Tag: Ujjain

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…

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…

InfrastructureLatest Stories

MP Cabinet OKs ₹590 Cr for Ujjain’s New Airstrip

Representative AI image BHOPAL: The Madhya Pradesh cabinet, under CM Mohan Yadav, has sanctioned Rs 590 crore for the acquisition of 437.5 acres to establish an airstrip in Ujjain, which will accommodate Airbus A320 aircraft in preparation for the Simhastha Kumbh Mela in 2028. Minister for MSME, Chaitanya Kashyap, stated that this initiative will proceed under the Centre’s RCS-UDAN scheme, with the state providing land to the Airports Authority of India for airstrip expansion. The cabinet has also approved several development projects across irrigation, education, forest conservation, and financial management, with a cumulative budget exceeding Rs 15,000 crore. Among the…

InfrastructureLatest Stories

Sixteen Illegal Structures Razed in Ujjain Area

UJJAIN: On Tuesday, authorities demolished sixteen illegal structures in Begambag, close to the Mahakal temple, in a coordinated effort involving the Ujjain Development Authority, municipal council, and police. “The plots were designated for residential purposes, but they were turned into commercial properties. The leases had expired and could not be renewed, prompting today’s actions,” stated UDA CEO Sandeep Kumar Soni. The operation followed the lifting of stay orders previously granted by lower courts, the High Court, and the Supreme Court. Building owners, who had received notices outlining the legal consequences, voluntarily vacated the sites. The conflict dates back to 1985,…

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…

InfrastructureLatest Stories

Twelve Illegal Houses Razed in Ujjain’s Begambagh Area

Representative image UJJAIN: On Wednesday, the Ujjain Development Authority, supported by an administrative team and the municipal corporation, successfully demolished 12 illegal houses across three plots in the Begambagh area, near the Neelkanth Gate of Mahakal Temple. The properties, owned by the Ujjain Development Authority, were leased for residential use for a period of 30 years. CEO Sandeep Kumar Soni explained, “This action follows the dismissal of the stay by the honorable courts. Although these plots were allocated for residential purposes, they were being used commercially. Moreover, the lease has expired and could not be renewed, prompting this demolition.” The…

CommercialLatest Stories

Ujjain IT Park Expands with Phase II Development

INDORE: The IT Park in Ujjain, currently being developed, is set to expand into phase two, which will accommodate more technology firms and startups. Madhya Pradesh Industrial Development Corporation (MPIDC) has designated a developer for the second phase, covering approximately 1.5 acres. “The plan for the second phase of the IT Park has been approved, and a developer is on board to advance the project. Our goal is to foster an ecosystem and enhance infrastructure for the IT and startup sectors. There is significant demand from tech companies for well-equipped spaces. Phase one has received a positive response, and we…

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…