Oriom Group Bets Big on Odisha’s Urban Growth With Launch of Oriom Realty
Mumbai, August 9, 2026: Reinforcing its long-term commitment to Odisha’s economic and urban expansion, Oriom Group announced the launch of its dedicated real estate vertical, Oriom Realty. Originating in Jharsuguda and headquartered in Bhubaneswar, the leading diversified industrial conglomerate will develop premium residential, retail, commercial, hospitality, and mixed-use projects across Odisha, initially focusing on Bhubaneswar and other emerging growth corridors throughout the state, Oriom Group said in a press release.
The strategic foray into real estate marks a major milestone in the group’s 21-year history, following two decades of building industrial capabilities across steel and power, specialty chemicals, and refractories. Led by Founder and Director Rajesh Agrawal alongside Directors Anil Kedia and Deepak Agrawal, the group currently employs over 3,000 workers and operates multiple industrial facilities across eastern India. As part of its historical commitment to Jharsuguda, the company previously facilitated the creation of four multi-storey residential developments in early 2007, delivering safe, modern living spaces during a period of growing regional demand.
The strategic move aligns with Odisha’s strong macro-economic momentum and long-term development roadmaps, including Vision 2036 and Vision 2047, which highlight urbanization, industrial competitiveness, logistics, and regional economic corridors as core growth drivers. With Odisha’s urbanization rate currently sitting at approximately 17%, the state aims to scale urbanization to 40% by 2036 and 60% by 2047. Driven by sustained public investments in highways, airports, ports, rail connectivity, and municipal infrastructure, cities like Bhubaneswar are rapidly positioning themselves as Eastern India’s primary knowledge and investment hubs.
To capitalize on this rapid transition, Oriom Realty plans to leverage the institutional strength, engineering capabilities, project execution expertise, and governance practices of its parent organization. The new entity aims to deliver future-ready, sustainable urban communities, premium commercial hubs, and mixed-use assets characterized by modern technology, architectural quality, and transparent customer engagement, extending the conglomerate’s footprint from building Odisha’s industrial base to shaping its urban future.
Announcing the launch, 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.”
Emphasizing the company’s execution capabilities, 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.”
Highlighting the economic trajectory of the region, 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.”
