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Electronics Manufacturing Cluster, Bhubaneswar

Project Location: Harapur and Durgapur village, is situated on the outskirts of Bhubaneswar and is just 23 kms from Bhubaneswar Airport

Area of the Project: 216 acre

Approx. Project Cost: INR 745 crore

The project will be developed over 216 acres of land and will accommodate around 100 electronics products and components manufacturing units.

The project is part of an integrated township with walk-to-work concept.

The project is surrounded by a well-developed IT and software ecosystem led by leading IT players in the country including Infosys, Tata Consultancy Services , Wipro etc.

The project is planned to have 150 acre of fully developed plots ranging from 0.5 to 5 acre catering to all sectors of the ESDM ecosystem.

Investment Opportunities: Major opportunities include manufacturing of Electronic Products, Electronic components, Semiconductor

Tax on unsold houses:

The Income Tax Department (IT) has decided to tax, unsold houses on the market, as rental income. The tax will be irrespective of whether the builders have rented out the flats or kept them vacant.

World Real Estate Congress:

FIABCI 66th World Real Estate Congress, being held in Kuala Lumpur, Malaysia from the26-31st of May 2015. The early bird registration deadline expires on 31st March 2015. The FIABCI World Congress theme will focus on "Urbanization".

Appraisal form for green buildings:

KOLKATA: The state urban development department has drafted a self-appraisal form to determine how green a building is. Before placing the final draft before the Cabinet, the department will hold a consultation workshop with developers, architects, Indian Green Building Council .

Idco spends Rs 72 crore on Infovalley Project:

The Odisha Industrial Infrastructure Development Corporation (Idco) has spent Rs 41.32 crore towards land acquisition and Rs 30.30 crore for infrastructure development on the Infovalley project.

Sahara Group going to sell Rs 1,200 crore land:

Sahara group is believed to be selling a Large Land parcel for over Rs 1,200 crore to Realty firm M3M India Ltd, Gurgaon.

BDA makes 1000-acre infra plan:

The Bhubaneswar Development Authority (BDA) has announced it will prepare a Master Plan for a 1000-Acre Government plot in the city soon

The new office-bearers of "Credai-Odisha" were Elected:

The State Chapter of the Confederation of Real Estate Developers’ Association of India (Credai-Odisha) selected "Mr. Dillip Kumar Patra" of Narayan Agencies & Estate Pvt. Ltd.  as its new President and "Mr. Sangram Keshari Sahoo " of G.S.Infraprojects & Properties Pvt.Ltd.  as the new General Secretary.


REDAI-Odisha Proposes to Build Affordable Housing Units:

The Confederation of Real Estate Developers’ Association of India (CREDAI), Odisha chapter has proposed to build about 5000 affordable housing units in Bhubaneswar.


Estate Market need Qualified Professional:

Real Estate, in India makes enormous contributions to development of Economy, National Growth and GDP. Real Estate has forward and backward linkages with over One Hundred and Sixty Five Industries. This is the Largest Employment generator after Agriculture. In spite of such significant contributions of the industry, it has always remained a much DISORGANIZED Sector.

While building materials, construction equipment, finance and Builders segment of the industry fairly improved their business practices and degree of professionalism, Real Estate Transaction processes continue to remain backward and full of malpractices demanding an URGENT need of REFORMS.

Indian Market is becoming MATURED and Education is the ONLY Differentiators between a Normal Professional and Qualified Professional.


Business Skills:

NAR – INDIA is committed to provide value to its members. Proving Education Opportunity to all its members in order to enhance their business skills and to promote professionalism in the field of Real Estate

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