Which one of the following towns is developed after independence?

The correct answer is Option (4) → Bhubneshwar

After independence, a large number of towns have been developed as administrative headquarters, e.g., Chandigarh, Bhubaneswar, Gandhinagar, Dispur, etc., and industrial centres, such as Durgapur, Bhilai, Sindri, Barauni.

Madurai is an ancient Town.

Jaipur and Lucknow are Medieval towns.