Odisha's government, led by Minister Krushna Chandra Mahapatra, announces a strategic pivot from land allocation to developing affordable LIG and MIG houses via PPP on 12.90 acres in Suango. Slum dwellers gain bank loans for homes priced Rs 15-50 lakh, tackling soaring Bhubaneswar real estate costs and urban housing shortages effectively.
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 cancellation of Bhubaneswar Metro Rail tenders has created uncertainty in property markets along the planned route, affecting investor confidence in areas like Trisulia and Smart City.