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Orissa, the next victim in the realty recession

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According to the sources saying @ the www.propertykhazana.com, even if the realty segment in Orissa declared not to have impacted by the downfall as in the metros and other parts of India, builders in the State under Confederation of Real Estate Developers Association of India (CREDAI) have proclaimed a rate cut in residence rates for about 11%. The rate cuts will be effective on all the forthcoming ventures of developers under the confederation with immediate effect, said the source. With rates of raw materials and property prices falling down joined with dropping of interest rates by RBI, the rate cuts will also be continued to about 25-30% in the following days.
President of CREDAI Orissa and Secretary said to the www.propertykhazana.com that, “Rates of steel started to fall from about Rs. 45,000 per tonne to Rs. 30,000 as cement has dropped by about Rs. 25-35 a bag and descending on. Owing to the falloff of economy and the effect reluctance of big building conglomerates to step in the combat in Orissa, the rate of property has started to drop with about 15-20% and is more likely to drop to about 25-30%.” In addition, the comprehensive development plan (CDP) for Bhubaneswar is likely to appear into force in the coming years. This will launch new property regions for development by forming more prospects.
Source: NBTVLIVE

Property Listings

Apartments, Flats and Property for Sale in Bhubaneshwar

Aug 08, 2015
Built in the posh area of Laxmi Sagar on Cuttack road in Bhubaneswar is,The Emerald. Elegant and exclusive in every way, this 3 bedroom luxurious..
Aug 08, 2015
Built in the posh area of Laxmi Sagar on Cuttack road in Bhubaneswar is,The Emerald. Elegant and exclusive in every way, this 3 bedroom luxurious..
Aug 08, 2015
Built in the posh area of Laxmi Sagar on Cuttack road in Bhubaneswar is,The Emerald. Elegant and exclusive in every way, this 3 bedroom luxurious..
Jun 11, 2015
Built in the posh area of Laxmi Sagar on Cuttack road in Bhubaneswar is,The Emerald 2. Elegant and exclusive in every way, this 3 bedroom..
Jun 20, 2014
Trellis Infrastructure proudly presents World Class 2 & 3 BHK Apartments, 'Royal Manor' at Vishnomata Vihar Phase 1, Bhubaneswar. The 7..
Feb 18, 2014
Premium Class Apatment Prime Location Of..
Feb 10, 2014
Shree infra properties pvt. Limited, is primarily synonymous with quality, commitment towards customers, reliability, and excellence..
Jan 31, 2014
1. In this project "SUREKHA VATIKA" we have 2BHK ,3BHK & 4BHK flats with 10 no. of blocks of different sizes like..
Jan 24, 2014
(Min 1135sq.ft. 2BHK-(available 1135 and 1141sq.ft.) (Max 1434sq.ft. 3BHK-(available 1280, 1410 and 1434sq.ft.) facilities are:- Aesthetically..
Jan 14, 2014
Grab the most spectacular flats in Bhubaneswar at Lifestyleproperties.co.in. We provide complete customer service from property booking, property..
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Apartments, Flats and Property for Rent in Bhubaneshwar

Mar 13, 2015
New apartment with 2 big balconies covered with grills. Fitted with lights and ceiling fans. Individual parking lot. Lift facility. Gardens inside..
Mar 09, 2014
Brand new flat, just next to CV Raman college, 400meters from NH 5, RO water available 24/7, facility of lift, park, parking place..
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