Odisha's cabinet approved an 800-acre New City project near Bhubaneswar with Rs 8,179 crore investment, featuring Singapore-planned infrastructure, MICE facilities, and transit-oriented development to boost housing and commercial growth by 2036.
The Central Government is set to relax FDI norms for the real estate sector, which includes reducing the lock-in period and minimum capitalization to attract investments and make housing more affordable.
Govt to sell/lease surplus land to ease financial stress, boosting real estate growth in Indian metros.