New Federation ODFED Takes Over Odisha’s Real Estate Sector
Leading real estate developers in Odisha have formed a new body, the Odisha Developers’ Federation (ODFED), to promote ethical practices and transparency in the industry.
Real EstateOdfedOdishaCredaiReraReal EstateSep 13, 2025
Surprisingly, all the members of the new body have extensive experience in the field and a track record of excellent performance over the past three and a half decades. They have been recognized as pioneers under the previous associations REDA, AFORD, and CREDAI Bhubaneswar Foundation.
The official launch of the Odisha Developers’ Federation was marked by a special ceremony held at Hotel Sandy’s Tower in Bhubaneswar. The event was attended by prominent industry leaders, government officials, architects, urban planners, and members of the media. One of the highlights of the event was the unveiling of the Federation’s official logo, symbolizing unity, innovation, and a shared vision for Odisha’s urban transformation. The logo reflects the Federation’s core values of ethical practice, commitment to better service for home buyers, and integrity.
Speaking at the launch, Pradipta Kumar Biswasroy, President of ODFED, said, “This Federation is virtually a reincarnation of CREDAI Bhubaneswar Foundation, a vibrant platform for developers to come together, collaborate, and contribute meaningfully to the state’s growth. With Odisha poised for rapid urbanization and investment, ODFED will play a vital role in shaping its future real estate landscape.”
Umesh Patnaik, Secretary of ODFED, added, “The Odisha Developers’ Federation is poised to become a key stakeholder in the state’s development dialogue. The Federation will also host regular industry events, knowledge sessions, and public-private engagements to ensure inclusive and progressive growth.”
Leading real estate developers in Odisha, including Z Estate, Sri Jagannath Promotors & Builders, Utkal Builders, Harshpriya Construction Pvt. Ltd., and others, have joined the Odisha Developers’ Federation. On this occasion, the new governing body of the association was announced:
Governing Body of ODFED:
- Pradipta Kumar Biswasroy - President
- Umesh Patnaik - Secretary
- Suryakanta Nanda - Vice President
- Parthajeet Patnaik - Vice President
- Jitendra Kumar Patra - Joint Secretary
- Satyajyoti Mohanty - Joint Secretary
- Siddharth Mohapatra - Treasurer
The formation of ODFED marks a new chapter in Odisha’s real estate sector, emphasizing transparency, ethical practices, and the promotion of sustainable development. The Federation aims to build trust among property buyers and contribute to the state’s economic growth by ensuring high standards in the real estate industry.
Frequently Asked Questions
What is ODFED?
ODFED stands for the Odisha Developers’ Federation, a new body formed by leading real estate developers in Odisha to promote ethical practices and transparency in the real estate sector.
Why was ODFED formed?
ODFED was formed due to the central CREDAI's lack of action against unethical operators and its preference for retaining only RERA-registered builders. The developers withdrew from CREDAI to form a new, more ethical body.
What are the core values of ODFED?
The core values of ODFED include ethical practice, commitment to better service for home buyers, and integrity. These values are reflected in the Federation’s official logo and mission.
Who are the key members of ODFED's governing body?
The key members of ODFED's governing body include Pradipta Kumar Biswasroy (President), Umesh Patnaik (Secretary), Suryakanta Nanda (Vice President), Parthajeet Patnaik (Vice President), Jitendra Kumar Patra (Joint Secretary), Satyajyoti Mohanty (Joint Secretary), and Siddharth Mohapatra (Treasurer).
What events and initiatives does ODFED plan to host?
ODFED plans to host regular industry events, knowledge sessions, and public-private engagements to ensure inclusive and progressive growth in the real estate sector in Odisha.
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