Real Estate Properties in Cuttack

Cuttack is the second-largest city and former capital of the Indian state 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.

Geographically, the city of Cuttack is situated at the apex of the Mahanadi River Delta and 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.

Stats and Facts

• The population of Cuttack, as per the provisional reports of the 2011 census, is 6,06,007. The urban/metropolitan population, on the other hand, is 6,58,986
• As per the census 2011 reports, Cuttack has a near-ideal sex ratio of 997 per 1000 males. The child sex ratio, however, is 916 per 1000 boys
• The same reports indicate an impressive average literacy rate in the city, at 91.17%
• The city of Cuttack is also referred to as the Millennium City and the Silver City
• The official language of Cuttack is Oriya. Other widely spoken languages include Hindi and English
• The city is famous for its Dussera festival celebrations
• · The city of Cuttack experiences a tropical wet and dry climate. The hottest month in Cuttack is May with temperatures reaching a maximum of 40°C

Economy and Industrial Profile

• 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 along with a number of medium and small scale industries
• 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

Connectivity

• 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
• Cuttack is covered by an extensive network of roads. A part of the Golden Quadrilateral project, the national highway NH-5 passes through the city and runs from Chennai to Kolkata. 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 an important station. Owing to this Cuttack enjoys good rail link to all parts of the country especially for transportation of industrial cargo as well as passenger service through super-fast express trains

Cuttack Civic Administration

• Administrative headquarters of the Cuttack district, the city of Cuttack is a municipal corporation
• The city has 4 administrative zones and a total of 59 wards. The zones are North, South, East, and West
• The corporation is responsible for the provision of services like construction and maintenance of civic infrastructure, poverty alleviation, sanitation, and disaster management, among others
• A Corporation Commissioner heads the executive wing of the corporation
• There are 21 Police stations in the city, with a Commissioner heading the Police force

Cuttack Infrastructure

Cuttack has a well developed transport infrastructure, especially fuelled by the presence of a large industrial base. Rising exports of mineral and metallurgical products has 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, Kendriya Vidyalaya, Ravenshaw University, and National Law University. The same can be said about the healthcare and research facilities in this region.

Infrastructure Projects

Cuttack Real Estate Market

• 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, according to data revealed by Commonfloor.com

Key Localities in Cuttack

Charges by Different Government Bodies

Property Registration

Stamp Duty: 5% on the market value of the property

Registration Fee: 2% of the property

Central Electricity Supply Utility of Orissa (CESU)

The Central Electricity Supply Utility of Orissa (CESU) is responsible for power generation, distribution, and transmission in the state of Orissa, including in Cuttack.

Electricity Tariff

The Department Of Water Resources, Orissa

The Department of Water Resources is responsible for maintaining the distribution of water supply in the state of Orissa, including in Cuttack.

Water Tariff

Domestic

Deposit: Rs. 3,000

Water Consumption (Rate/Charges)

Monthly Minimum Charge: Rs. 1.50 paise per 1,000 ltrs

Commercial

Deposit: Rs. 5,000

Water Consumption (Rate/Charges)

Monthly Minimum Charge: Rs. 3.50 paise per 1,000 liters