northern suburbs of the city is experiencing rapid development along with other zones including Jatni, Khurda and Choudwar. Bhubaneswar-Cuttack Road is another hotbed for realty development along with Sundarpada, Nandankanan Road, Tankapani, Hanspal and Chandka. Properties are registered at the sub registrars office while property mutation is done by applying to Circle Revenue Office. BMC has undertaken pioneering work in various fields and perceives its role as principal provider of services as detailed below to provide a better quality of life to the residents of Bhubaneswar.

With prominent institutes including Indian Institute of Technology, National Institute of Science Education and Research (NISER), Institute of Physics, Kalinga Institute of Industrial Technology (KIIT), Siksha O Anusandhan University, Utkal University, Xavier Institute of Management, Bhubaneswar (XIMB), and All India Institute of Medical Sciences (AIIMS) in the city welcomes an opera of young people from various parts of India. And, with such a large student base the Bhubaneswar real estate, is seeing spike in rental activities.

Governance
Bhubaneswar Municipal Corporation (BMC) is the major civic administrator for 67 wards of the city. The mayor, deputy mayor and other elected members form a council for discharge of the corporations functions. It looks after services including health & sanitation, slum development, disaster management, city beautification, citizen services, solid waste management, underground sewerage, online services, and vending zones.

Bhubaneswar Development Authority (BDA) holds responsibility for building regulations, statutory planning and development. The upcoming projects of BDA include duplex houses scheme and HIG duplex housing scheme at Pokhariput, housing scheme at Paikarapur, residential plots scheme at Sanpalla in Khurda and Prachi Enclave Phase-II scheme at Chandrashekhapur. Demand for properties in Bhubaneswar is on the rise and the authorities and private developers are trying to match the expectations.

Demography
Bhubaneswars population is close to one million according to the 2011 census. The average literacy of Bhubaneswar is 93 per cent. The city has a sex ratio of 883 women per 1000 men. Apart from Odias, Marwaris, Bengalis and Telugus also live in the city. Bhubaneswar real estate is mainly fueled by the domestic crowd and with the passage of time, the ever changing city is attracting huge interest for the Bhubaneswar real estate from people across different states.
Industry and Employment

Bhubaneswar has witnessed rapid economic progress over the years and its chief sectors include tourism, information technology and education. It is an important commerce and trading hub in eastern India. Tourism generates the bulk of the citys revenues along with small scale manufacturing and retail. IT, education and telecommunications are sectors, which took off from the 1990s. Mining, forestry and agriculture are sectors which offer employment to roughly 1/3rd of the workforce in Bhubaneswar. The handicrafts industry has always thrived in the city along with infrastructure, real estate, hospitality and software. And, Bhubaneswar real estate displays the unique Odiya culture and tradition of cleanliness and spacious living. With vivid demographics, economic activities, government support, Bhubaneswar real estate is surely a hot pick among the emerging cities in India.

Four industrial zones have been established by the government while software exports are very healthy in comparison to other Indian cities. Several IT parks have been built in the city and leading companies including Tech Mahindra, Infosys, Mindtree, Wipro, TCS, Genpact, IBM and Mphasis have their offices here. The city also has a vibrant start-up culture. Thats why properties in Bhubaneswar are really on entrepreneurs wishlist.

Lifestyle
Bhubaneswar is home to several shopping malls and plazas along with multiple retail hubs. This makes it one of eastern Indias biggest shopping destinations. The city has more than a thousand temples according to estimates and some of the most visited ones include Rajarani Temple, Lingaraj Temple, Ananta Vasudeva Temple and Muktesvara Temple. Udayagiri and Khandagiri hills offer caves with ancient carvings. Dhauli hills also offer Ashokan edicts engraved on rocks.
The city is home to Oriya film industry. Handicrafts, Odissi dance, sculpting and sand artistry are major attractions in Bhubaneswar. Ocean World, Nicco Park, Regional Science Centre, Tribal Research Museum, Nandankanan Zoological Park, Odisha State Museum, Regional Museum of Natural History, Pathani Samanta Planetarium and State Handicrafts Museum are major attractions here. The city is home to multifarious hotels and restaurants and also houses Kalinga Stadium, which offers a host of sporting facilities.