Bhubaneswar’s real estate market is witnessing renewed interest with the proposal of a 100-acre IT park in Chandaka. The announcement has triggered a notable 20% increase in residential inquiries in the surrounding areas, highlighting a shift in buyer sentiment driven by employment prospects and urban development.
The proposed IT park is expected to attract several national and international tech companies, positioning Chandaka as a key IT and innovation corridor. This development is reshaping the housing demand in the area, especially for mid-range 2–3 BHK apartments, catering to the expected influx of professionals and tech employees.
Buyers are increasingly exploring options in Chandaka and nearby localities, drawn by the potential for appreciation in property values and improved social infrastructure. The area’s proximity to Bhubaneswar’s major roadways and upcoming metro lines adds to its attractiveness.
Real estate agents and developers are reporting an uptick in interest, with more buyers looking at both under-construction and ready-to-move-in projects. The IT park’s potential to become a long-term economic and employment hub is prompting many to consider early investments in Chandaka’s housing market.
This trend signifies a broader shift in Bhubaneswar’s urban planning, where focused tech development is shaping new residential micro-markets.
