Oriom Group Enters Odisha's Real Estate Market with Oriom Realty

Bhubaneswar: Oriom Group, a diversified industrial conglomerate based in Odisha, has announced the launch of Oriom Realty, its real estate vertical. The company aims to develop premium residential, retail, commercial, hospitality, and mixed-use projects across Odisha, starting with Bhubaneswar and other emerging growth corridors in the State.

Oriom Group, headquartered in Bhubaneswar, has a workforce of over 3000 employees and operations in multiple industrial facilities across eastern India. The company has a long-term commitment to Odisha's economic and urban growth, having participated in building the State's industrial economy over the past 21 years.

The launch of Oriom Realty marks a significant milestone in the Group's journey, as it seeks to contribute beyond industrial development by creating sustainable communities, thoughtfully designed urban spaces, and long-term value for residents, businesses, and investors.

Oriom Realty will leverage the institutional strength, engineering expertise, and governance practices of its parent organization to develop thoughtfully planned residential communities, premium commercial assets, retail, hospitality, and mixed-use developments that combine superior construction quality, sustainable design, modern technology, transparent and committed customer engagement.

Mr. Deepak Agrawal, Director of Oriom Group, said, "From last 21 years, Oriom Group has participated in building Odisha’s industrial economy. Today, we believe the State is entering its next defining growth cycle where industrial development will naturally create demand for modern cities, vibrant communities and quality real estate. Oriom Realty is not merely a diversification; it is a strategic long-term commitment to participate in building the urban infrastructure of a stronger, more prosperous and aspirational Odisha."

He added, "Being ‘built in Odisha and for Odisha’ gives us a unique understanding of the State’s aspirations. Our objective extends beyond constructing buildings. We aspire to create urban modern landmarks where families aspire to live and thrive, businesses choose to establish themselves and investors create enduring value."

Mr. Rajesh Agrawal – Founder and Director, Oriom Group, said, "The launch of Oriom Realty represents the natural progression of our enterprise. Having successfully built industrial assets across Steel and Power, Chemicals and Refractories with our engineering capability, financial discipline and project execution expertise. We see a compelling long-term opportunity emerging in Odisha as infrastructure investments, manufacturing expansion, rising incomes and urbanisation continue to drive demand for premium residential and commercial developments."

Mr. Anil Kedia, Director of Oriom Group said, "As Odisha strengthens its position as one of India’s leading investment destinations, Oriom Realty will contribute by developing future-ready communities that will set the benchmark for modern living and embed world-class infrastructure."

Oriom Group’s expansion into real estate is underpinned by Odisha’s strong macro-economic fundamentals. The State’s long-term development roadmap, including Vision 2036 and Vision 2047, identifies urbanisation, industrial competitiveness, logistics and regional economic corridors as key growth drivers. At the same time, sustained investments in highways, airports, ports, rail connectivity and urban infrastructure are reshaping Odisha into one of India’s fastest-growing investment destinations. Further, the smart city of Bhubaneswar is emerging as Eastern India’s knowledge and investment capital. Remarkably, with urbanisation currently at approximately 17%, the state aims to reach 40% by 2036 and 60% by 2047. To keep up with the pace, Oriom Group seeks to contribute beyond industrial development by creating sustainable communities, thoughtfully designed urban spaces, and long-term value for residents, businesses, and investors through Oriom Realty.

Oriom Realty will leverage the institutional strength, engineering expertise and governance practices of its parent organization to develop thoughtfully planned residential communities, premium commercial assets, retail, hospitality and mixed-use developments that combine superior construction quality, sustainable design, modern technology, transparent and committed customer engagement. With Oriom Realty, the Group is extending its contribution from building Odisha’s industries to building the cities that will power the state’s next phase of economic growth.

The Group has also indicated that its initial projects will focus on integrated townships in Bhubaneswar’s peripheral growth zones, including areas along the Cuttack-Bhubaneswar corridor and near upcoming IT and education hubs. These developments are expected to incorporate green building standards, rainwater harvesting, solar energy integration, and waste management systems aligned with national sustainability benchmarks.

Industry analysts note that Oriom Realty’s entry comes at a time when Odisha’s real estate sector is witnessing increased interest from both domestic and international investors, driven by improving ease of doing business, policy incentives for manufacturing, and the state’s strategic location linking eastern and southern India. The company’s industrial background is seen as a differentiator, enabling it to handle large-scale infrastructure requirements with precision and efficiency.

Oriom Group’s earlier foray into housing in Jharsuguda in 2007, which delivered four multi-storey residential complexes, is cited as a foundational experience that informed the design and execution philosophy of Oriom Realty. Those projects were noted for their timely completion, structural quality, and resident satisfaction during a period of rapid urban expansion in the industrial hub.

The company has emphasized that its approach will prioritize long-term value creation over short-term gains, with a focus on community-centric planning, accessibility, and integration with public transport networks. Oriom Realty aims to collaborate with urban local bodies and development authorities to ensure its projects align with master plans and contribute to orderly urban growth.

As Odisha continues to attract investments in sectors such as steel, aluminium, downstream petrochemicals, and renewable energy, the demand for quality housing and commercial spaces near industrial clusters is expected to rise. Oriom Realty positions itself to meet this demand through phased development, starting with pilot projects in Bhubaneswar before expanding to other tier-2 and tier-3 cities showing strong growth momentum.

The launch was attended by senior officials from the Housing and Urban Development Department, representatives from Bhubaneswar Municipal Corporation, and leaders from industry associations such as CII Odisha and FICCI Odisha State Council, who welcomed the move as a positive step toward strengthening the state’s urban ecosystem.

Oriom Realty has stated that it will adopt a transparent sales and customer engagement model, including regular project updates, dedicated grievance redressal mechanisms, and digital platforms for virtual site tours and documentation access, aiming to build trust in a sector where credibility remains critical.

With this launch, Oriom Group signals its intent to evolve from a pure-play industrial conglomerate to a holistic contributor to Odisha’s socio-economic transformation, leveraging its legacy of engineering excellence and operational discipline to shape the built environment of the state’s future.