subject: Orissa Property Key Destination For Investment [print this page] Orissa property is now turning out to be a lucrative destination for all kinds of businesses. To tap the potential in the market through newer strategies, whether it is manufacturing, information technology, automobile or telecommunications, companies are gearing up. Real estate business is not an exception. To open the door to unlimited possibilities for investment all over the state, Orissa property business is passing though a flourishing stage.
In the faces of plot owners as well as builders, a recent surge in the prices of both residential and commercial properties in Orissa has brought smiles. In a matter of few years, the majority of urban cities have witnessed a price rise of more than 250 percent. In all cities and towns in Orissa, irrespective of their sizes, a large number of commercial complexes, industrial parks, shopping centers and residential townships are being planned and established. Orissa property is a dream investment as many residential projects are coming up in this happening city. The demand for properties has spread across many different categories such as separate residential houses, apartments with multiple floors and villas and it is not limited to a particular category. With numerous choices in every segment like low-priced homes, premium housing and luxurious housing schemes, the supply aspect in Orissa property is equally diversified. With an upward movement in commercial as well as residential properties, the real estate scenario in Bhubaneswar, Cuttack, other cities and towns presents a rosy picture. To entice more and more buyers, Builders in this part of the country are coming up with newer and newer projects. More space in the classified section is devoted to rent of houses and plots for sale, the craze for owning an Orissa property is such. Encourage middle class working executives to own a dream house, many low-cost housing schemes are in the pipeline. Orissa has witnessed a record investment in the real estate market. At a rate of 30 percent per annum, the property prices are steadily increasing. In the form of plots, independent houses, condos, apartments and luxury villas are the majority of residential properties in Orissa. Bhubaneswar has come forth as the most favored city because of its strategic position for transnational companies. Seeing a flourish in its real estate business, the demand for all kinds of properties in Bhubaneswar has been mounting.
More and more people are investing in Orissa property and you too shouldnt miss out such a chance when the real estate in the state is on a rise. It is advisable to take the advantage of such market scenarios. Opportunities such as this, comes once in a lifetime.
by: Bob Foster
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