Luxury House/Villas in Bhubaneswar

While plans are underway to get on-board the National Building Construction Corporation to efficiently manage seized properties of defaulters, the state-run firm has also unveiled its plan to lend a helping hand to the government in meeting its housing-for-all-by-2022 target. Media reports say the NBCC plans to build over one lakh affordable housing units across major states of the country in the next five years. The total cost of carrying out the project is pegged at Rs 10,000 crore. The company might start work on such projects this year itself.

The government has added nine names in its smart cities list. These cities are Biharsharif (Bihar), Diu (Daman & Diu), Erode (Tamil Nadu), Itanagar (Arunachal Pradesh), Kavaratti (Lakshwadeep) and Bareilly, Moradabad & Saharanpur (Uttar Pradesh). The list now has a total 99 cities to be developed as smart ones. As the government has selected the cities that are to be developed as smart cities, a key part of the job is done. From hereon, plans made on paper would begin to take shape, and it would be all about implementation.

While living in a big city has many perks, small cities have their own charm. If you are confused about which one to go for while making a real estate investment, you have to ask yourself certain generic and personal questions. Are you looking for a property with an aim to invest or simply to live in? Are you happy with the hustle-bustle of the big city life or are you looking for a quite place to spend the rest of your life? Depending on the answers to these questions, make your choice.

The Canadian Institute of Planners recently awarded Bhubaneswar for its smart city strategy. Also, the city is soon going to get its own World Trade Centre. These and other developments seem to set Bhubaneswar apart as the next real estate boom town.

There were about 473 million skilled, semi-skilled and unskilled construction workers in India in 2011-12, according to a report by the International Labour Organization. To safeguard their interests, various states offer them benefits that include accident compensations, hospitalisation expenses, maternity care, pension scheme, educational support for children, etc.