Why is investing in Bhubaneswar property best for investors?

Are you planning to invest in properties and searching for a perfect location? If yes, then Bhubaneswar can be an excellent option for you. The capital city of Odisha, also known as Temple City of India, has become a beacon for profitable property investment opportunities. Well-known for its strategic location and impressive infrastructure, Bhubaneswar provides people with massive growth chances for commercial as well as residential properties.

Furthermore, we can’t ignore the rising economic trajectory of the city, cultural richness, and lucrative rental income. Read on to explore what makes this Smart City an ideal destination for property investment.

Top Reasons to Investing In Real Estate Property in Smart City Bhubaneswar

·       Smart City Initiative

On 28^th January 2016, Bhubaneswar became a Smart City, and after that, the city’s real estate market witnessed a major boom. Bhubaneswar’s commitment to enhanced lifestyle sustainable development along with smart infrastructure has attracted many people to invest in real estate. Well, there are more such opportunities and initiatives to be introduced in the coming days, and this will further boost the popularity of the real estate market. It can be said that this is a major reason why many RERA-registered property developers or builders have started capitalizing on the opportunities.

·       Attractive Rental Income

Undoubtedly, the monthly rental income in Bhubaneswar has witnessed massive growth. A major contributor behind this can be professionals and students looking for spacious and affordable housing options. The availability of well-spaced and low-rent options has also contributed to such a resurgence.

·       Well-Planned and Safe City

Odisha’s capital city is also famous for its amazing urban planning. The city has well-maintained roads, well-organized residential areas, dedicated green spaces, and more. Besides, it is also the safest city in the country. This makes the city appealing to all, including retirees and families. On the other hand, the availability of prestigious universities and education hubs such as AIIMS, XIMB, IIT, and more also boost the attractiveness of Bhubaneswar’s real estate market.

·       Affordability

Bhubaneswar provides people with a lower cost of living, making it an attractive real estate investment destination due to its impressive affordability. Most investors find this city an ideal destination due to good returns and a lower investment requirement.

·       Friendly Real Estate Developmental Policies

The government of Odisha has initiated different policies to promote and support real estate development. The favourable policies, better FDI inflow, etc., are triggering commercial as well as residential growth. On the other hand, the introduction of various satellite townships in places like Patia and Jatni, and the New City Project are set to create more investment opportunities.

·       Lower Level of Competition In The Market

Compared to other cities in India like Chennai, Kolkata, Mumbai or Jaipur, the real estate market of Bhubaneswar witnesses a lower level of competition. As a result, investors and consumers get different options along with attractive deals. You will enjoy competitive pricing while buying a property.

Some Steps To Consider While Investing in Bhubaneswar’s Real Estate

• Understand your expenses and budget
• Shortlist some properties considering your requirements
• Check the properties by visiting in person
• Carry out a detailed background check
• Collect all the required documents (approval, registration, etc.)
• Complete your registration process

Final Words

The real estate market in Bhubaneswar is rising at a higher rate, offering attractive and steady investment opportunities. With easy EMI processes, lower average rates, and future evolution, the city has become an unquestionable destination for homebuyers. So, if you are thinking of buying a property, explore the real estate landscape of Bhubaneswar. Do you need an expert’s help in this? Let Real Estate Odisha guide you in the right direction. Choose us and get ready to accelerate your property investment portfolio.