Tier I cities are reaching a saturation point. Rapid industrialisation and increase in growth of services sector activities has resulted into increasing disposable income, favourable demographics, changing lifestyles and growth of population, which is becoming upwardly mobile. Prominent tier II cities such as Bhubaneshwar is witnessing increased interest by investors, particularly in the residential real estate market.
Monthly Archives: February 2013
The state government has identified over 100 unauthorized buildings in Bhubaneswar for demolition, housing and urban development minister Raghunath Mohanty told the state assembly on Wednesday. The minister said the government has so far identified 530 buildings and apartments in the state capital, which violated the BDA norms. Officer on special duty (OSD) to BDA has lodged cases against the violators, he added.
The onslaught of unprecedented urbanisation is taking a toll on infrastructure development. Many new housing projects coming up along major roads are creating difficulties for laying smaller connecting roads for plots away from the main road. To check such unplanned growth, the Bhubaneswar Development Authority (BDA) is formulating a policy wherein it will become mandatory for real-estate developers to produce a no-objection certificate (NOC) issued by the authority before launching any new housing scheme along major roads in the city.
The idea of city-states comes from the ancient Greek cities of Athens, Sparta and Thebes. Relevant examples in today’s modern world are Singapore, Vatican City and Monaco. In India, Chandigarh, Jamshedpur and Bhubaneswar come close to how these places are planned.