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Old 02-01-07   #3
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Default Investment in Bhubaneshwar Property

As far as investment in Bhubaneshwar property is concerned, Chandrashekharpur, Bhubaneshwar–Cuttack Highway is believed to be the best bets for the year 2007. Also, I have come across the news that Bhubaneswar is set to become the favourite Tier-II destination of IT companies.

Look to Chandrasekharpur of Patia at Bhubaneswar. Here Simplex, duplex, and Apartment is very popular. One duplex about 1815 square ft. building area contains a price tag of around Rs 20 lakhs.

Likewise, the cost of one Simplex is around 12 lakhs where the building area is 980 square ft. This phase of development is taking place at Marutivilla by Maruti builders. Talking about the 2 bed room Flat in Harihar apartment at Vir surendra Sai Nagar, it will cost around a whopping amount of Rs 10 lakhs. This location is 20 kilometers from the Air port and 4 kilometer from Railway station.

Club Town at CS pur near Infosys, jadukul Enclave Bamra Nagar at Surya Nagar Also going on by private developers. Although from the Govt side there is Bhubaneswar development Authority (BDA) to look after Constructions. But it did not have done any project for long time. Now it has planned Netajee Subash Chandra Bose residential and shopping Complex for medium and lower income groups.

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