Tag: Indore

InfrastructureLatest Stories

ADB Approves $190M Loan for Indore Metro Project

NEW DELHI: The Asian Development Bank (ADB) has approved a USD 190 million loan to support the Indore Metro Rail Project, a significant initiative aimed at improving urban mobility, reducing pollution, and fostering inclusive growth in Madhya Pradesh, as stated in a company press release. The project will fund the construction of an 8.62-kilometre underground metro line featuring seven stations, connecting congested areas of Indore to the airport. Designed with modern standards, the metro will offer accessibility features such as ramps, lifts, CCTV surveillance, and emergency response systems for elderly individuals, women, children, and persons with disabilities. “Indore’s rapid urbanization…

Latest StoriesRegulatory

Indore Files FIRs Against Developers of 16 Illegal Colonies

Sure! Here’s a rewritten version of the content: INDORE: On Thursday, the Indore district administration initiated legal action by ordering the filing of First Information Reports (FIRs) against the developers of 16 unauthorized colonies. Additional District Magistrate (ADM) Gaurav Benal stated, “This initiative is part of a wider enforcement against illegal construction and land-use in the area,” and confirmed that instructions have been given to file FIRs against the developers and colonizers under applicable laws. “The FIRs arise from the unauthorized development of these colonies without the necessary government approvals,” he stated. The ADM noted that, to date, FIRs have…

InfrastructureLatest Stories

Illegal Constructions Under Scrutiny After Indore Collapse

INDORE: A tragic building collapse in the Ranipura area has sparked serious concerns regarding safety and building regulations in the city’s congested streets. This incident resulted in two fatalities and a dozen injuries, drawing attention to the issue of unauthorized constructions and the neglect of maintenance in the region. Many structures in Ranipura, including older buildings, either lack proper permits from the Indore Municipal Corporation (IMC) or have violated existing regulations by adding unauthorized floors and encroaching on public spaces. According to official sources, the three-storey building that collapsed on Monday night was one of these irregular constructions. IMC Additional…

InfrastructureLatest Stories

Trial Run Completed on 5km Stretch of Indore Metro Phase II

INDORE: A successful trial run for the second phase of the metro rail was conducted in Indore, Madhya Pradesh, on Friday, according to an official from the Madhya Pradesh Metro Rail Corporation Limited (MPMRCL). The metro was tested at a speed of 5-10 km/h over a nearly 5-km stretch between Super Corridor No. 3 and MR-10 stations. This stretch is part of the 17.50-km priority corridor connecting Gandhi Nagar and Radisson Square stations. Commercial operations have already begun on a 6-km section between Gandhi Nagar and Super Corridor station No. 3 as part of the first phase. Before commencing commercial…

InfrastructureLatest Stories

Indore Metro’s Underground Line Could Reach Khajrana Square

INDORE: The length of the underground track for the Indore Metro is set to expand from the originally proposed 4 km stretch running from the Airport to Regal Square, with plans to extend it an additional 2 km to Khajrana Square. The proposal was presented during a meeting of the Madhya Pradesh Legislative Assembly’s Estimates Committee on Monday. Members of the committee emphasized the urgent initiation of underground construction for the much-anticipated Indore Metro project. The committee convened at the Residency Kothi and highlighted the necessity of starting work after consultation with public representatives and building public trust. Recommendations will…

CommercialLatest Stories

MPIDC Develops Revenue Model for IT Park 4 Offices, Indore

INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) is crafting a revenue model aimed at providing office spaces to tech companies in the forthcoming IT Park 4, located in the Pardeshipura area, prior to launching the allotment process. The MPIDC’s regional office in Indore has proposed a plan to its head office for office space distribution across various floors of the under-construction IT Park 4. This proposal is based on input from tech firms and startups keen on occupying the new park, with interests reportedly coming from companies in Bangalore, Maharashtra, and Delhi. “To ensure full occupancy in IT Park…

IndustryLatest Stories

Omaxe Reports ₹186 Crore Net Loss in Q1 FY26

NEW DELHI: Omaxe Ltd reported a consolidated net loss of ₹185.77 crore for the first quarter of the current financial year, attributed to a decrease in income. In the same period last year, the company’s net loss was ₹146.98 crore. Total income decreased to ₹298.03 crore for the April-June 2025-26 quarter, down from ₹385.23 crore during the corresponding period in the previous year, as per a recent regulatory filing. Omaxe, a prominent real estate company in India, operates in 30 cities across eight North and Central Indian states, having delivered over 135 million sq ft of area since its establishment.…

Latest StoriesResidential

Indore: New Housing and Infrastructure Boost MR-10 Development

INDORE: To facilitate the development of the MR-10 road, the Indore Development Authority (IDA) plans to construct high-rise apartments to accommodate affected families. “The IDA board has decided to build housing units under the Pradhan Mantri Awas Yojana Urban 2.0 on a 1.613-hectare plot (FP-422) in IDA’s Town Planning Scheme (TPS)-08,” announced IDA CEO RP Ahirwar. This initiative will help relocate impacted families into new flats. The board meeting, chaired by Divisional Commissioner and Chairman Deepak Singh, yielded several key decisions aimed at progressing various development projects in the city. “A Rs 48.81 crore tender was approved for constructing a…

InfrastructureLatest Stories

Bhopal, Indore to Develop as Metro Regions in 25-Year Plan

BHOPAL: On Tuesday, the House approved the Metro Area Bill, aiming to designate Bhopal, Indore, and nearby districts as metropolitan areas similar to the National Capital Region (NCR). Urban development minister Kailash Vijayvargiya opened the debate, stating that the bill is part of a long-term plan to tackle development challenges projected over the next 25 years. Notably, the NCR includes Delhi and adjoining regions of UP, Haryana, and Rajasthan. Vijayvargiya highlighted PM Narendra Modi’s vision to develop India into a prosperous nation by 2047, emphasizing that states must contribute to achieving this goal. During Vijayvargiya’s speech about planning for sustainable…

IndustryLatest Stories

MPIDC Allocates 23 Plots in Pithampur Sector 7 Land Pooling

Representative image created by AI INDORE: On Monday, the Madhya Pradesh Industrial Development Corporation (MPIDC) allocated commercial and residential plots to 23 landowners whose land was pooled for the new Sector 7 industrial area in Pithampur. A total of approximately 9.5 hectares, consisting of 10 commercial and 427 residential plots, were assigned to landowners, valued at around Rs 49 crore. These plots were registered from September 1, 2022, to December 31, 2022. The industries department is aggregating land from private owners to develop Indore’s latest industrial expansion—Sector 7 in Pithampur—covering about 2,090 hectares, of which 600 hectares is government land,…