Interview Times 
The cost of the property between Nandankanan and Trisulia, where the planned line is expected to go, has doubled since the Bhubaneswar Metro Rail project was announced. Developers stated that costs had increased by 25% to 50%, depending on the area.
According to realtors, the price of land has increased this year from between Rs 3,000 and Rs 4,000 per square foot to Rs 5,000/sqft. Costs can increase once work really begins. Land broker Jyoti Parida stated, “The announcement has made an impact, but the location of the metro line is not finalised.”
The value of land next to the road has increased dramatically in recent months, according to Parida. “Currently, land that is somewhat off the main road but has decent approach roads costs about Rs 3,000 per square foot. Last year, the cost was almost Rs 2,000,” he said.
Apartments on this side of the city, many of which are still under construction, may see price increases as well. According to real estate watcher Bimalendu Pradhan, “a number of developers are waiting to advertise their projects with the proximity to metro rail.”
Developers, according to Pradhan, “obviously practise” advertising projects with the distance from the airport, train station and metro rail.
As for the place, they are waiting. When it’s finished, they’ll appropriately promote their projects,” he stated. According to Pradhan, another factor driving up the cost of land and real estate on this side of the city is the floor area ratio, which is now 7.0 in the city area. According to urban designer Piyush Rout, the cost of land in a certain location rises anytime an infrastructure project is announced.
“The area’s value has already increased, even though the metro project may take some time to finish,” he stated. The price of property between Raghunathpur to Trisulia would rise by 15% to 20% in the upcoming days owing to the metro project, according to developer Subrat Ranjan Panda, MD of Intellex Strategic Management Pvt Ltd.
