Tag: Indore

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,…

Latest StoriesRegulatory

Indore Cops File FIR in ₹100 Crore Land Registry Scam

INDORE: A case has been registered in Indore, Madhya Pradesh, regarding an alleged land registry scam estimated at ₹100 crore, based on current market values of certain plots and properties, as stated by a police official on Monday. The district administration established a five-member inquiry panel after uncovering numerous suspicious documents in the record room of the state registration department. This led to the filing of an FIR under sections 420 (cheating) and 467 (forgery of documents) of the Indian Penal Code against unidentified individuals, following the panel’s report. “The FIR was filed at Pandrinath police station late Sunday night…

IndustryLatest Stories

CM Welcomes Investments in Madhya Pradesh Real Estate

INDORE: Chief Minister Mohan Yadav announced on Friday that the Madhya Pradesh government is dedicated to attracting investments in the real estate sector while ensuring necessary amenities like water, electricity, and transportation. The CM mentioned that the Growth Conclave, titled ‘Next Horizon: Building Cities of Tomorrow’, aims to advance urban development in Madhya Pradesh. He highlighted successful infrastructure projects in Surat and Ahmedabad, proposing the establishment of at least ten similar markets in MP. “Being centrally located, MP possesses excellent potential for the real estate sector,” he remarked. “Two decades ago, MP faced challenges with basic amenities such as water,…

IndustryLatest Stories

Omaxe to invest ₹1,200 crore in 450-acre Indore township

Representative image created by AI NEW DELHI: Omaxe, through its subsidiaries, plans to expand in Madhya Pradesh by acquiring a 450-acre land parcel along the Super Corridor in Indore. The company aims to develop an integrated township on this site with an estimated investment of ₹1,200 crore. The project will be executed in multiple phases and is anticipated to generate ₹2,500 crore in revenue over the next three years. Funding for the project will primarily come from internal accruals. The upcoming township will include a mix of residential plots and clusters, commercial and retail spaces, hospitality areas, as well as…

InfrastructureLatest Stories

Land Pooling Begins for Indore-Pithampur Economic Corridor

AI-generated Representative Image INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) has initiated land pooling for the proposed 19.60 km Indore-Pithampur Economic Corridor, which will host commercial and industrial ventures along both sides. This infrastructure project aims to improve connectivity between Pithampur, the airport, and other vital urban areas, thereby facilitating commercial and industrial growth in the state. MPIDC’s Indore Executive Director, Himanshu Prajapati, stated, “The layout for the proposed corridor has been finalized, and we have begun the land pooling process. We have received consents for over 250 acres and are actively collecting documents from landowners.” The corridor will…