Prisita Das 
From constructing the Pepsi and Bisleri plants in Jagatpur during the mid-90s to reshaping Bhubaneswar’s skyline, the veteran developer has witnessed the complete evolution of Odisha’s infrastructure. Entering the real estate market in 2001 with the Radharani Tower, back when the sector was in its infancy, he has seen the industry grow into a massive economic engine. His journey reflects the broader transformation of the state, moving from industrial foundations to a modern, urbanized society.
He champions the shift from independent houses to apartments as a necessary evolution for Bhubaneswar. Drawing parallels to global hubs like Singapore, he argues that vertical growth is the most efficient way forward. “The future is vertical, not horizontal,” he explains, noting that while a private house on a plot might cost the same as an apartment, it lacks the integrated ecosystem. For him, the value of apartment living lies in the community safety net—offering 24×7 security and immediate maintenance support that standalone homes simply cannot match.
This modernization is supported by Bhubaneswar’s emergence as a premier hub for health and education. He highlights that the city’s robust network of hospitals and major universities, such as KIIT and SOA, has become a magnet for families across the region. Unlike Puri, which he views primarily as a tourism and weekend destination, or Berhampur, which relies on local sentiment, Bhubaneswar attracts a diverse population seeking long-term stability and high-quality infrastructure.
Looking toward the future, he emphasizes the importance of regulatory clarity to keep this momentum going. He advocates for a smoother alignment between central frameworks like RERA and the local Odisha Apartment Ownership Act. By harmonizing these policies and streamlining the transfer of land rights and carpet area sales, he believes the state can unlock even greater value for homebuyers. For the industry to thrive, he suggests that policy mechanisms regarding stamp duty and registration need to be accessible and transparent, ensuring a seamless experience for all stakeholders.
Ultimately, he sees a symbiotic relationship between real estate and industrial growth. Drawing on the success stories of states like Gujarat, he notes that while the housing sector is currently a top contributor to the economy, sustainable long-term demand relies on job creation. He views the next phase of Odisha’s development as one where industrialization catches up with urbanization. By fostering an environment that welcomes new industries and creates employment, the state can ensure that its expanding housing market is met with a prosperous, empowered workforce ready to invest in the future.
