Bhuvneshwar

Bhubneswar is the capital city of an Indian state, Orissa. It is located on the eastern coast of India. The city is called the "temple city of India" as it is believed that there are around seven thousand temples in the city. Famous temples, like Lingaraj Temple, Sun temple, Jagannath temple, and places like Khandagiri & Udayagiri, Puri beach, and Dhauli Giri are major tourist attraction centers. The city is well connected to other cities of India by air, rail and road.

Real Estate Scenario
Bhubneswar is one of the fastest emerging cities of India. It is rated as tier II city of India with a lot of potential hidden in real estate sector. Being a capital city, the city has found good infrastructure. The state government is focused to develop the city as one of the top centers for IT/ITES industry. Major construction projects are in pipeline, which will push up the real estate scenario in the state.

• DLF Ltd, India's leading real estate developer, will build Orissa's first Special Economic Zone (SEZ). The SEZ will be developed on 54 acres at Chandaka industrial estate, located on the outskirts of Bhubneswar. An investment of Rs 10 billion will be required in the project. The SEZ will be mainly dedicated to IT, as 60% of the built up space will be utilized for IT related services.

Residential Real Estate
The industrialization of the Bhubneswar has attracted large number of people from the rural parts of Orissa as well as from other parts of the country. The city is getting crowded day by day so the residential areas of the city is spreading. The demand for residential properties at premium locations on the city is very high. Some of the important residential projects in Bhubneswar:

• Maruti Villa phase II is a finished residential project of Maruti estates. It consists of 50 duplexes with modern fittings. It is located on the road to Patia Railway Station on highland.
  
  
• Maruti Homes, comprised of 25 luxurious Duplexes, is a premium housing colony located in Sailasree Vihar, the most happening residential colony of the state.

Commercial Real Estate
The commercial real estate is having a good time in the city because the demand for prime locations is high. The biggest MNCs are planning to open their manufacturing and production units in Bhubneswar. The retail market is also entering the city with full bang. The prices of properties are increasing at a rapid rate and these are ideal situations for the realty investors. Some important commercial projects in the city are:

• Maruti estates is a well known name in the field of real estate business in Orissa and specially in Bhubneswar. The group has undertaken several projects in commercial and residential sector. Some of them are described below.
  
  
• Maruti Corner is a dedicated ultra modern shopping Mall spread over at 25,000 sq ft. built up area at Magnetix square, Patia, a prime location in Bhubaneswar.
  
  
• Maruti Mall is also a big project covering 35000 sq. ft. of built up area at a prime location in Bhubaneswar. Big names, like Pantaloon Retail India limited (Big Bazaar Group) are already operating from here and certain others have booked spaces and will be opened shortly.