Bhubaneswar or Bhubaneshwar is the capital city of Indian state Odisha or Orissa. The region boasts a rich cultural and historical heritage. Incidentally, the city is increasingly becoming popular for its growing real estate markets. Today, it is among the most coveted cities in the category of tier II markets and has been witnessing rising demand for real estate over the past year. The following article is going to discuss about the upcoming projects in Bhubaneswar along with their current prices and specifications.
Angel Avenue – This housing project is located in the Hanspal area and consists of 2 and 3 BHK apartments. These flats are scattered across multi-storey buildings comprising 17 blocks which include 375 homes. Located near Hi-Tech Medical College, The total area of the residential housing community complex is 4.5 Acres, of which 60 per cent is open space. There is a commercial complex and various amenities like club house, swimming pool, gymnasium and kids’ play zone.
The 2 BHK homes cover a built-up area of 1050 square feet and are presently available for purchase at Rs. 25 Lac, while the 3 BHK homes are spread across 1360 square feet of area and cost Rs. 32 Lac. These units will be ready for possession by December 2013.
G- Next Valley – Located in Tamando, this residential venture is being developed by Raj Anand Builders. It consists of 3 BHK independent villas that are now ready to move in. investors and end users can buy these houses at Rs. 48.6 Lac. The size of a villa in this NRI township project is nearly 1944 square feet.
The complex covers a total area of 7 Acres with 60 per cent space being open. The project also offers 2, 3 and 4 BHK apartments covering 1425, 1035 and 1050 square feet of built-up area. The 1 and 2 BHK flats account for only 1 lock while the 3 BHK homes are spread across 15 blocks. There are a total of 125 units in this development, which is situated near Gita Engineering College, behind Hyundai Showroom. The amenities include a gym, club house and children’s play area.
Citi Homes – Located in Balianta, this development is being built by SRB Multitech Ltd. it consists of 3 BHK villas of 1275 to 1312 square feet that are available for a starting price of Rs. 32 Lac. These independent houses will be ready for possession by December 2013. The total land area is spread over 10 acres and the construction of this residential projects is going on in full swing. Of the total area, 70 per cent is dedicated to open spaces. There are a total of 5 blocks in the complex which further consist of 129 units. The nearest landmarks are Hanspal Square on National Highway 5. The long list of amenities includes a multipurpose hall, swimming pool, power back-up, car parking and property staff.
Lifestyle Green – Located in Patia, Lifestyle Green is an upcoming residential venture offering apartments as well as land for purchase. The total area of the development is about 1 acre and consists of 40 per cent open space. There are 64 apartment units in all, which are built in 4 multi-storey towers or blocks. The landmark nearest to this project is the KIIT Square. The 3 BHK apartments are spread across a built-up area of 1680 square feet while the land occupies 1000 square feet of area. The flats are available for purchase at a price of Rs. 58.8 Lac to Rs. 60.8 Lac, while the plots of land can be acquired for Rs. 50 Lac. The homes, which will be ready for possession by June 2014, come with a set of amenities including a common club house of 3000 square feet.
The above article about Bhubaneswar Real Estate. Ample research has been done in order to compile the given data and present an overview of the property market.