Cuttack is the second-largest city of Odisha. It is also the former capital of Odisha. It is commonly known as the commercial capital of Odisha with a large number of business and trading houses located in and around the city. Famous for its silver filigree work, Cuttack is also known as the Silver City. Know more about the city in this article.
The Cuttack real estate market has proven to be stable and resilient in recent times. The property prices remained stable in the year 2013. Thanks to the excellent infrastructure, the real estate market in Cuttack always attracts demand, especially from industries, IT companies, and foreign firms
More specifically, demand is more for Cuttack apartments in the price range of Rs. 30 to Rs. 40 lakh and villas in the price range of Rs. 40 to Rs. 75 lakh.
The city of Cuttack is situated at the top of the delta of the Mahanadi River. It is about 28 km north of the capital of Orissa, Bhubaneswar. The city is also the second-largest hub for textiles in eastern India, after Raipur. Believed to have the largest GDP among all cities in Odisha, Cuttack is home to large business houses and a wide array of industries ranging from steel, ferrous alloys, and logistics to agriculture, textiles, and handicrafts.
Besides several industries, Cuttack is also home to many educational institutes, sports facilities, and the famous Oriya Film Industry. Along with Bhubaneshwar, Cuttack has become a real estate hotspot especially because of its strategic importance in the economy of Odisha.
The district of Cuttack comprises a wide range of industries ranging from steel, ferrous alloys, and logistics to agriculture, textiles, and handicrafts. Currently, there are 11 large-scale industries in and around Cuttack including steel, alloys, fireclay, power, automobile, and so on. The country's largest producer of ferrous alloys, Indian Metals & Ferro Alloys (IMFA) is located at Choudwar, Cuttack
The city is also home to traditional industries like textiles and handicrafts. Agro-based industries in Cuttack are involved in the production of crops, vegetables, and fruits. Cuttack also has two of the biggest wholesale commodity markets of the state, at Malgodown and Chatrabazaar, catering to the entire state.
Cuttack has a well-developed transport infrastructure, especially fuelled by the presence of a large industrial base. Rising exports of mineral and metallurgical products have urged national logistic companies to open their branches in the transport centers of the district.
The Cuttack Development Authority (CDA) has been formulated to ensure that there is a systematic development of the areas under its jurisdiction with a constant focus on infrastructure facilities.
Education and healthcare services in Cuttack are also quite remarkable. The city has a whole array of schools, colleges, and universities located here. Some of the famous schools and universities in the city are Secondary Board High School (SBHS), Ravenshaw Collegiate School, Stewart School, Ravenshaw University, Kendriya Vidyalaya, and National Law University. The same can be said about the healthcare and research facilities in this region.
The nearest airport to Cuttack, the Biju Patnaik Airport, is located in the state capital of Bhubaneswar. Through Bhubaneswar, it is connected by air to major cities like Delhi, Kolkata, Chennai, Mumbai, Visakhapatnam, Nagpur, and Hyderabad. The city also has one of the largest bus terminuses in India, with thousands of government and private buses plying to hundreds of destinations every day.
Situated on the Howrah-Chennai mainline of the East Coast Railway, the Cuttack Railway Station is important. Owing to this Cuttack enjoys a good rail link to all parts of the country especially for the transportation of industrial cargo as well as passenger service through super-fast express trains.
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