Category Archives: Buying
Real estate major Tata Housing Development Company today announced the launch of Ariana, Bhubaneswar’s first integrated residential complex at Shankarpur. “Over the last few years, real estate as an industry has gained momentum across Odisha with improvements in infrastructure like the new international airport here,” said Managing Director and CEO of Tata Housing, Brotin Banerjee.
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.