# Odisha real estate and urban development > Live situation record from CLSTR: https://clstr.news/situations/odisha-real-estate-and-urban-development > Updated: 2026-08-23T04:48:30.000Z. Sources: 6. Developments: 2. The real estate and urban development landscape in Odisha is seeing simultaneous private sector expansion and government regulatory reform. In early August 2026, the Oriom Group, an industrial conglomerate, announced the launch of Oriom Realty. This new vertical aims to develop residential, retail, commercial, and hospitality projects across Odisha, specifically targeting Bhubaneswar and emerging growth corridors. Following this, the Odisha Housing and Urban Development Department introduced measures to streamline the real estate sector. Under the Odisha Apartment (Ownership and Management) Act, 2023, new state orders have simplified the apartment transfer registration process by eliminating the need for repetitive endorsements on subsequent deeds. Furthermore, during the Odisha Urban Conclave-2026, government officials emphasized broader urban development goals, including improved drainage systems, accelerated housing construction for the poor through schemes such as PMAY 2.0, and enhanced access to safe drinking water. ## Timeline ### 2026-08-23: Odisha government implements urban development and real estate reforms Odisha is streamlining real estate registration processes and enhancing urban infrastructure, including housing and drainage, to improve ease of doing business and civic services. 5 sources. https://clstr.news/cluster/odisha-government-implements-urban-development-and-real-estate-reforms ### 2026-08-09: Oriom Group launches Oriom Realty to expand into Odisha real estate Oriom Group has launched Oriom Realty, a new vertical dedicated to developing residential, commercial, and mixed-use real estate projects across Odisha, India. 5 sources. https://clstr.news/cluster/oriom-group-launches-oriom-realty-to-expand-into-odisha-real-estate --- Cite as: Odisha real estate and urban development. CLSTR, https://clstr.news/situations/odisha-real-estate-and-urban-development