Oriom Group Enters Odisha’s Real Estate Sector with Launch of Oriom Realty

Bhubaneswar, Nirapakhya Khabar August 8, 2026: Odisha-based diversified industrial conglomerate Oriom Group has announced its entry into the state’s real estate sector with the launch of Oriom Realty, a dedicated real estate vertical aimed at developing premium residential, retail, commercial, hospitality and mixed-use projects across Odisha.
Headquartered in Bhubaneswar and originating from Jharsuguda, Oriom Group said the strategic expansion reflects its long-term commitment to Odisha’s economic and urban development. The company plans to initially focus on Bhubaneswar and other emerging growth corridors across the state.
The launch marks a significant milestone in Oriom Group’s 21-year journey, during which it has established capabilities across Steel and Power, Speciality Chemicals, and Refractories. With a workforce of more than 3,000 employees and operations across multiple industrial facilities in eastern India, the Group has built a strong presence in Odisha’s industrial landscape.
From Industrial Development to Urban Infrastructure
According to the Group, its entry into real estate is driven by Odisha’s accelerating industrialisation, infrastructure development and urbanisation. The company believes the expansion of manufacturing activity, rising incomes and improved connectivity will create sustained demand for organised and quality real estate in the state.
Oriom Group has previously contributed to residential development in Jharsuguda. In the early 2000s, the company facilitated the development of four multi-storey residential projects, providing modern housing solutions at a time when the city was witnessing growing demand for quality living spaces.
Speaking on the launch, Deepak Agrawal, Director, Oriom Group, said that after contributing to Odisha’s industrial economy for more than two decades, the Group now sees an opportunity to participate in the state’s next phase of growth.
“Oriom Realty is not merely a diversification; it is a strategic long-term commitment to participate in building the urban infrastructure of a stronger, more prosperous and aspirational Odisha,” Agrawal said.
He further said the company’s understanding of Odisha’s aspirations would help it develop modern urban destinations that cater to families, businesses and investors.
Focus on Premium and Future-Ready Developments
Rajesh Agrawal, Founder and Director, Oriom Group, said the launch of Oriom Realty represents a natural progression of the Group’s business journey.
He highlighted the Group’s experience in engineering, project execution and financial discipline across its industrial businesses, adding that Odisha’s expanding infrastructure, manufacturing ecosystem, rising incomes and urbanisation present a compelling long-term opportunity for premium residential and commercial developments.
Anil Kedia, Director, Oriom Group, said Oriom Realty would focus on creating future-ready communities and modern infrastructure as Odisha strengthens its position as one of India’s leading investment destinations.
Odisha’s Urbanisation Driving Real Estate Opportunity
Oriom Group’s real estate expansion comes at a time when Odisha is witnessing significant investments in infrastructure, connectivity and industrial development.
The state’s long-term development roadmap, including Vision 2036 and Vision 2047, places strong emphasis on urbanisation, industrial competitiveness, logistics and regional economic corridors. Investments in highways, airports, ports, railways and urban infrastructure are further transforming the state’s economic landscape.
Bhubaneswar, in particular, is emerging as a major knowledge, technology and investment hub in eastern India, creating opportunities for organised residential, commercial and mixed-use developments.
The company has also highlighted Odisha’s relatively low level of urbanisation and the state’s long-term ambition to significantly increase the urban population share in the coming decades.
Building Cities Beyond Buildings
Oriom Realty plans to leverage the parent group’s institutional strength, engineering expertise and governance practices to develop residential communities, premium commercial assets, retail destinations, hospitality projects and mixed-use developments.
The new vertical aims to combine construction quality with sustainable design, modern technology and transparent customer engagement, with a stated focus on creating long-term value for residents, businesses and investors.
With the launch of Oriom Realty, Oriom Group is seeking to expand its role from building Odisha’s industrial capabilities to participating in the development of the cities and communities that could drive the state’s next phase of economic growth.