Bhubaneswar: The capital city is witnessing a significant transformation in its real estate landscape with developers offering customised, ready-to-move-in luxury apartments to discerning homebuyers. Industry experts attributed the trend to increasing disposable incomes and a growing desire among professionals to return to their home state.
Several premium residential projects, also referred as ‘boutique real estate‘, are currently under development in prime locations, including Saheed Nagar, Kalinga Nagar and Patia.
The new development addresses a crucial market gap — the traditional practice of delivering bare shell properties that require comprehensive work before occupants can move in.
“Homebuyers were used to receiving unfinished apartments, investing additional time and money to make their new space liveable. However, things are changing right now, especially in Bhubaneswar, where the luxury segment is on the rise,” said Umesh Pattnaik, secretary of Credai Bhubaneswar.
The boutique residences come equipped with high-end features such as modular kitchens, built-in wardrobes, premium marble flooring and sophisticated wall panelling. The ready-to-move-in concept allows homeowners to simply bring their furniture and start living immediately.
Pattnaik said that the demand and requirement of flat buyers changed after the Covid-19 pandemic. “Homebuyers now seek larger apartments for the comfort of working from home and other things, and developers are rightly focusing in that direction,” he said.
Beyond individual units, developers are creating comprehensive lifestyle experiences with world-class amenities. These include multi-purpose games courts, landscaped gardens, yoga and meditation areas, indoor gyms, wellness zones, libraries, music rooms and dedicated children’s play areas.
“Developers nowadays are committed to revolutionising home ownership by creating apartments that reflect the real needs of modern residents, not just standard buildings,” explains Sangram Nayak, a city-based real estate developer.
He emphasised that their focus was on creating environments where homebuyers can truly thrive, supported by values of transparency, empathy and foresight. “The 4.5-BHK boutique residences and more larger apartments are in high demand now,” he said.
Moreover, security features are prominently found in these residences, with state-of-the-art systems ensuring peace of mind for occupants. The new boutique homes aim to elevate expectations by seamlessly integrating luxury, convenience and functionality.
As the city continues to grow and attract professionals from various sectors, the boutique real estate trend is expected to set new standards in residential living.