Pune: Oriom Group, an industrial conglomerate originating in Jharsuguda and headquartered in Bhubaneswar, has entered the real estate sector with the launch of Oriom Realty. The new vertical will focus on residential, retail, commercial, hospitality and mixed-use developments across Odisha, beginning with Bhubaneswar and other emerging growth corridors in the state.
The launch marks a new phase in the group’s 21-year history, during which it has built operations across steel and power, speciality chemicals and refractories. Oriom Group sees Odisha’s infrastructure development, industrial expansion and urbanisation as factors creating long-term opportunities for organised real estate development.
Led by Founder and Director Mr. Rajesh Agrawal, Director Mr. Anil Kedia and Director Mr. Deepak Agrawal, Oriom Group employs more than 3,000 people and operates multiple industrial facilities across eastern India. The group has also previously participated in residential development in Jharsuguda. In early 2007, it facilitated the creation of four multi-storey residential developments to provide modern housing as demand in the city increased.
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Announcing the launch, Mr. Deepak Agrawal, Director, Oriom Group, said, “From last 21 years, Oriom Group has participated in building Odisha’s industrial economy. Today, we believe the State is entering its next defining growth cycle where industrial development will naturally create demand for modern cities, vibrant communities and quality real estate. 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.”
He added, “Being ‘built in Odisha and for Odisha’ gives us a unique understanding of the State’s aspirations. Our objective extends beyond constructing buildings. We aspire to create urban modern landmarks where families aspire to live and thrive, businesses choose to establish themselves and investors create enduring value.”
Mr. Rajesh Agrawal, Founder and Director, Oriom Group, said, “The launch of Oriom Realty represents the natural progression of our enterprise. Having successfully built industrial assets across Steel and Power, Chemicals and Refractories with our engineering capability, financial discipline and project execution expertise. We see a compelling long-term opportunity emerging in Odisha as infrastructure investments, manufacturing expansion, rising incomes and urbanisation continue to drive demand for premium residential and commercial developments.”
Mr. Anil Kedia, Director of Oriom Group, said, “As Odisha strengthens its position as one of India’s leading investment destinations, Oriom Realty will contribute by developing future-ready communities that will set the benchmark for modern living and embed world-class infrastructure.”
Odisha’s Urbanisation Targets Form Part of the Real Estate Opportunity
Oriom Group’s entry into real estate comes against the backdrop of Odisha’s long-term development plans, including Vision 2036 and Vision 2047. These roadmaps identify urbanisation, industrial competitiveness, logistics and regional economic corridors as important drivers of growth.
The state is also seeing investments in highways, airports, ports, rail connectivity and urban infrastructure reshape its investment landscape. Bhubaneswar, meanwhile, is emerging as an important knowledge and investment centre in eastern India.
Odisha’s urbanisation rate currently stands at approximately 17%. The state aims to increase this to 40% by 2036 and 60% by 2047. Against this backdrop, Oriom Group intends to extend its contribution beyond industrial development through Oriom Realty, with a focus on sustainable communities, planned urban spaces and long-term value for residents, businesses and investors.
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The new real estate vertical plans to draw on the parent group’s engineering capabilities, institutional resources and governance practices to develop residential communities, commercial properties, retail spaces, hospitality projects and mixed-use developments. The company says its approach will incorporate construction quality, sustainable design, modern technology and transparent customer engagement.
With Oriom Realty, Oriom Group is extending its activities from industrial asset development into real estate, positioning the new business around Odisha’s evolving urban and economic requirements.
