Now Reading: Oriom Group enters real estate with Oriom Realty brand
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Oriom Group enters real estate with Oriom Realty brand
Odisha-based industrial conglomerate Oriom Group has launched a new real estate vertical, Oriom Realty, to develop residential, retail, commercial, hospitality and mixed-use projects across the state. The initial focus will be on…
The Story in Brief
Odisha-based industrial conglomerate Oriom Group has launched a new real estate vertical, Oriom Realty, to develop residential, retail, commercial, hospitality and mixed-use projects across the state. The initial focus will be on Bhubaneswar and other emerging growth corridors, company officials said.
The group, which has completed 21 years of operations and employs over 3,000 people, already has businesses in steel, power, specialty chemicals and refractories. Founder Rajesh Agrawal called the move a natural progression after two decades of building industrial assets. Director Deepak Agrawal said Odisha's industrial growth will drive demand for modern cities and quality real estate.
The Indian Opinion
Every industrial group eventually eyes real estate, and Oriom's move is no surprise given its two-decade track record. But the narrative that industrial growth automatically creates a booming property market can be one-sided. Odisha's urban centres have seen past cycles of hype and oversupply. The real test will be whether Oriom Realty can deliver projects that match the state's actual housing and commercial needs, not just ride the growth story. Watch for first project launch timelines and sales transparency.
Source: newindianexpress.com
This story was synthesised by AI from the source linked above.
