Now Reading: BDA flats in Bhubaneswar cost more than Delhi, Mumbai govt housing
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BDA flats in Bhubaneswar cost more than Delhi, Mumbai govt housing
The Bhubaneswar Development Authority's Ekamra Residency project in Subudhipur has priced its 2BHK flats between Rs 78.36 lakh and Rs 79.94 lakh, with 2BHK-plus-study units costing Rs 94.9 lakh to Rs 96.82…
The Bhubaneswar Development Authority's Ekamra Residency project in Subudhipur has priced its 2BHK flats between Rs 78.36 lakh and Rs 79.94 lakh, with 2BHK-plus-study units costing Rs 94.9 lakh to Rs 96.82 lakh, excluding registration charges. A comparison with government housing in major metros shows that the Delhi Development Authority offers MIG homes between Rs 40-75 lakh, MHADA in Maharashtra between Rs 45-75 lakh, and CIDCO between Rs 40-80 lakh.
BDA officials said the project offers 704 flats with amenities including a rooftop swimming pool, gym, and CCTV surveillance, designed as a lifestyle-focused development. Real estate experts attributed the higher pricing to rising land values, while prospective buyers flagged affordability concerns. Online applications for the project opened on September 18.
Indian Opinion Analysis
The comparison with DDA, MHADA and CIDCO highlights how even affordable housing schemes in smaller cities can exceed metropolitan benchmarks when projects are positioned as premium. BDA's pricing places the Ekamra units above the Rs 80 lakh cap that many central schemes use to define affordable housing, potentially disqualifying buyers from subsidies under the Pradhan Mantri Awas Yojana. The 704 flats are a significant addition to Bhubaneswar's supply, but whether demand materialises at these rates will be tested once the application window closes and the first allotment list is published.
The Odisha Real Estate Regulatory Authority will also have to register the project if it has not done so, which would mandate quarterly progress updates and give buyers a formal grievance route.
Source: odishatv.in
This brief was synthesised by AI from the source linked above.
