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What drives real estate growth in Bhubaneswar ?

Bhubaneswar has emerged as one of the favorite reality hotspots in Odisha not only for capital investment but renting as well. Here is the list of key factors that contributed to the transformation of the realty sector in the area and added to its enchantment.

Homebuyers, both from within the city and the areas around, have showcased an increased interest in the residential Properties in Bhubaneswar. If you too plan to buy a flat in the area, it is crucial to know about the appropriate pockets in the area that are worthy of real estate investment. Since Bhubaneswar comprises numerous sub-markets, not all are equally fit for investment.

Array of facilities :

Bhubaneswar provides its residents with all sorts of social amenities, incorporating schools and hospitals, banks and recreational facilities. Some of the well-known educational centers in Bhubaneswar are Sai International  School, ODM Public School, DAV Public School, Delhi public school , Kalinga Institute of Industrial Technology.

The key health institutions in Bhubaneswar comprise Apollo Hospital , Kalinga Hospital, AIMS Bhubaneswar, Kalinga Institute of Medical Sciences, and AMRI Hospital.

Apart from these, it also provides recreational options, like ESPLANED Mall and Big Bazar and proximity to various banks, including Syndicate Bank, Axis Bank, IDBI Bank and UCO Bank.

While the majority of residential spaces in Bhubaneswar include builder floor units, they are the gated communities that provide complete safety and security.

Moreover, as some of the properties in the area are available on General Power of Attorney and some are registered under Bhubaneswar Development Authority (BDA), a homebuyer must undertake thorough research and consult a legal expert to elude hassles. It is pivotal if you intend to avail a home loan as banks do not sanction advances on GPA properties.