“Bhubaneswar is not just a city; it’s a vision for future-ready living.” – Sharad Baid, Managing Director of Utkal Builders
Bhubaneswar, the capital city of Odisha, is rapidly emerging as a prime destination for real estate investments. Known for its robust infrastructure and strategic location, the city offers immense growth opportunities for both residential and commercial properties. Here’s a detailed look at what makes Bhubaneswar the ideal place for real estate investment now.
One of the key drivers behind Bhubaneswar’s rapid growth is its proactive governance. The local government has implemented policies that promote sustainable development and economic growth. Odisha’s business-friendly policies provide incentives for businesses to set up operations in Bhubaneswar, driving demand for commercial real estate. These efforts have significantly improved the ease of doing business in the city, boosting investor confidence.
Bhubaneswar was one of the first cities in India to be selected for the Smart Cities Mission, aimed at creating a sustainable and inclusive urban environment by leveraging technology. Initiatives under this mission include intelligent traffic management systems, efficient waste management, and enhanced public services. These projects have greatly enhanced the city’s infrastructure, making it more attractive for real estate investors and ensuring a high quality of life for its residents.
The presence of leading IT companies, educational institutions, and healthcare facilities makes Bhubaneswar a thriving commercial hub. These establishments generate employment and drive demand for residential properties. As more professionals move to Bhubaneswar for work, the need for quality housing continues to rise. This makes the city an excellent location for both residential and commercial real estate investments.
Bhubaneswar’s economic growth has led to an increase in the spending power of its residents. The city’s upwardly mobile population is looking for premium housing options that offer comfort, convenience, and modern amenities. This shift in lifestyle preferences is driving the demand for luxury homes and high-end apartments. The rising disposable incomes of the city’s residents create a ready market for businesses to thrive, further fueling the demand for commercial real estate.
Bhubaneswar is setting new benchmarks in urban development with its future-ready projects. The city is witnessing a surge in innovative real estate ventures that cater to the modern lifestyle needs of its residents. From smart homes to eco-friendly commercial spaces, Bhubaneswar is at the forefront of adopting cutting-edge technologies in its real estate sector. Notably, Utkal Isquare, a recent project, stands as the first smart homes initiative in Bhubaneswar, exemplifying the city’s commitment to integrating technology into living spaces.
Bhubaneswar is poised to become one of India’s leading real estate markets. Its combination of proactive governance, smart city initiatives, business-friendly policies, and a thriving commercial environment makes it an ideal location for investment. As the city continues to evolve, it offers promising opportunities for those looking to invest in future-ready real estate projects. Utkal Builders, with its decades of experience and commitment to excellence, is well-positioned to support and drive this dynamic growth.
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.