Srusti Elite

By: Shogun Infra Projects Pvt. Ltd in Sundarpada

"Srusti Elite" is a residential apartment project of "M/s. Shogun Infra Projects Pvt. Ltd.". The project is having two numbers of G+5 apartments consisting of 60 nos of 2 & 3-BHK Flats. The price rate per Sq.Ft. Rs.1900/-. The flats are built up with vitrified tile and marble flooring, kitchen counter-granite counter top with stainless sink, hot and cold water provision in toilets with reputed brand sanitary fittings, intelligent security system, ample parking space and power back-up generator etc. The project is located at Sundarapada, one of the developing area of Bhubaneswar. It is surrounded by healthy and pollution free environment with all modern amenities.

Sundarpada is one of the prime localities in the city of Bhubaneswar. Located in the Sundarpada sub-locality of the Khordha district, Sundarpada is a hotspot for residential properties. Surrounded by greenery, this locality is a haven for people who are looking for a quiet, peaceful neighbourhood.

Sundarpada has become a hub for renowned educational institutions, hospitals, residential complexes, and apartments. Due to these reasons and infrastructural development, Sundarpada has managed to draw a lot of people from different parts of the city. This has resulted in a boom in the real estate sector.

The locality has many educational institutions, including the famous Ekramra College, and is very close to Xavier Institute of Management. Sundarpada is also located at close proximity to hospitals like Municipal Hospital, Indira Gandhi Memorial Ayurvedic Medical College and Hospital, and Sanjeevani Medicare Hospital.

Sundarpada and its surrounding localities have witnessed a steady growth in development to become the heart of commercial and residential space. It is surrounded by localities like Lingaraj Nagar, Pokhariput, Old Town, and Kapileswar, which are also good residential and commercial hotspots.

Connectivity and transit points

Located fairly close to NH-5, Sundarpada consists of many locations which are well-connected to many parts of Bhubaneswar such as Pokhariput, Old Town, Dumduma Aerodrome and Pallaspalli. The locality is also connected to other major areas located nearby through specific roads.

The Biju Patnaik International Airport is situated only about 5 km away from Sundarpada, and is easily reachable by BCB (Bhubaneswar City Bus) buses and cabs. The city’s major railway station, Bhubaneswar Railway Station, is located about 7 km away. Other railway stations close to the locality are Lingaraj Temple Road Railway Station and Sarkantra Railway Station. Auto-rickshaws and tempos are also popular modes of transport in this region.

The BCB buses connect Sundarpadato most other areas in the city. Some of the bus stops close to the locality are Samantarapur, Mahaveer Bazar, Garage Square, and New Airport Square.

Major landmarks

Ekramra College

Subhash Riya Residency

Factors for growth in the past

The locality has been witnessing expansion at a decent pace over the last few years due to the increasing demand for land. The upcoming apartments, commercial markets, and recreational centres have added value to this region, making it one of the main localities in Bhubaneswar. Its proximity to the important city centres is another reason for its growth. The widening of roads and the emergence of various builders have given a much needed boost to this locality too.

Residential & Commercial Markets

Sundarpada has a thriving real estate market, more in the residential sector than in the commercial sector. The demand in the mid-income housing segment is gaining swiftly in the last few years.

Residential market trends

Sundarpada is set to be one of the leading residential areas of Bhubaneswar due to the infrastructure development in this region. The majority of properties in Sundarpada are apartments, followed by independent houses.

In the second quarter of 2014, the sale prices for apartments ranged between Rs. 1,900 and Rs 2,200 per sq. ft and rental prices between Rs 5 and Rs 7 per sq. ft. The sale prices of individual houses in Sundarpada , on the other hand, ranged between Rs 2,000 and Rs 2,500 per sq. ft, and rental prices between Rs 6 and Rs 8 per sq. ft.

Commercial market trends

The locality has been witnessing a few pockets of commercial real estate activity, and the demand is growing by the day. The rental prices for commercial office spaces were between Rs 20 and Rs 25 per sq. ft. as per the trends recorded in the first quarter of 2014.

Major challenges

The main challenge the area faces is the lack of planned development. The monsoon season brings with it waterlogging problems due to the lack of proper drainage systems. This, in turn, results in mosquito menace and with it, a host of diseases.

Factors for growth in the future

Sundarpada has been undergoing some major developmental changes. With the rise in residential, and hence commercial activity in thearea, there is no doubt that there will be a lot of development in economic, physical,and social infrastructure.

There are a number of developers who have started constructingapartments and complexes in this region. This increases the realty value for Sundarpada and makes it one of the best places to invest in.