+
OSHB Plans Four New Housing Projects With 6,877 Units
Real Estate

OSHB Plans Four New Housing Projects With 6,877 Units

The Odisha State Housing Board (OSHB) plans to expand affordable and inclusive housing across the state through four major residential projects in 2026-27, aiming to create 6,877 dwelling units. The announcement follows a high-level review of proposals and aligns with broader urban development objectives. The programme is presented as a response to housing needs among economically weaker and lower-income urban families.

The largest initiative is the Suango public–private partnership housing project on 12.9 acre near AIIMS-Bhubaneswar, proposed to deliver 2,867 dwelling units including 1,034 affordable units. The scheme is projected to generate at least Rs 2.1 bn for the Board. The model combines market and subsidised housing components and is planned for the coming financial year.

The Ranasinghpur engineering, procurement and construction housing project on 5.78 acre is expected to provide 1,262 units with an estimated investment of Rs 3.97 bn. The Patrapada project, to be developed through e-bidding over 11.5 acre, is estimated to create 2,510 dwelling units including 820 affordable units. In Rourkela the Basanti Colony joint venture will add 238 mid and high-income apartments.

At the review meeting the additional chief secretary for Housing and Urban Development directed the Board to prepare a time-bound action plan with clear identification of land parcels, project models and target beneficiaries. She emphasised that social housing should be a core focus to address urban housing shortages. The session also covered freehold conversion, encroachment removal, external infrastructure support and statutory clearances.

Board reported that it has developed 32,343 housing units, shops and plots across 21 districts, with more than 20,000 in Khurda district. The review highlighted five ongoing projects with a combined investment of Rs 5.17 bn comprising 1,484 housing units, and noted that the Kharavela Enclave at Jagamara has reached the handover stage with 30 apartments transferred to allottees. Vasudev Vihar plotted development at Andharua was developed at a cost of Rs 272.7 mn with possession expected from July 2026, while the Gadakana project is being developed at Rs 1.8929 bn and is proposed for launch in July 2026 pending approvals.

The Odisha State Housing Board (OSHB) plans to expand affordable and inclusive housing across the state through four major residential projects in 2026-27, aiming to create 6,877 dwelling units. The announcement follows a high-level review of proposals and aligns with broader urban development objectives. The programme is presented as a response to housing needs among economically weaker and lower-income urban families. The largest initiative is the Suango public–private partnership housing project on 12.9 acre near AIIMS-Bhubaneswar, proposed to deliver 2,867 dwelling units including 1,034 affordable units. The scheme is projected to generate at least Rs 2.1 bn for the Board. The model combines market and subsidised housing components and is planned for the coming financial year. The Ranasinghpur engineering, procurement and construction housing project on 5.78 acre is expected to provide 1,262 units with an estimated investment of Rs 3.97 bn. The Patrapada project, to be developed through e-bidding over 11.5 acre, is estimated to create 2,510 dwelling units including 820 affordable units. In Rourkela the Basanti Colony joint venture will add 238 mid and high-income apartments. At the review meeting the additional chief secretary for Housing and Urban Development directed the Board to prepare a time-bound action plan with clear identification of land parcels, project models and target beneficiaries. She emphasised that social housing should be a core focus to address urban housing shortages. The session also covered freehold conversion, encroachment removal, external infrastructure support and statutory clearances. Board reported that it has developed 32,343 housing units, shops and plots across 21 districts, with more than 20,000 in Khurda district. The review highlighted five ongoing projects with a combined investment of Rs 5.17 bn comprising 1,484 housing units, and noted that the Kharavela Enclave at Jagamara has reached the handover stage with 30 apartments transferred to allottees. Vasudev Vihar plotted development at Andharua was developed at a cost of Rs 272.7 mn with possession expected from July 2026, while the Gadakana project is being developed at Rs 1.8929 bn and is proposed for launch in July 2026 pending approvals.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code