Effective disaster hazard reduction planning requires multi-hazard hazard analysis, especially in areas where several natural hazards are present. The integrated assessment of flood and drought hazards utilizing a linked multi-hazard assessment technique is the prime highlighted corner of this chapter. The chosen micro-region of this research is the Mahanadi basin, which experiences both droughts and floods. The LISFLOOD model is used for flood modeling, making use of its ability to replicate the dynamics of inundation and river flow. One of the recognized methods, namely SPEI, that considers both precipitation and evapotranspiration components, included for drought evaluation. Satellite imaging products from Sentinel-1 and Sentinel-2 are used to verify the correctness of the flood and drought simulations. With the ability to precisely validate the model outputs, these high-resolution GIS products provide thorough observations of water extent, land cover, and other relevant characteristics over the research area. Understanding the multi-hazard hazard dynamics in the Mahanadi basin in detail is made possible by the integrated method. Policymakers can create more comprehensive plans for minimizing the impacts of hazard that are suited to the unique requirements and vulnerabilities of the area by considering both floods and droughts concurrently. The findings of current chapter give important insights regarding the spatio-temporal distribution of flood and drought hazards, allowing them to more effectively prioritize adaptation and mitigation strategies. Modern modeling methods combined with comprehensive GIS approaches also improve the precision and dependability of hazard assessments, which helps disaster management and climate resilience initiatives make better decisions.