Oriom Group forays into real estate, launches Oriom Realty to capitalise on Odisha’s urban growth potential
By Sukanta Kumar Mohanty
Bhubaneswar, Aug. 8: Oriom Group, a leading diversified industrial conglomerate from Odisha, has entered the real estate sector with the launch of Oriom Realty, a dedicated business vertical aimed at developing premium residential, commercial, retail, hospitality and mixed-use projects across the State.
Headquartered in Bhubaneswar and with its roots in Jharsuguda, Oriom Group said the new venture marks an important milestone in its 21-year growth journey, during which it has built strong capabilities in sectors including steel and power, speciality chemicals and refractories.
The Group said Odisha is witnessing a major transformation propelled by industrial growth, infrastructure expansion and increasing urbanisation, opening up new avenues for organised real estate development.
Founded by Rajesh Agrawal, along with directors Anil Kedia and Deepak Agrawal, Oriom Group has evolved into a diversified industrial enterprise with a workforce of more than 3,000 employees and operations spread across eastern India. The Group had earlier contributed to Jharsuguda’s urban development by developing four multi-storey residential projects in 2007, catering to the city’s growing need for modern housing facilities.
Announcing the launch of the new venture, Deepak Agrawal, Director, Oriom Group, said, “Over the past 21 years, Oriom Group has been actively contributing to Odisha’s industrial progress. As the State enters its next phase of growth, supported by manufacturing expansion, infrastructure development and urbanisation, the demand for modern urban spaces and quality housing will continue to rise.”
He said Oriom Realty’s vision goes beyond construction, with a focus on creating “urban landmarks” that provide quality living environments, business opportunities and sustainable value for stakeholders.
Rajesh Agrawal, Founder and Director, Oriom Group, said the company’s move into real estate represents a natural extension of its strengths in engineering, execution capabilities and asset creation. “Growing infrastructure investments, industrial expansion, rising income levels and rapid urbanisation are creating a favourable ecosystem for premium residential and commercial developments in Odisha,” he said.
Anil Kedia, Director, Oriom Group, said Oriom Realty would focus on developing future-ready communities equipped with modern infrastructure, sustainable features and contemporary design as Odisha emerges as a preferred investment destination.
The company’s expansion comes at a time when Odisha is pursuing accelerated urban growth under its long-term development vision, including Vision 2036 and Vision 2047. With urbanisation expected to increase significantly in the coming years, the demand for planned housing, commercial hubs and integrated townships is likely to witness sustained growth.
—————
Photograph: Top officials of Oriom Group share their future plans at the launch of Oriom Realty, the group’s new real estate arm, in Bhubaneswar on Saturday.
