Bhubaneswar Plans New Satellite City

25 Nov 2024 CW Team

Spread across 500 acres, located strategically near Bhubaneswar’s peripheral areas. Planned as a self-sustaining township with modern amenities. Integrated Infrastructure:

Includes residential complexes, commercial hubs, and industrial zones. Emphasis on smart urban planning with seamless transport and utility services. Focus on Sustainability:

Incorporates green building technologies, extensive green belts, and solar energy systems. Designed to reduce the carbon footprint and promote an eco-friendly lifestyle. Economic Potential:

Expected to create over 10,000 jobs during and after construction. Hosts special economic zones (SEZs) to attract investments in IT and manufacturing. Investment and Funding: ?8,000 crore project cost to be raised through public-private partnerships (PPPs). Involvement of international urban planning consultants for design and execution. BDA plans to engage multiple stakeholders for funding, including real estate developers and government agencies. Benefits to Bhubaneswar and Beyond: Decongestion of Urban Core:

Reduces pressure on Bhubaneswar’s central areas by offering alternate housing options. Economic Growth:

A hub for industrial and business activity, boosting the region’s economic output. Enhanced Connectivity:

Integration with national highways, rail, and future metro networks ensures smooth access. Quality of Life Improvements:

Residents will enjoy modern amenities, including schools, healthcare, and recreational facilities. Challenges and Mitigation: Land Acquisition:

Engage with local stakeholders for smoother acquisition processes. Environmental Concerns:

Adherence to strict environmental regulations and preservation of natural habitats. Project Timelines:

Regular monitoring to avoid delays and ensure phased development. Conclusion: The proposed satellite city by BDA is set to redefine urban living in Odisha, addressing housing and infrastructure demands while promoting economic and environmental sustainability. This initiative underscores Bhubaneswar’s transformation into a global city model with futuristic urban solutions.

The Bhubaneswar Development Authority (BDA) has unveiled plans for a massive ?8,000 crore satellite city project on the outskirts of Bhubaneswar. Envisioned as a sustainable urban hub, the development aims to accommodate the growing population and serve as a model for modern city planning. Key Features of the New City: Location and Scope: Spread across 500 acres, located strategically near Bhubaneswar’s peripheral areas. Planned as a self-sustaining township with modern amenities. Integrated Infrastructure: Includes residential complexes, commercial hubs, and industrial zones. Emphasis on smart urban planning with seamless transport and utility services. Focus on Sustainability: Incorporates green building technologies, extensive green belts, and solar energy systems. Designed to reduce the carbon footprint and promote an eco-friendly lifestyle. Economic Potential: Expected to create over 10,000 jobs during and after construction. Hosts special economic zones (SEZs) to attract investments in IT and manufacturing. Investment and Funding: ?8,000 crore project cost to be raised through public-private partnerships (PPPs). Involvement of international urban planning consultants for design and execution. BDA plans to engage multiple stakeholders for funding, including real estate developers and government agencies. Benefits to Bhubaneswar and Beyond: Decongestion of Urban Core: Reduces pressure on Bhubaneswar’s central areas by offering alternate housing options. Economic Growth: A hub for industrial and business activity, boosting the region’s economic output. Enhanced Connectivity: Integration with national highways, rail, and future metro networks ensures smooth access. Quality of Life Improvements: Residents will enjoy modern amenities, including schools, healthcare, and recreational facilities. Challenges and Mitigation: Land Acquisition: Engage with local stakeholders for smoother acquisition processes. Environmental Concerns: Adherence to strict environmental regulations and preservation of natural habitats. Project Timelines: Regular monitoring to avoid delays and ensure phased development. Conclusion: The proposed satellite city by BDA is set to redefine urban living in Odisha, addressing housing and infrastructure demands while promoting economic and environmental sustainability. This initiative underscores Bhubaneswar’s transformation into a global city model with futuristic urban solutions.

Resources

04 Jun 2026

ULCCS Showcases Cooperative Model at UN Symposium

Uralungal Labour Contract Co-operative Society (ULCCS) showcased its community-led development model at the United Nations Headquarters in New York, where it participated as a panellist at the International Symposium on Cooperative Financial Institutions held on 28–29 May 2026.Jointly organised by the United Nations Department of Economic and Social Affairs (UN DESA), the International Cooperative Banking Association (ICBA), and the International Cooperative Alliance (ICA), the symposium was held under the theme ‘Fuelling Inclusive and Equitable Growth’ and brought together policymakers,..

Infrastructure Transport

04 Jun 2026

Delhi Airport to Finalise 20-Year Master Plan

Delhi International Airport Ltd (DIAL) is finalising a 20-year master plan to guide long term infrastructure and operational development at Indira Gandhi International Airport, an official said. The operator expects the plan to reflect changes in the airline industry, shifts in the competitive landscape and evolving infrastructure requirements across terminals, airside and support services. The official said the document is likely to be ready in the next two to two-and-a-half months as the operator moves through planning stages. The plan will be prepared after consultations with airport users ..

Real Estate

04 Jun 2026

Aadhar Housing Finance Targets Rs 500 bn AUM By FY29

Aadhar Housing Finance has set a target to raise its asset under management to Rs 500 billion (bn) by the end of FY29, aiming to achieve this over the next three financial years through an 18-20 per cent loan growth trajectory. The firm focuses on the low-income segment with a ticket size of less than Rs 1.5 million (mn) and has relied on that segment to drive expansion. The company closed FY26 with an AUM of Rs 305.71 bn, reflecting the expansion in recent years, and it reported a net profit rise of 22 per cent to Rs 11.08 bn. Management indicated that gross non-performing assets stood at 1.0..