CREDAI Hosts Landmark Meeting in Bhubaneswar, Highlights Odisha’s Rising Real Estate Potential

The very first general body meeting held in Odisha, CREDA, was a fruit of the strenuous efforts the state put into real estate endeavors. This meeting, held in Bhubaneswar, brought together the industry leaders and the policymakers to share their views and discuss topics like affordable housing, ease of doing business and skills development in the construction sector.

The meeting dwelt on the possibilities that the state held for real estate investments. Improving the infrastructure of active governance, the increasing urbanisation is turning Bhubaneswar into a major Tier-II growth hub. Smart city projects and emerging net footprints of the IT industry, coupled with the increasing streamlining of urban connectivity, are changing the face of the capital economically.

Taking this opportunity, the Governor of Odisha, Hari Babu Kambhampati, praised advances in the real estate sector and awarded honors and accolades to top industry contributors. In his keynote address, he outlined a five-point vision stressing skills development and reforestation as the pillars of inclusive, sustainable urban development.

” From a twin city, we now see a vision for a dynamic Tri-City cluster of Bhubaneswar, Cuttack, and Puri, poised to become one of India’s top 50 urban centers,” the governor remarked. He further stressed the growing significance of real estate in the national economy, pointing out that the sector contributes 8.4% to India’s GDP and is second to agriculture in job creation.

With regulatory reforms like RERA in place, the transparency in the sector now stands at more than 95%. By 2030, the expectation is that India will have a real estate sector worth USD 1 trillion, making a near 10% contribution to GDP.

The national leadership of CREDAI assured that India will continue the campaign with Odisha and other states with high potential for making policy and advocacy with the stakeholders. Besides this, CREDAI has also confirmed its emphasis on a regional approach, which is expected to encourage inclusive urban development in eastern India.

This meeting marks a step in bringing Odisha into the limelight as a real estate destination worth watching, where policies, investments, and sustainability converge on a single platform.