Bhubaneswar Plans New Satellite City
Real Estate

Bhubaneswar Plans New Satellite City

The Bhubaneswar Development Authority (BDA) has unveiled plans for a massive ?8,000 crore satellite city project on the outskirts of Bhubaneswar. Envisioned as a sustainable urban hub, the development aims to accommodate the growing population and serve as a model for modern city planning. Key Features of the New City: Location and Scope:

Spread across 500 acres, located strategically near Bhubaneswar’s peripheral areas. Planned as a self-sustaining township with modern amenities. Integrated Infrastructure:

Includes residential complexes, commercial hubs, and industrial zones. Emphasis on smart urban planning with seamless transport and utility services. Focus on Sustainability:

Incorporates green building technologies, extensive green belts, and solar energy systems. Designed to reduce the carbon footprint and promote an eco-friendly lifestyle. Economic Potential:

Expected to create over 10,000 jobs during and after construction. Hosts special economic zones (SEZs) to attract investments in IT and manufacturing. Investment and Funding: ?8,000 crore project cost to be raised through public-private partnerships (PPPs). Involvement of international urban planning consultants for design and execution. BDA plans to engage multiple stakeholders for funding, including real estate developers and government agencies. Benefits to Bhubaneswar and Beyond: Decongestion of Urban Core:

Reduces pressure on Bhubaneswar’s central areas by offering alternate housing options. Economic Growth:

A hub for industrial and business activity, boosting the region’s economic output. Enhanced Connectivity:

Integration with national highways, rail, and future metro networks ensures smooth access. Quality of Life Improvements:

Residents will enjoy modern amenities, including schools, healthcare, and recreational facilities. Challenges and Mitigation: Land Acquisition:

Engage with local stakeholders for smoother acquisition processes. Environmental Concerns:

Adherence to strict environmental regulations and preservation of natural habitats. Project Timelines:

Regular monitoring to avoid delays and ensure phased development. Conclusion: The proposed satellite city by BDA is set to redefine urban living in Odisha, addressing housing and infrastructure demands while promoting economic and environmental sustainability. This initiative underscores Bhubaneswar’s transformation into a global city model with futuristic urban solutions.

The Bhubaneswar Development Authority (BDA) has unveiled plans for a massive ?8,000 crore satellite city project on the outskirts of Bhubaneswar. Envisioned as a sustainable urban hub, the development aims to accommodate the growing population and serve as a model for modern city planning. Key Features of the New City: Location and Scope: Spread across 500 acres, located strategically near Bhubaneswar’s peripheral areas. Planned as a self-sustaining township with modern amenities. Integrated Infrastructure: Includes residential complexes, commercial hubs, and industrial zones. Emphasis on smart urban planning with seamless transport and utility services. Focus on Sustainability: Incorporates green building technologies, extensive green belts, and solar energy systems. Designed to reduce the carbon footprint and promote an eco-friendly lifestyle. Economic Potential: Expected to create over 10,000 jobs during and after construction. Hosts special economic zones (SEZs) to attract investments in IT and manufacturing. Investment and Funding: ?8,000 crore project cost to be raised through public-private partnerships (PPPs). Involvement of international urban planning consultants for design and execution. BDA plans to engage multiple stakeholders for funding, including real estate developers and government agencies. Benefits to Bhubaneswar and Beyond: Decongestion of Urban Core: Reduces pressure on Bhubaneswar’s central areas by offering alternate housing options. Economic Growth: A hub for industrial and business activity, boosting the region’s economic output. Enhanced Connectivity: Integration with national highways, rail, and future metro networks ensures smooth access. Quality of Life Improvements: Residents will enjoy modern amenities, including schools, healthcare, and recreational facilities. Challenges and Mitigation: Land Acquisition: Engage with local stakeholders for smoother acquisition processes. Environmental Concerns: Adherence to strict environmental regulations and preservation of natural habitats. Project Timelines: Regular monitoring to avoid delays and ensure phased development. Conclusion: The proposed satellite city by BDA is set to redefine urban living in Odisha, addressing housing and infrastructure demands while promoting economic and environmental sustainability. This initiative underscores Bhubaneswar’s transformation into a global city model with futuristic urban solutions.

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