Bhubaneswar: Keeping in view the mushrooming of a host of IT and ITES companies, the Bhubaneswar Development Authority (BDA) has come up with a perspective plan for south city of Bhubaneswar to the tune of Rs. 80,000 crore in the next 15 years for the new area.
The Authority has included 40 villages along two sides of National Highway-5 from Khandagiri to Khurda that would be the south extension of the capital city.
According to the draft interim plan of South City, Bhubaneswar, the new development area would accommodate 10 lakh to 12 lakh people and can create about 2 lakh to 3 lakh jobs (IT & ITES as well as ancillary sectors).
Most of the top companies, including Infosys, TCS, WIPRO, MindTree and Genpact, have promised substantial investments in the temple city while the state government already declared to locate its second Infocity within the South City.
The BDA has solicited public opinion on the interim development plan before its final notification.
The investments in infrastructure required would be to the tune of Rs 4,000 crores over 15 years and will have an investment potential of about Rs 80,000 crores, the plan said. The plan was prepared by BDA in association with Infrastructure Development Corporation Limited, IL&FS and Alchemy Urban Systems Private Limited.
The planning regulatory body also proposed to develop 18 high-end residential projects in the corridor.
Besides, a sports complex over 70 acres land at Khudupur and a number of institutional and commercial zones are planned in the upcoming city which will be spread across 6,740.17 hectares.
About 44.05 per cent of the area has been earmarked for residential purposes.
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