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Housing projects on the rise on the outskirts of Bhubaneswar

BHUBANESWAR: If someone who has travelled outer ring of Bhubaneswar in recent times, he must have come across vast pastures, signs of hardly any urban population and yet sprouting of high rises.

The feature almost epitomises real estate development the capital city is witnessing. You wouldn't expect tall residential apartments to be on the border of Chandaka forest or in the middle of farmland in Pahala, but these buildings are coming up.

Pressure of providing affordable dwelling units to middle and upper middle class families seems to be forcing real estate developers going distance. Once they find land at cheaper price, it will be easy for them to offer low-cost house.

“We are offering residential flat in Chandaka at around Rs. 1350 per square feet area. Had the project been located inside the city, the price would have shot up beyond Rs. 3000 per sq ft,” says Umesh Patnaik, promoter of Trishakti, which is coming up with 440 flats near Chandaka forest. Land constitutes a major component in housing projects, he says.

There are several low-cost housing projects on the display at the Property Expo being organised by CREDAI, Orissa.

“The closer you are to the city, the more money you have to pay for residential flat. But for investment purpose one must go to outskirts which have potential to grow,” says Pawan Rajotia from Dream Services, a real estate marketing group.

With getting two-bed room flat inside the city below Rs. 20 lakhs becoming unthinkable, people are ready to own a house in far away places. Aware of the needs of prospective occupants of flats, realtors are also coming up with composite planning having community hall, commercial complex and outdoor sports as components.

Amendment

The recent amendment in building regulation of the Bhubaneswar Development Authority has come as a major boost for creating high rises on the outskirts.

Earlier, the authority was allowing five-storeyed apartments. But now one could go beyond 20-storeyed tall flats.

As Bhubaneswar is expanding in all direction, sprouting of high rises are set to change urban skyline of the city.

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