Are you making a fortune out of property investment? If not, you are missing out on the biggest boom in Indian Real Estate. Now’s the time to invest in this multi-billion industry, as the demand for quality real estate spaces is experiencing a burgeoning growth.
Bhubaneswar, in the current matrix, ranks among the top Tier-2 cities of India. With the dual benefit of being a capital city and a sturdy state government at the helm of affairs, it shows tremendous growth potential. Progressive economic growth, surging infrastructural development, affordable living costs, seamless road networks and attractive property valuation have transformed Bhubaneswar into a robust and fastest-growing realty destination in Eastern India, emerging as a hotspot for investors. At this place India's Largest Real Estate Company Capdeal helps investers in their perfect property hunt.
Economic growth- Bhubaneswar is one of the fastest-growing cities in the country and an Eastern India hotspot for IT, mining and education. The city has witnessed exponential IT growth recently, propelled by IT parks Infocity 1 & 2 that house top Indian companies- TCS, Infosys, IBM, Capgemini, Wipro & PWC. Furthermore, IT giant Deloitte will boost employment opportunities and the local economy. The real estate requirement is surging with emerging industries, new investments and a floating population.
Realty regulatory reformation- The new reforms in Odisha Development Authority (Planning and Building Standards) Rules, 2020, opened many more options to builders and real estate developers in Bhubaneswar. It promotes affordable housing and allows builders to construct high-rise, mixed-use, higher-density projects, providing buyers with more choices. The revamp of the regulatory board and the effect of nationwide lockdown amplified the demand graph for quality housing due to the growing desire to enjoy comfortable living contrary to fast-paced metros. Additionally, home loans are now available at interest rates of as low as 7.20 %per annum, despite RBI keeping the repo rate steady at 4%.
Presence of top Indian developers- Owing to the growth potential and wider infrastructural avenue, RERA-listed top Indian real estate developers such as Tata Housing, Aashiyana, Trident, and DLF have added Bhubaneswar to their portfolios and set operations resulting in quality supply at competitive rates. These projects offer amenities similar to metro projects. The hybrid work culture post-pandemic continues to attract migrant professionals to the city propelling more developers to enter with quality project offerings. Bhubaneswar promises profits beyond belief.
High rental yield and appreciation potential- Bhubaneswar is swiftly emerging as a real estate market. Prospective property buyers and investors see the city as an alternative to polluted, congested metros. The state guidelines for construction in urban areas encourage a robust residential segment offering capital appreciation and high rental yields compared to those in bigger cities. Realty investors and genuine end users opt for properties in Bhubaneswar for their lower average prices, steady growth in rates and open space available in and around their properties.
The real estate market in Bhubaneswar has become more transparent for buyers and sellers owing to the RERA reformation. Also, the construction rate of the city is steadily increasing. Additionally, Bhubaneswar captivates tourists far and wide with its myriad of tourist attractions. With the projected evolution, cheaper investment and EMI rates, the real estate in Bhubaneswar are unquestionably attractive to any home buyer. So find the best property consultant in Bhubaneswar for your property deals.