Tag: Indore

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…

Latest StoriesResidential

Indore District Sees Housing Stock Double in 15 Years

INDORE: The early findings of the 2027 census indicate a considerable rise in housing structures across Indore district over the past 15 years, alongside a notable increase in population. The comprehensive house-listing phase shows that the total number of structures in the district grew from 6.49 lakh in 2011 to over 12.70 lakh, marking a net increase of 6.20 lakh units. The population is estimated to have risen from over 32 lakh in 2011 to approximately 44 lakh now. According to IMC additional commissioner NN Pandey, the initial phase of the census is complete, demonstrating a substantial rise in both…

Latest StoriesResidential

Madhya Pradesh: Fly Ash Bricks Cost Homebuyers More

Representative AI image INDORE: The cost of building a house in the state may rise as fly ash brick manufacturers announce a price increase. This change could have a wider impact, making government infrastructure projects and commercial developments in Madhya Pradesh more expensive starting June. During a meeting on Thursday, the Fly Ash Brick Manufacturers Cooperative Society agreed to raise the price from approximately Rs 6,000 to Rs 6,500-7,000 per 1,000 bricks, excluding GST. Industry estimates indicate that for constructing an average 1,000 sq ft flat, about 8,000-10,000 fly ash bricks are needed. The new rates could result in an…

InfrastructureLatest Stories

Water Shortage Affects Premium Townships in Indore

Representative AI image INDORE: The ongoing water crisis this summer has severely impacted various upscale residential areas and high-rise apartment complexes in Indore, leaving them struggling to secure daily water supplies. The drying of borewells coupled with insufficient Narmada water supply has forced residents in upscale neighborhoods to rely heavily on expensive private water tankers for nearly a month, significantly increasing maintenance costs and disrupting daily routines. Areas including Saket, Race Course Road, Kanchan Bagh, Manoramaganj, Nipania, Mahalaxmi Nagar, Vijay Nagar extension, parts of Super Corridor, and several high-rise residential clusters have been particularly affected. Most societies are now ordering…

IndustryLatest Stories

WSB Invests ₹75 Crore in Omaxe; Karyan to Invest ₹900 Crore

NEW DELHI: WSB Partners, an investment firm specializing in real estate, has invested ₹75 crore in Omaxe Group’s residential plotted projects in Ujjain and Indore. This funding is primarily intended for growth capital, with a portion also earmarked for working capital and reserves. In a related update, NCR-based Karyan Group plans to invest ₹900 crore to develop Trevana Residences, a residential project in Ghaziabad, expecting nearly ₹1,500 crore in revenue from the development. The project will include 608 units in 3BHK and 4BHK configurations, starting at ₹8,995 per sq ft, with completion targeted for 2030. Mahindra Lifespaces Launches New Phase…

CommercialLatest Stories

Micro Mitti unveils IT park on 2.3 acres in Indore

NEW DELHI: Micro Mitti has unveiled its new IT park project, Cybercity, spanning around 2.30 acres in Indore, Madhya Pradesh. With a built-up area of approximately 6.28 lakh sq ft, the development will include 77 office units and 13 retail spaces, offering flexible office layouts ranging from 2,500 sq ft to 10,000 sq ft. The project is set to primarily function as a leasing-focused commercial ecosystem. It boasts a total leasable area of around 4.48 lakh sq ft and plans to monetize nearly 20 percent of its inventory at an estimated rate of ₹9,100 per sq ft. The company is…

InfrastructureLatest Stories

₹30 Crore Government Land Cleared of Encroachment in Indore

INDORE: The Indore district administration launched a major anti-encroachment operation on Monday, recovering government land valued at around ₹30 crore. Following instructions from Indore Collector Shivam Verma, the team focused on illegal constructions in the Khajrana village area. “Approximately 30,000 square feet of encroached land was reclaimed, where 12 illegal houses were demolished. This action aims to restore the land to the state government,” stated Juni Indore SDM Ghanshyam Dhangar. He noted that the market value of the recovered land is estimated at around ₹30 crore. The administration has issued a stern warning that it will persist in taking strict…

InfrastructureLatest Stories

Indore Demolishes 16 Illegal Row Houses in Crackdown

Representative image INDORE: On Monday, the Indore Municipal Corporation (IMC) demolished 16 illegal row houses in the Anjani Nagar and Jagdish Nagar areas. This action is part of an ongoing effort to curb the expansion of unauthorized settlements. The operation was concentrated in Zone 4. In Anjani Nagar, four row houses, illegally built near a drain, were fully demolished. In Jagdish Nagar, located in the Banganga area, 12 row houses were targeted. It was reported that six of these were close to completion, while the other six were still under construction. The civic body also tore down roads and drainage…

InfrastructureLatest Stories

Indore’s 450 Illegal Colony Legalization Faces Roadblock

INDORE: The hopes of residents in over 450 unauthorized colonies have been dashed as various government departments have raised objections to their regularization. Indore Municipal Corporation (IMC) has already legalized more than 200 colonies in previous phases, but the remaining cases face challenges due to complex land-use disputes and missing no-objection certificates (NOCs). As per IMC’s additional commissioner, Manoj Pathak, the regularization process has encountered obstacles after public notices were published for the remaining colonies. Objections have been raised by departments including Nazul, IDA, T&CP, and the Housing Board. ACS Sanjay Dubey elaborated that the current legalization policy is mainly…

CommercialLatest Stories

Indore Gives 100 Buildings 48-Hour Fire Safety Ultimatum

INDIORE: The Indore Municipal Corporation (IMC) and district administration are stepping up their efforts against fire safety violations, placing around 100 commercial buildings (G+3) under scrutiny. Officials have issued an urgent warning, giving building owners until April 8 to install mandatory fire safety equipment or risk immediate sealing and further legal actions. This initiative follows an extensive survey conducted by building officers and inspectors in high-traffic areas throughout all zones. Out of 337 inspected buildings, the survey uncovered significant deficiencies: 87 buildings lacked any fire safety equipment, while 19 had installed systems that were non-functional. A total of 67 notices…