Mumbai (Maharashtra) [India], August 10: Oriom Group, a prominent industrial conglomerate based in Bhubaneswar and originating from Jharsuguda, has reaffirmed its dedication to the economic and urban development of Odisha by launching Oriom Realty. This new real estate division will focus on creating high-quality residential, retail, commercial, hospitality, and mixed-use projects throughout the state, beginning with Bhubaneswar and other emerging growth areas.
This entry into real estate represents a significant advancement in the Group’s 21-year history, which has primarily been focused on building capabilities in Steel and Power, Specialty Chemicals, and Refractories. The Group recognizes that Odisha is entering a transformative era characterized by infrastructure-led industrialization and urbanization, which presents substantial long-term opportunities in organized real estate.
Under the leadership of Mr. Rajesh Agrawal (Founder and Director), Mr. Anil Kedia (Director), and Mr. Deepak Agrawal (Director), Oriom Group has developed into a diversified industrial powerhouse employing over 3,000 individuals across multiple facilities in eastern India. The company has previously contributed to the development of Jharsuguda by establishing four multi-storey residential complexes in early 2007, meeting the rising demand for modern and safe living spaces.
During the announcement of Oriom Realty, Mr. Deepak Agrawal stated, ‘For the last 21 years, Oriom Group has been integral to building Odisha’s industrial economy. We believe that the state is now entering a crucial growth cycle where industrial advancements will inevitably drive the need for modern cities, vibrant communities, and quality real estate. Oriom Realty is not just a diversification; it is a strategic commitment to aid in developing the urban infrastructure of a stronger, more prosperous Odisha.’
He further emphasized, ‘Being ‘built in Odisha and for Odisha’ gives us an insightful perspective on the state’s aspirations. Our goal extends beyond mere construction; we aim to create urban landmarks where families want to live, businesses wish to operate, and investors can generate lasting value.’
Mr. Rajesh Agrawal added, ‘The inception of Oriom Realty is a natural evolution for our enterprise. Having successfully created industrial assets in Steel and Power, Chemicals, and Refractories, we recognize a compelling opportunity in Odisha as infrastructure investments, manufacturing growth, rising incomes, and urbanization drive the demand for high-end residential and commercial projects.’
Mr. Anil Kedia remarked, ‘As Odisha solidifies its status as a top investment destination in India, Oriom Realty will play a vital role in developing future-ready communities that will set new standards for modern living and integrate world-class infrastructure.’
The expansion into real estate aligns with Odisha’s robust macroeconomic fundamentals. The state’s development plans, including Vision 2036 and Vision 2047, emphasize urbanization, industrial competitiveness, logistics, and regional economic corridors as pivotal growth factors. Continued investment in highways, airports, ports, rail connectivity, and urban infrastructure is transforming Odisha into a leading investment hub in India. Additionally, Bhubaneswar is emerging as the knowledge and investment capital of Eastern India.
Currently, Odisha’s urbanization rate stands at around 17%, with aspirations to increase it to 40% by 2036 and 60% by 2047. To support this rapid growth, Oriom Group aims to extend its impact beyond industrial development by fostering sustainable communities and well-designed urban areas that provide long-lasting value for residents, businesses, and investors through Oriom Realty.
Oriom Realty will capitalize on the institutional strength, engineering expertise, and governance practices of its parent company to create well-planned residential neighborhoods, premium commercial properties, as well as retail, hospitality, and mixed-use developments characterized by high construction quality, sustainable design, modern technology, and transparent customer engagement.
With the launch of Oriom Realty, the Group is broadening its contributions from developing Odisha’s industries to shaping the cities that will drive the state’s forthcoming economic growth.
