For over 35 years, Utkal Builders has been a key force in shaping Odisha’s real estate landscape, driven by an enduring commitment to trust, innovation, and uncompromising quality. This enduring legacy has now earned national recognition with Managing Director Sharad Baid and Utkal Builders being featured in Forbes India Rising East, November 2025 edition. This is a significant milestone that reflects decades of consistent performance, credibility, and responsible growth. The recognition underscores not only the company’s success as a real estate developer but also its meaningful contribution to the economic and urban development of Eastern India, validating a long-term vision built on customer trust and sustainable progress.
Thank you for reading this post, don't forget to subscribe!Since its inception, Utkal Builders has focused on creating more than just buildings. Every project has been driven by a long-term vision delivering homes and spaces that combine thoughtful design, structural integrity, and enduring value. Over the years, this commitment has helped the company earn the trust of homeowners, partners, and industry stakeholders alike.
This trust has been the strongest foundation of Utkal Builders’ growth, allowing it to adapt to changing market needs while maintaining transparency and ethical practices.
With a strong team led approach at its core, Utkal Builders has consistently prioritized sustainable growth and quality driven development. Guided by the leadership of Managing Director Sharad Baid, the organization continues to focus on long-term progress rather than short term gains. His belief that trust must be earned not assumed has deeply influenced the company’s culture, guiding every decision with integrity, accountability, and a long-term vision. This leadership philosophy has enabled Utkal Builders to align growth with responsibility, delivering quality-driven projects with transparency and timely execution. Recognized by Forbes India, the impact of values-led development and highlights Utkal Builders’ meaningful contribution to shaping modern urban living across Odisha and Eastern India.
As Bhubaneswar and other cities across Eastern India continue to evolve into prominent urban growth hubs, Utkal Builders has played a meaningful role in shaping modern living environments that reflect changing lifestyles and aspirations. Through a strong focus on innovation, efficient planning, and quality construction, the company has delivered projects that balance functionality, durability, and contemporary design. This thoughtful approach has supported the region’s shift toward more organized and sustainable urban development, positioning Utkal Builders as a forward-looking developer. The Forbes India Rising East 2025 recognition further underscores the company’s contribution to this transformation and its ability to grow in step with the region it proudly serves.
Every milestone achieved by Utkal Builders is the result of a committed team whose team expertise, discipline, and shared vision drive excellence at every stage. Their dedication, combined with the continued trust and support of customers, partners, and associates, has been instrumental in strengthening the brand year after year. This collective journey highlights a simple truth lasting success is built on collaboration, consistency, and values that unite people toward a common purpose.
This achievement belongs as much to our customers as it does to us. Your trust, support, and belief in Utkal Builders have shaped our journey and helped us reach this milestone.
We extend our deepest gratitude to every homeowner, investor, and well-wisher who has been a part of the Utkal Builders family.Your trust is our biggest inspiration and it is what motivates us to keep pushing boundaries and delivering excellence, project after project.
Being featured in Forbes India Rising East 2025 is both a celebration and a responsibility. It strengthens Utkal Builders’ resolve to continue building with purpose creating spaces that enhance lives, strengthen communities, and contribute positively to Eastern India’s growth story.
With a legacy of 35 years behind it and a clear vision for the future, Utkal Builders remains committed to shaping real estate that stands the test of time.

















































All project information and details displayed on the site, including but not limited to the information and details contained in project related materials that you may download are for information purposes only and do not constitute an offer under any law for the time being in force. The Company shall not be liable to you for any decisions you may take as a result of or on the basis of such information and encourages you to contact the Company directly for up-to-date and accurate information.
Mr Rakesh Bhura holds the MBA degree from the Leeds University,UK. The youngest and the most dynamic among the directors he plays an important role in planning and execution at the site. He is actively involved in site execution,purchases & manpower management. He has his own innovative approach towards the projects and all his endeavours have been successful. Mr Bhura is the young promising face of Utkal Builders.
Anchors the sourcing function at Utkal. He is credited with deriving the best value from our sourcing partners – contractors and vendors of material inputs. Recently, he has taken additional responsibility of the marketing function. However, complicated and large his tasks, his energy and positive attitude make them all possible! And somewhere in the middle, he also finds time to pursue sports and instruct his disciples on yoga.
Is an MBA from University of Strathclyde, Scotland, specializing in marketing and is currently gaining exposure of the unique customer nuances of the varied markets. he is also involved in streamlining the finances of the group.
Patriarch of the family & Chairman of the Group endorses chosen principles and values which Utkal follows. With his distinguished business and social credentials, he has led and safe-guarded the treasured Utkal culture. A born entrepreneur, he initiated with humble beginnings. But his zeal, sheer grit and robust ethics steered him through the times to continuing trust and success. Of course, after four decades of a distinguished business career and leadership of a diversified business group, his enthusiasm remains fresh as ever.
Is an MBA from prestigious IMT, Ghaziabad specialising in Finance and a CFA from ICFAI. He is driving innovation and technology in the group’s operations. He is also actively involved in the group’s marketing plans.
Mr. Sharad Baid is the Managing Director of Utkal Builders & has earned his Masters in Business administration from Bond University, Australia. He specialises in Finance and Information systems.By spearheading new initiatives in Utkal Builders, Mr. Baid has enhanced the framework for strategic planning and project development. In addition, he plays a crucial role in the corporate branding & project marketing of the Group.
The visionary with a mission and an opportunity – guru, his insights are the engines of innovation and new businesses. His passion for opportunities is only matched with his perseverance to bring them to life. He has been the torch-bearer and the agent of evolution at the group. He has also served as the president of CREDAI, Odisha (2010-11).
Mr Rakesh Bhura holds the MBA degree from the Leeds University,UK. The youngest and the most dynamic among the directors he plays an important role in planning and execution at the site. He is actively involved in site execution,purchases & manpower management. He has his own innovative approach towards the projects and all his endeavours have been successful. Mr Bhura is the young promising face of Utkal Builders.
All project information and details displayed on the site, including but not limited to the information and details contained in project related materials that you may download are for information purposes only and do not constitute an offer under any law for the time being in force. The Company shall not be liable to you for any decisions you may take as a result of or on the basis of such information and encourages you to contact the Company directly for up-to-date and accurate information.