Phulnakhara, 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 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.

Bhubaneswar Development Authority has released a draft Standard Operating Procedure (SOP) for land parcel reconstitution under town planning schemes 42 to 45 in Zone IV. This aims to establish a transparent framework for equitable distribution of reconstituted plots, benefiting landowners. The SOP allows for voluntary amalgamation of plots and permits joint applications.