Tag: Indore

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…

Latest StoriesResidential

Property Rates Rising in 2,624 Indore Locations

INDORE: Starting Wednesday, property prices will increase in over 2,000 areas of Indore due to the implementation of new collector guideline rates for the 2026-27 financial year. Out of 4,590 surveyed locations, prices have risen in 2,624 areas, reflecting an average increase of 26% across the district. On Tuesday, the last day of the financial year, sub-registrar offices experienced a rush as residents hurried to register properties at the old rates. Despite banks being open to facilitate transactions, many advocates reported technical issues and ‘slot limits’ as late-night filings surged. Although the registration department’s revenue increased from the previous year,…

Latest StoriesResidential

500+ Objects Aligned with Collector Guidelines for Indore Property

INDORE: The deadline for submitting objections to the proposed collector guideline rates in Indore closed on Saturday, with nearly 500 formal complaints submitted by residents, real estate experts, and legal professionals. The District Evaluation Committee had previously approved rate hikes ranging from 10% to an alarming 200% across 2,606 locations in the district. Senior district registrar Manjula Patel confirmed that objections were submitted through registration offices, email, and WhatsApp. These will be compiled and reviewed by the District Evaluation Committee before the final proposal is sent to the Central Evaluation Committee in Bhopal by March 24. Many objections point to…

IndustryLatest Stories

Industrial plot allocations in Indore start in April

Representative image INDORE: The Madhya Pradesh Industrial Development Corporation (MPIDC) will commence the allotment of plots in several new industrial zones throughout the Indore region starting in April. The initiative aims to attract sectors like confectionery, food processing, plastics, and other MSME-driven industries. According to Himanshu Prajapati, the executive director of MPIDC Indore region, “MPIDC is planning to begin land allocations in new industrial areas by April. We are developing at least nine new industrial zones in Indore to draw investments across various sectors, including food processing, confectionery, plastics, engineering, and other MSME segments.” Officials indicated that this expansion is…

IndustryLatest Stories

Indore Buildings Have 15 Days to Meet Fire Safety Standards

INDORE: The district administration has initiated a comprehensive crackdown on buildings that do not meet fire safety standards. A 15-day ultimatum has been issued to all G+3 (ground plus three floors) and multi-storey buildings to address their fire safety deficiencies. “Commercial and residential high-rise building owners have two weeks to ensure their fire safety systems are fully operational. Effective Monday, special teams led by Sub-Divisional Magistrates (SDMs) will commence field inspections,” stated Collector Shivam Verma during a key meeting on Sunday. The meeting, which included Municipal Commissioner Kshitij Singhal and other officials, discussed strategies for assessing and penalizing high-risk structures.…

IndustryLatest Stories

Indore: 533 Locations to Merge; Rates Could Rise by 200%

INDORE: The district administration and registration department are in the process of consolidating the Collector’s guideline rates for the financial year 2026-27. This involves the rationalization of locations, merging 533 existing ones to streamline property registration. Currently, document registration in Indore spans across 4,840 designated locations. The new proposal aims to consolidate 533 neighboring locations into clusters of 3 to 4 colonies, which would reduce the total number of locations by approximately 350, ultimately targeting a reduction to around 3,000. Senior Registrar Amaresh Naidu mentioned that varying registration rates within the same area lead to technical issues and revenue loss.…

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…

InfrastructureLatest Stories

Indore: 16 Homes to Be Demolished for Metro Station Next Week

Sure! Here’s a rewritten version of the content: INDORE: Sixteen homes in the Piliyakhal area are set to be demolished next week to make way for a proposed underground Metro station near Bada Ganpati. The rehabilitation process for the residents of Bada Ganpati is progressing rapidly as the project unfolds. Senior administrative officials reported that the Metro management has suggested relocating the affected families to flats constructed under the Pradhan Mantri Awas Yojana in the Tapti Complex at Rangwasa. A sum of Rs 1.29 crore has been deposited with the district administration for the allotment of flats to the 16…

CommercialLatest Stories

Indiqube Spaces Reports ₹17.06 Crore Net Loss in Q3 FY26

NEW DELHI: Indiqube Spaces has reported a net loss after tax of ₹17.06 crore for the quarter ending December 31, 2025, according to a filing with the BSE. The company’s total net income for Q3 FY26 reached ₹411.09 crore. Rishi Das, co-founder and CEO, stated, “With a healthy EBITDA margin of 21% in Q3 FY26, we are optimistic about continued stability in our margins and anticipate a strong closing for the financial year in Q4.” The debt-to-equity ratio improved to 0.15 in Q3 FY26, down from 0.80 in Q3 FY25. ROCE increased to 23% in Q3 FY26, compared to 15%…