Hanspal, Bhubaneswar

Housing and Urban Development Corporation (HUDCO) has signed an MoU with the Odisha Government to provide term loans up to ₹1 lakh crore over five years for urban infrastructure and housing projects. This collaboration aims to accelerate housing and infrastructure growth across Odisha, including the Bhubaneswar-Cuttack-Puri-Paradeep Economic Region.

The Bhubaneswar Municipal Corporation (BMC) will install sensors in major drains across the city to monitor silt accumulation and blockages, improving the effectiveness of desilting operations and overall drainage management. This initiative aims to reduce waterlogging and improve civic services during the monsoon season.

The Odisha government has approved 20 mega investment proposals totaling Rs 76,612 crore, expected to create over 50,000 jobs across various sectors including green energy, steel, pharmaceuticals, and lab-grown diamonds. These approvals aim to boost industrial diversification and economic growth in the state.

Leading real estate developers in Odisha are urging the state government to reform the decades-old land conversion framework, citing project delays and increased costs. This reform is crucial for planned urban growth and to accommodate Bhubaneswar's expanding population.

The foundation stone for India's first advanced 3D chip packaging unit has been laid at Info Valley in Bhubaneswar. This project, aligned with the Atmanirbhar Bharat vision, aims to position Odisha as a key hub in next-generation semiconductor infrastructure, focusing on advanced 3D glass-based packaging technologies crucial for AI and communication systems.

Railway projects worth over Rs 90,000 crore are currently in execution across Odisha. The state has received a record budget allocation of over Rs 10,000 crore for railway development. 59 railway stations are being redeveloped. A four-line railway corridor along coastal Odisha from Balasore to Brahmapur is also planned.

The Bhubaneswar Railway Station is being upgraded into a modern transit hub with significant infrastructure improvements. A new air concourse has been introduced, providing seamless connectivity across all six platforms and greatly enhancing passenger convenience and movement within the station.

The proposed Puri International Airport has made significant progress with crucial approvals, including Site Clearance and in-principle approval from the Government of India. This project aims to establish Puri as an international gateway, boosting tourism and economic development. T

The real estate market in Bhubaneswar is experiencing significant activity in 2026, with new residential projects emerging across various corridors. Infrastructure investments, particularly through the Smart City Mission, are enhancing property values. Improvements in traffic management, water supply, street infrastructure are contributing to higher living standards .