Upcoming Realty in Berhampur, Orissa - Best time to buy land/plots

Gopalpur SeaportThe City: Berhampur is located in India’s Eastern Coastline in the State of Orissa. It is one of the biggest cities of Orissa and is famous for its silks. A major commercial town of the district of Ganjam, is a convenient base point from where a tourist can plan his visit to various places of interest in the area. By road Berhampur is on the National Highway No. 5 and by rail it is on the Kolkata - Chennai route. It the third most populous urban area in Orissa and 113th overall in India. Tourist Spots in Berhampur are Chilika Lake (Around Berhampur) Pati - Sonapur Beach (Berhampur) Satapada (Around Berhampur) etc..

Recent Socio-economic Trends and Events:
Gopalpur Sea Port Work Starting Soon
Upcoming Software Technology Park
Rise in Population and Apartment Culture

These events are triggering more interest in real estate activities. Some property agents are trying to mint money by selling land and plots in unauthorised layouts.

In fact, the prices has already started increasing since announcement of Tata Steel project in 2000, Apartments in Berhampur being sold at Rs.900 to Rs.1100 per sq.ft. With space becoming scarce and work on to make Gopalpur Port operational by early next year, real estate prices have started zooming up. Several layouts approved by Berhampur Development Authority (BDA) are being developed towards Ambapua, Dura Junction, Pothara and Kalinga Hihar, close to the national highway and Gopalpur/Berhampur. Some property agents are also making a fast buck by selling plots in unauthorised layouts.

Price Ups and Downs: The sq.ft. price of the plots at SBI colony, Medical college area, Neelakantha Nagar and Khodasingi, which used to be Rs.60 went upto Rs.150 after the announcement of Tata Steel project in 2000, have gone up manifold in the past few months. There was slump in the prices with no progress in grounding of any mega project in the region. However, with the launching of work by Gopalpur Ports Limited, a consortium formed by Orissa Stevedores Limited Noble Group and Sara International, prices are skyrocketing. Now in the same area, plots are being sold at the rate of Rs.200 to Rs.300. In developed areas like Gandhinagar, Premnagar, Courtpeta and Hillpatna, sites are being sold at Rs.500 to Rs.700 per sq.ft.

BDA sold some sites and houses at Ambapua in 2001 by developing a layout. This led to a boom in real estate business in and around Khodasingi area. Plots were first sold at Neelkanthanagar about 15 years ago at the rate of Rs.30 to Rs.40 per sq.ft.

Builder Apartments: With land in the city unaffordable for many, plots are being sold in BDA approved layouts on the city outskirts in and around Ambapua and Jagannathpur at Rs. 120 to Rs. 400 per sft depending on their location. Apartment culture is also picking up slowly. Taking advantage of the boom-time many realtors are developing independent duplex houses with basic amenities like drainage, street lights and water supply.

In layouts close to Aska Road and Gate Bazar, a 3BR Houses are being sold for Rs. 18 lakh with a plot area of 1800 sq.ft. and built-up area of 2100 sq.ft. Four-bedroom houses with a built-up area of 2300 are being sold at Rs. 19.5 lakh. Apartments in the city are being sold at Rs.900 to Rs. 1100 per sq.ft.

One of reputed realtors selling authorised land, plots, houses and apartments in this region and who has provided us many inputs on the market conditions there is S K Realtors. They presently have many properties in some rapidly growing locations in this region.

Source: realestatetimes.in

Popularity: 10% [?]

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11 Responses to “Upcoming Realty in Berhampur, Orissa - Best time to buy land/plots”

  1. 1 Viswanath Jun 9th, 2007 at 7:29 am

    Berhampur city in the Orissa province of India is fast emerging as a modern city in the eastern region of the country. Its great business culture, modest climate, excellent human resource and good trasport infrastructure has put the city amongest the fastest growing cities of India. The up-coming STPI, IT Park, Special Economic Zone, Mega Port and a number of retail outlets, eateries and multiplexes a large number of educational institutions uniquely place this city as an attractive investment destination.

  2. 2 ritu Sep 6th, 2007 at 3:51 am

    Can you tell me more details about the IT Park,STPI…..HW AMNY SQ.FT?AND WHEN IS IT COMING UP?

    The up-coming STPI, IT Park, Special Economic Zone, Mega Port and a number of retail outlets, eateries and multiplexes and educational institutions ?????

  3. 3 viswanath Nov 16th, 2007 at 2:38 am

    Expanding its business portfolio, the Kolkata-based Saraf Group, promoters of Forum Mart shopping malls, has now decided to set up a titanium plant at Chhatrapur in Ganjam district.

    The plant will be set up over 600 acres of land at an investment of Rs 2,000 crore in collaboration with the Russian Government. Production is likely to start by 2009- end.

    This was disclosed by Saraf Group chairman S M Shroff while talking to mediapersons here on Tuesday. He said the project had received approval of the State Government and an MoU would be signed soon. The company had already acquired 200 acres.

    He also announced setting up of two more shopping malls in the State, buoyed by the success of Forum Mart here. Both the malls - to come up in the Capital city and in Berhampur, would also have four-screen multiplex. The projects are likely to be completed by 2009-end.

    Berhampur Development Authority (BDA) has signed a memorandum of understanding with Kolkata based real estate company, Forum Private Limited, for construction of a Rs 95.78 crore integrated commercial-cum-residential complex here.

    The complex, which will come up under the banner of Gajapati Plaza on a 5 acre plot, will be built on the model of Public Private Partnership (PPP).

    Facilities like shopping malls, hotel and entertainment arcade will be provided in the complex, said Sarat Ranjan Patnaik, chairman of BDA.

    The executive committee of BDA approved the project on Wednesday and decided to send the proposal to the government for final approval.

    According to the proposal, BDA will provide the land to the real estate company on 75 years lease for construction of the complex and will manage it after completion.

    … Forum was selected to construct Gajapati Plaza through competitive bidding. BDA had floated tender inviting applications from the companies for construction of the proposed project. While 14 applications were received, only four were selected for pre-qualification bid. Of them only two were in the final bid and Forum was awarded the tender.

    Forum, promoted by the Sarafs of Kolkata, had earlier constructed the Forum Mart in Bhubaneswar.

    Sarafs were working on a project to set up a titanium dioxide plant near Chhatrapur in Ganjam district.

    “The face of the Berhampur will change when the Gajapati Plaza constructed at the Corporation Road, on the side of National Highway 217 in the heart of the city comes up?, he said.

    BDA has approved a proposal for construction of Vivek Vihar Phase II, residential housing project and a bypass from Gokarneswar temple to All India Radio office in Berhampur.

    According to Patnaik, the housing project would cost about Rs 7.50 crore and would come up over 29 acres at Ambapua at the outskirt of the city. About 100 houses of different categories would be constructed.

    The price of the houses would range between Rs 2.81 lakh and Rs 16.34 lakh depending on type.

    “We decided to construct the housing project from our own fund?, he said.

    BDA has decided to construct 600m by-pass from Gokarneswar temple to AIR office at a cost of Rs 1.69 crore to solve the acute traffic problem in Gate Bazar area here.

    This seasonal port work which was earlier managed by the State Government was entrusted to OSL last year to be developed into a full fledged, all weather port by OSL, on a build own operate share transfer (BOOST) basis for a concession period of 30 years.While the minor Gopalpur port was spread over 282.755 acres the planned all weather port will come up on 513.786 acres. As per the notification by the State Government the district administration has already initiated measures to hand over land to OSL besides leasing out some stone quarries.

    As per the initial plans, the port would be developed in two phases at Rs 720 crore. The first phase of the project would involve upgradation and rehabilitation of the existing minor port at Rs 20 crore.

    Phase II involves an investment of Rs 700 crore for the development of the port into an all-weather one. On completion of 30 years, the developed port will be handed over to the State Government. However, the private operator would also have to share its gross revenue with the State Government.?

  4. 4 P. K. RATH Feb 8th, 2010 at 5:32 am

    I want to purchase a residential plot near hilpatna. My budget is up to 5.00 lacs. After that I have to construct the house. My contact no. is 09923850823 & 09970314550.

  5. 5 JUGALKISHOR MISRA Feb 28th, 2010 at 1:48 am

    I want to buy a house in or outskirt of Behampur city . East facing 3BHK BDA approved house reqd. Budget 18lakhs. Pl. contact on 09967011332

    Jugalkishor Misra

  6. 6 sam Mar 15th, 2010 at 3:37 pm

    I want to buy agriculture land for future purpose. budget is 15 lakh. mail me (simanchalcharchi@gmail.com)

  7. 7 shanker lal sankhla Apr 15th, 2010 at 5:56 am

    i want to purchase a residental plot and agricultur land in berhampur area.
    call me 09238387212,9937497212

  8. 8 Daini ramesh patro Apr 23rd, 2010 at 2:49 am

    I am looking for 800 to 1000 square feet shop in commercial location in berhampur orissa. please advice me.

    Thank you

  9. 9 Patro Kishore May 22nd, 2010 at 7:45 am

    Iam looking 550 square feet residantal plot land in berhampur area Call me 09664452905

  10. 10 shreyan gupta Jun 12th, 2010 at 9:34 am

    I want to buy a house in Berhampur with a Budget Rs10-12Lacs.Please mail me.

  11. 11 milirani behera Jul 16th, 2010 at 11:24 pm

    i want a bda plot or a house of housing board project which will be approved by sbi home loan scheme.contact me with my no-06853222000

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