Bhubaneswar Development Authority Starts Allocation of Homes

Allocation of 1,200+ units in three Bhubaneswar affordable housing projects

In the second phase of affordable housing projects in the city, more than 600 beneficiaries were given keys to their dream homes, bringing the total number of beneficiaries to 1,290 since the inauguration of the projects.

It was reported by officials that in the first phase of allotment, the Bhubaneswar Development Authority (BDA), which had executed the housing projects for the urban poor at Chandrasekharpur, Satya Nagar, and Subuddhipur, had handed over the keys of homes to 659 beneficiaries.

In the subsequent phase, 631 more beneficiaries received their houses, officials sta..

Bhubaneswar Gears Up for Comprehensive Development

Bhubaneswar, the capital city of Odisha, is set to undergo a monumental transformation as the Bhubaneswar Development Authority (BDA) takes a significant step towards progress. The authority has unveiled plans to acquire a sprawling 1,845-acre private land for a comprehensive City Development Project (CDP). This ambitious venture aims to redefine the city's landscape, fostering sustainable growth and modern amenities.

The proposed project, highlighted in The New Indian Express, outlines a strategic approach to urban development. The 1,845-acre expanse earmarked for acquisition reflects..

BDA seeks fee exemption for Ghatikia Affordable Housing Project

In a positive development for the Bhubaneswar Development Authority (BDA), the housing and urban development department has officially requested the Odisha Real Estate Regulatory Authority (ORERA) to grant an exemption from registration fees for an affordable housing project located in Ghatikia.

Director (Housing) Debasish Singh, in a letter addressed to the Chairman of ORERA, stated that the BDA has already submitted the necessary application along with all required documents seeking exemption from both registration and late registration fees for the said project. Singh mentioned that..

Brookfield India REIT to Acquire Bharti's Stake in Realty JV

Brookfield India Real Estate Trust (BIRET) is set to acquire nearly 50% stake in a real estate joint venture with Bharti Enterprises. This joint venture, Rostrum Realty Private Limited, includes properties across Delhi-NCR. The transaction is valued at approximately ?6,000 crores. Last year, Brookfield Asset Management already acquired a similar stake in four Bharti commercial properties.

With this acquisition, Brookfield?s REIT in India and Brookfield Asset Management will collectively control Rostrum Realty. This move is part of Brookfield's strategy to expand its real estate portfoli..

DLF Ventures into Mumbai, Goa with Luxury Homes This Year

DLF, India's leading real estate developer, is set to enter the luxury housing markets of Mumbai and Goa by the end of this financial year. The company plans to introduce high-end residential projects, marking its first significant ventures in these regions.

In Mumbai, DLF will launch a premium condominium project in Andheri, featuring luxury apartments priced between ?6 crore and ?8 crore. This development signifies DLF's re-entry into Mumbai's real estate market after a long hiatus. The project aims to cater to the burgeoning demand for luxury homes in India's financial capital.