SBI Term Loan: RLLR: 8.15 | 7.25% - 8.45%
Canara Bank: RLLR: 8 | 7.15% - 10%
ICICI Bank: RLLR: -- | 8.5% - 9.65%
Punjab & Sind Bank: RLLR: 7.3 | 7.3% - 10.7%
Bank of Baroda: RLLR: 7.9 | 7.2% - 8.95%
Federal Bank: RLLR: -- | 8.75% - 10%
IndusInd Bank: RLLR: -- | 7.5% - 9.75%
Bank of Maharashtra: RLLR: 8.05 | 7.1% - 9.15%
Yes Bank: RLLR: -- | 7.4% - 10.54%
Karur Vysya Bank: RLLR: 8.8 | 8.5% - 10.65%

Location : Indore

Indore Municipal Corporation seals 36 shops over unpaid property tax and garbage fees

22 Aug 2025

The Indore Municipal Corporation (IMC) recently sealed 36 shops on the first floor of Siddhi Vinayak Market 2 on Jail Road due to non-payment of property tax and garbage collection fees. Officials clarified that the action followed repeated notices and ample time given to shopkeepers to settle their dues. Shopkeepers can have the seals removed by submitting registration documents, opening property tax accounts, and paying the pending amounts. The IMC emphasized that timely tax compliance is essential to maintain municipal services and infrastructure.Read more

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Indore: IDA to build PMAY housing for families displaced by MR-10 expansion

14 Aug 2025

Indore Development Authority approved an integrated plan to construct high-rise housing under the Pradhan Mantri Awas Yojana Urban 2.0 for families displaced by the MR-10 corridor expansion. Alongside this, the board cleared several large-scale infrastructure works including a Rail Over Bridge, power line relocations, and a new link road equipped with street lighting. These projects are aimed at improving road connectivity, easing utility constraints, and supporting the city's growing residential demand.Read more

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Indore land scam worth INR 100 crore uncovered after audit reveals fake registries

01 Aug 2025

Authorities in Indore have uncovered a major land registry scam worth INR 100 crore, involving forged property documents dating back to 1957. An internal audit revealed mismatches in buyer-seller details and missing thumb impressions in 18 suspicious registry entries. A five-member committee confirmed tampering of official records, prompting an FIR under multiple sections of the IPC. The police are investigating possible collusion among registration and municipal staff. The fraud spans residential, commercial, and agricultural plots in prime city locations. In response, a ban was recently imposed on notarising high-value property documents. Forensic verification is underway, with arrests expected as the case unfolds.Read more

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Indore becomes first Indian city to assign digital addresses with QR codes

01 Jul 2025

Indore has taken a major step in digital governance by becoming the first Indian city to launch a QR-code based digital address system. Starting with Ward 82 in Sudama Nagar, every house is now being equipped with a GPS-linked QR code plate that opens a unique digital profile via the national DigiPIN platform. Residents can now access services such as tax payments, utility bills, civic records, and emergency assistance through their phones. This pilot is free of cost and aims to gradually cover around 700,000 properties. The initiative also promises future infrastructure upgrades in the area.Read more

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Indore's flagship development projects set to transform the city into a sustainable urban hub

30 May 2025

Indore, renowned as the commercial capital of Madhya Pradesh, is undergoing a major transformation driven by extensive development projects aimed at boosting its infrastructure and urban ecosystem. With a population surpassing 3 million, the city's strategic importance as an industrial, commercial, and educational hub has attracted substantial investment from both state and central governments alongside private partners. Key projects such as the Indore Metro, Ring Road, Smart City Mission, airport expansion, and upgrades in water, sanitation, and industrial infrastructure are reshaping the city's landscape. These initiatives reflect a concerted effort to establish Indore as a leading example of sustainable urban growth in India.Read more

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Indore administration targets illegal property developments with registration cancellations

30 May 2025

The Indore district administration has initiated legal proceedings to cancel property registrations in unauthorised colonies, aiming to curb rampant illegal development in the region. This decisive action follows directives from the district magistrate, who has also urged that developers behind these illegal layouts be held accountable. In addition to reversing plot sales, the administration plans to ensure that affected buyers receive refunds. This move reinforces the city's stance on enforcing urban planning regulations and discouraging unregulated expansion.Read more

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Indore to build 1,000+ affordable homes under PMAY 2.0 in Gram Sindhora

15 May 2025

The Indore Municipal Corporation (IMC) has given in-principle approval for constructing over 1,000 affordable housing units in Gram Sindhora under PMAY 2.0, targeting economically weaker sections. The plan was approved during a mayor-in-council meeting, reflecting IMC's focus on addressing housing shortages. The meeting also cleared the formation of a Disaster Management Cell, appointing trained volunteers in each ward. Additional initiatives include city beautification through public participation, a survey and registration drive for street vendors, reimbursement for concessional travel passes, and a PPP-led clothes reuse project under the 3R model. These efforts aim to build a more inclusive, resilient, and sustainable Indore.Read more

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Indore emerges as a model tier-2 city with major infrastructure upgrades

07 May 2025

Indore is emerging as a model for urban innovation with a INR 15,000 crore metro project at its core. The 124 km network's first phase-the 33.53 km Yellow Line-connects key hubs like Palasia, Rajwada, and the airport, with operations set for early 2025. The 713 km Hyderabad-Indore Expressway will enhance trade and connectivity by March 2025. Under the Smart Cities Mission, Indore has revamped Rajwada, installed digital control centers, and modernized civic services. Backed by a forward-looking 2024-2035 Master Plan, the city is integrating green corridors, zoning reforms, and EV mobility, positioning itself as a leading tier-2 smart city.Read more

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Indore Development Authority proposes INR 1,650 crore budget for new residential projects

01 Apr 2025

The Indore Development Authority (IDA) is set to propose an INR 1,650 crore budget for the upcoming financial year, with a focus on launching new residential schemes. The budget also includes provisions for urban infrastructure projects, including a convention centre near the Super Corridor and two Inter-State Bus Terminals (ISBTs) on Bhopal and Dhar roads. These developments are expected to boost real estate activity in Indore by providing better connectivity and modern facilities. If approved, the budget will play a crucial role in shaping the city's urban landscape and attracting further investments.

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Indore emerges as MP's green building leader with 170 certified sustainable projects

01 Apr 2025

Indore leads Madhya Pradesh in green building development, with 478.3 million sq ft of eco-friendly spaces, out of the state's total 500.4 million sq ft, according to the Indian Green Building Council (IGBC). Hosting 170 certified green projects-150 rated gold-the city showcases leadership in sustainable urban planning, integrating energy-efficient designs, renewable energy, and smart infrastructure. Indore, along with Bhopal and Ujjain, has adopted efficient waste, water, and green mobility systems. Challenges include high investment costs and limited professional training. IGBC's Indore Chapter has suggested incentives and partnerships with CREDAI to promote sustainable construction. Nationally, IGBC has 13.26 billion sq ft of green building footprints across 15,500 projects.Read more

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Indore: IMC demolishes illegal penthouse and commercial structure in Dhar Kothi

27 Mar 2025

The Indore Municipal Corporation (IMC) took action against unauthorized constructions in Dhar Kothi on Thursday, demolishing a penthouse and commercial structure built as part of a three-storeyed building at 76 Dhar Kothi under Zone 11. The structures were reportedly constructed in violation of approved plans. The IMC team, equipped with earthmoving machinery, swiftly removed the illegal portions of the building. Officials stated that this demolition is part of IMC's ongoing campaign against unauthorized constructions, with further actions planned for similar violations across the city.

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Indore Municipal Corporation plans an INR 8,000 crore budget with a focus on infrastructure

25 Mar 2025

The Indore Municipal Corporation (IMC) is preparing a proposed budget of around INR 8,000 crore for FY 2025-26, focusing on urban development and governance improvements. Key initiatives include constructing a new IMC headquarters, acquiring modern machinery, and restoring Bilawali Pond under the PPP model with plans for sports and leisure activities. IMC also plans to launch a digital revenue collection portal and conduct a GIS survey for accurate property tax assessments. Additional measures include developing fish parlours, treated water pipelines, and integrating advertisements from various departments. The IMC will soon issue a tender for the removal of the BRTS Corridor.

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Indore Metro News: HCC-Tata Projects JV wins INR 2,191 crore contract for Indore's first 8.65-km underground metro corridor

21 Mar 2025

HCC-Tata Projects JV has secured a INR 2,191 crore contract from MPMRCL for Indore Metro Phase 1's first 8.65-km underground corridor. This segment, the metro's only underground section, includes 11.32 km of tunnels and seven stations at key locations like Indore Railway Station and Airport. The corridor will enhance city connectivity, easing congestion and improving accessibility. HCC, holding a 55% stake in the JV, brings extensive metro experience, with ongoing projects in Mumbai and Chennai. Using tunnel boring machines (TBM) for precision and minimal surface disruption, the project will ensure efficient metro operations, reinforcing HCC's role in urban transit infrastructure.Read more

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Indore set for 26% average hike in property guideline rates next fiscal

20 Mar 2025

The Indore Stamp and Registrar Department, a key contributor to Madhya Pradesh's revenue through property registrations, has proposed a substantial average increase of 25.95% in the collector's guideline rates for the upcoming financial year. This revision is expected to boost the department's revenue from INR 2,600 crore, as projected by the end of the current financial year, to over INR 3,200 crore in 2025-26. A District Valuation Committee meeting, led by senior district officials, approved the rate hike, with some areas witnessing unprecedented increases of up to 273%, particularly in developing zones such as the Super Corridor in Bihadiya village. Agricultural land rates along major corridors are also set for steep hikes.Read more

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Indore merges 500 property registration centers to boost efficiency

19 Mar 2025

Indore's stamps and registrations department has merged about 500 smaller property registration centers with larger ones to improve efficiency and streamline real estate transactions. This restructuring, achieved through polygon mapping, has reduced the number of registration locations from 5,124 to 4,613. Around 3,200 locations will see guideline rate hikes of 20% to 100%, and 150 new colonies will be added to the collector guidelines. The move aims to simplify property registration, boost revenue, and support Indore's growing real estate market. Final approval is expected soon, shaping property transactions in the city for the upcoming financial year.Read more

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Indore administration seals properties over unpaid land diversion tax

10 Mar 2025

The Indore district administration has intensified its crackdown on land diversion tax defaulters, sealing properties of major offenders. Vidyut Mittal's office in Mhowgaon was sealed over INR 18 lakh unpaid tax, while Shobhit Shanti Niketan Farmhouse in Jhalaria faced similar action for INR 2 lakh dues. With a target of INR 120 crore for the financial year, only INR 45 crore has been collected so far, prompting stricter enforcement. Officials warn further property seizures if dues remain unpaid. This aggressive tax recovery drive reflects the administration's firm stance on compliance and revenue collection to meet fiscal goals.Read more

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Indore Infrastructure: IMC identifies 6,000 structures for removal in major infrastructure projects

05 Feb 2025

The Indore Municipal Corporation (IMC) is undertaking 22 major road and riverside projects but faces a crisis in relocating 6,000 affected families, with only 200 flats available. Of 2,875 structures marked for road expansion, only 5-7% will be fully demolished. The IMC has received INR 511 crore under the National Mission for Clean Ganga for river rejuvenation, requiring the removal of nearly 3,000 homes. While 1,047 PMAY flats are under construction, additional housing solutions are being explored. The challenge underscores the city's struggle to balance infrastructure growth with housing needs, prompting calls for better relocation planning.Read more

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Indore Development Authority to auction 31 properties, aiming to generate over INR 1,000 crore

23 Jan 2025

The Indore Development Authority (IDA) has listed 31 properties for auction through online bidding, targeting revenue of more than INR 1,000 crore. These properties, spread across seven locations, include residential, commercial, semi-commercial plots, and specific allocations like petrol pump land and industrial spaces. IDA CEO RP Ahirwar highlighted that the properties, valued at INR 978 crore, are expected to attract bids ranging from 10% to 50% above the base price. Known for their legal clarity and modern amenities, the properties are anticipated to appeal to investors. Revenue from the sales will support major development projects, including flyovers.Read more

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Indore launches 100-day Climate Mission to become the world's first energy-literate city

20 Jan 2025

Indore, in collaboration with the Energy Swaraj Foundation, launched the 100-day 'Indore Climate Mission' to become the world's first energy-literate city. Aimed at reducing electricity consumption, carbon emissions, and promoting sustainability, the mission emphasizes "invisible waste" (carbon-related) reduction. Indore Mayor Pushyamitra Bhargava highlighted the city's legacy of environmental leadership, with a Climate Action Plan and efforts to cut electricity use by 50%. Founder Prof. Chetan Singh Solanki announced plans to educate 3-5 lakh residents on energy literacy, encouraging 7-10% voluntary reductions in energy use. The mission, including "Climate Chaupal" events, aims to save 20 crore electricity units in one year.Read more

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Indore Metro's Yellow Line: A 33-km loop to boost connectivity across the city

Vidhi Sangoi

26 Dec 2024

The Indore Metro is a cutting-edge mass rapid transit system currently under construction in Madhya Pradesh's largest city. Designed to alleviate traffic congestion and promote sustainable mobility, its first phase centers on the 33.53 km Yellow Line loop with 29 stations. Developed by the Madhya Pradesh Metro Rail Corporation Limited (MPMRCL), the project incorporates both elevated and underground sections, modern CBTC signaling, and air-conditioned trains for passenger comfort. Though delayed by the pandemic and logistical hurdles, trial runs have begun on a 5.9 km priority stretch. Expected to open partially in early 2024, the Indore Metro aims to revitalize urban travel, enhance connectivity, and improve quality of life for residents.Read more

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