Tag: Bhopal

Latest StoriesRegulatory

Bhopal: EOW Charges Hilltop Society Leaders in Fraud Case

BHOPAL: The Economic Offences Wing (EOW) has initiated legal action against the office-bearers of the Hilltop Housing Cooperative Society in Bhopal. They are accused of defrauding members by collecting substantial sums over 40 years without providing promised plot ownership. This case arose from inquiries into multiple complaints by society members, notably Narendra Nathani. Evidence discovered by the EOW indicates that members paid the full price for their plots and additional development charges but never received their land. Investigators allege that although sale deeds were issued in members’ names, the society retained the original documentation and supplied only photocopies, allowing for…

Latest StoriesResidential

Indore Leads in Property Registration Revenue Generation

INDORE: Madhya Pradesh has seen an increase of approximately ₹211 crore or 12.82% in earnings from stamp duty and property registrations in the first two months of the current fiscal year. This growth is attributed to higher guideline values and rising property prices, despite modest growth in transaction volumes. Among major districts, Indore topped revenue generation with ₹328.45 crore, followed by Bhopal at ₹239.75 crore and Gwalior at ₹120.81 crore. Indore recorded this revenue from 25,405 property transactions, an increase from ₹302.18 crore from 23,261 documents during the same period last year, marking an 8.69% rise in the district’s revenue…

InfrastructureLatest Stories

NGT Forms Committee to Probe Shahpura Lake Encroachments

Representative AI image BHOPAL: The National Green Tribunal (NGT) has taken a serious stance on the alleged encroachments in the green belt around Shahpura Lake. On Thursday, the tribunal established a committee to inspect the site and deliver a report within six weeks. Environmental advocate Nitin Saxena’s petition to the NGT central bench alleges that the green belt has been egregiously encroached upon, with illegal structures appearing in the lake’s buffer zone, thus violating Wetland Rules. Counsel for the petitioner, Chinmay Singh, revealed that “untreated water is being funneled into the lake, obstructing the natural drainage channels that feed it,…

CommercialLatest Stories

Small Cities Like Mangalore, Bhopal Join GCC Race

India’s Global Capability Centres (GCCs) are branching out from their traditional hubs as tier-II cities like Mangalore, Bhopal, and Aurangabad emerge as innovative tech centers, driven by factors such as cost, talent, and supportive policies. While GCCs have increasingly established themselves in smaller cities like Coimbatore, Indore, and Lucknow, many states are actively promoting policies and investing in infrastructure to attract these centers. According to Sachin Alug, CEO of NLB Services, tier-II cities account for 30-32% of all new job postings. “The demand for tech and GCC roles in cities like Mangalore, Ahmedabad, and Nagpur is noticeably increasing, fueled by…

Latest StoriesResidential

Bhopal Buyers Race to Complete Registrations Before Rate Hike

BHOPAL: On March 31, registration offices at ISBT and Pari Bazaar experienced an overwhelming influx of buyers racing to complete property registrations before the new rates took effect. By late Tuesday evening, over 1,000 registrations were completed. Starting April 1, stamp duties saw steep increases of 50% or more in 104 locations, with certain areas witnessing escalations of up to 100%, 150%, and even 181%. The financial year’s final day saw registration offices bustling, despite occasional internet slowdowns. Over 1,000 documents were processed, yielding Rs 20 crore in revenue in just one day. The district exceeded its annual revenue target…

InfrastructureLatest Stories

Bhopal and Indore Master Plan for Metro Region on Hold

BHOPAL: Plans for the master development of Bhopal and Indore are currently on hold as the Madhya Pradesh government aims to finalize metropolitan region strategies for the two cities, as confirmed by a state minister earlier this week. The plans were completed approximately a year and a half ago but may be revised to align with forthcoming metropolitan area proposals. Urban development and housing minister Kailash Vijayvargiya shared these updates with the state assembly on February 24. “Our department finished the master plan about a year and a half ago; it is ready,” Vijayvargiya mentioned. He also noted recent discussions…

IndustryLatest Stories

Delayed Policy Execution Hinders Investment: NAREDCO Chair

INDORE: Delays in the implementation of urban development policies are hindering growth and discouraging private investments, stated Dr. Niranjan Hiranandani, Chairman of NAREDCO, during a discussion on Friday. He highlighted issues related to master planning and stamp duty structures in Madhya Pradesh. “If policies are passed but executed with delays, development will stagnate and investments will decline,” he explained, noting that uncertainty in planning frameworks adversely affects capital flow into real estate and infrastructure. He pointed out that the Development Plan for Bhopal expired in 2005 and a revision is still pending. Similarly, Indore’s master plan expired in 2021. “This…

Latest StoriesRegulatory

NGT Forms Committee to Investigate Tulsi Tower Pollution Complaints

BHOPAL: The National Green Tribunal (NGT) has formed a joint committee to investigate air and noise pollution concerns raised by the residents’ welfare society of Tulsi Tower in Shivaji Nagar, one of Bhopal’s popular apartment complexes. The residents claimed they have been living in a “virtual hell” since a Pune-based construction company began work on ‘Tulsi Green,’ the second phase of the project. The tribunal noted that there have been clear environmental violations by the Madhya Pradesh Housing & Infrastructure Development Board and its contractor, despite the project receiving Environmental Clearance (EC) on July 2, 2022. The judicial member, Sheo…

Latest StoriesResidential

Bhopal: ‘Housing for All’ Faces Public Rage Over Delays

BHOPAL: Residents benefiting from the Housing for All multistorey project at 12 Number Stop in BMC Ward 49 have voiced strong dissatisfaction regarding the delays in receiving their flats. During a Tuesday inspection, Mayor Malti Rai was confronted with pressing questions from the residents, who demanded to know when they would finally take possession of their homes. Beneficiaries claimed they had booked their flats years ago and made advance payments, yet have not received possession. Additional complaints included issues of waterlogging during the rains and substandard construction quality. One beneficiary blocked Rai’s path, stating he could no longer wait after…

Latest StoriesRera

Bhopal Gives Way to Ujjain in Realty Projects: RERA Report

RAIPUR: There is a notable shift in major real estate projects within Madhya Pradesh, with many transitioning from the capital city Bhopal to Ujjain, the hometown of Chief Minister Mohan Yadav. Over the past two years, the number of real estate projects in Ujjain has doubled, and by 2024-25, Ujjain registered more building projects than Bhopal. Between 2000 and 2021, Indore was the leading city in real estate project registrations, while Bhopal held second place. However, in an unexpected turn of events, Ujjain climbed to the second spot in 2024-25, relegating Bhopal to third. Indore retained the top position. This…