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

Underground metro station clearance in Indore sparks housing relocation dispute

25 Feb 2026

Plans to remove 16 homes in the Piliyakhal area of Indore to make way for an underground metro station near the Bada Ganpati site have advanced to the stage where demolition is scheduled for later this month, local officials say. Sixteen properties listed on official records are to be cleared, but residents say 28 families currently live there and are seeking alternative rehabilitation closer to their original neighbourhood. Authorities have proposed relocating the affected households to flats in the Tapti Complex at Rangwasa under the national housing programme, with INR1.29 crore already deposited for 16 units, though many residents argue that the distance will disrupt daily routines and children's schooling. Administrative officials have moved to address concerns by assuring support with school admissions for children under the Right to Education scheme while the relocation process progresses.Read more

cover photo

Sixteen homes to be removed in Indore to clear site for underground metro station

Indore News Desk

22 Feb 2026

Sixteen residential structures in the Piliyakhal area of Indore are scheduled for demolition to make way for an underground metro station near the Bada Ganpati locality, sources reported, as the city's metro project advances toward new construction phases. Although official records recognise 16 houses on the site, residents maintain that about 28 families currently reside there and are demanding housing allocations that reflect that number. The metro authority has deposited INR 1.29 crore with district officials to facilitate relocation of affected families to flats constructed under the Pradhan Mantri Awas Yojana at the Tapti Complex in Rangwasa, but concerns about commuting, educational disruption for children and employment access have been raised. Local negotiations with authorities are ongoing as the relocation and demolition plan progresses alongside broader infrastructure works tied to the city's rapid transit expansion.Read more

cover photo

Indore set to expand electric bus fleet with 150 new vehicles under PM scheme

Indore News Desk

07 Feb 2026

Indore is preparing to add 150 electric buses to its public transport network under the central government's PM E-Bus Scheme, which plans a total of 582 buses across several cities. The buses will provide air conditioned, zero-emission travel, connecting homes, offices, schools, and markets. Central support includes 60% of depot costs and full funding for charging infrastructure, linked with AMRUT 2.0. Phase 2 will extend services to Rewa and Dewas, aiming to green 20% of urban fleets by 2028. This move complements ongoing efforts to reduce emissions and improve commuter experience.Read more

cover photo

Indore flyover projects deadline extended to June 2026 amid construction delays

24 Jan 2026

The completion of four major flyover projects in Indore has been extended to June 2026, with a combined investment of INR 267 crore. These projects aim to ease traffic at key junctions including Dewas Naka, Musakhedi, IT Park, and Satyasai squares. A recent inspection by city officials highlighted delays caused by minor encroachments and logistical challenges. Measures have been introduced to manage traffic, improve safety, and ensure construction quality. The revised timeline allows authorities to focus on timely delivery while maintaining standards across all sites.Read more

cover photo

IIT Indore launches AI-driven system to improve road safety and traffic management

14 Jan 2026

IIT Indore has introduced an AI-based traffic management system, Cellular Vehicle-to-Everything (C-V2X), to improve road safety and reduce congestion. The system enables vehicles to communicate in real time with each other and roadside units, sending alerts about accidents, traffic jams, and poor road conditions using 4G LTE and 5G networks. The technology also uses intelligent resource allocation to efficiently manage limited wireless communication, ensuring timely delivery of critical safety messages. This initiative strengthens India's readiness for connected and autonomous vehicle technologies and smarter urban mobility.Read more

cover photo

Indore’s five-year plan to replace slums with formal housing

21 Dec 2025

Indore is advancing a comprehensive housing initiative to achieve slum-free status within five years. The city plans to construct over 16,000 multi-storey homes in the next three years under PMAY 2.0, as part of a larger goal of 1.5 lakh houses. The project covers flats built by the municipal corporation, rental housing, and homes supported by individual subsidies. Strategically chosen sites and submitted DPRs aim to relocate slum residents, removing encroachments that impede development projects and Master Plan roads, reinforcing the city's commitment to organized urban growth.Read more

cover photo

Indore Metro plans 8.7 km underground line between Khajrana and the Airport

21 Dec 2025

The Indore Metro project has revised its alignment, with the stretch between Khajrana Square and the airport now planned entirely underground. The total project cost has risen from INR7,500.80 crore to INR12,088 crore, with the state government covering around INR800-900 crore of additional underground construction expenses. The full corridor remains 31.32 km, including 7 underground and 21 elevated stations. Authorities cited commuter convenience and traffic management as reasons for the change. The underground design aims to reduce urban disruption while improving connectivity and travel efficiency.Read more

cover photo

Indore Metro plans extension to Radisson Square to boost connectivity

17 Dec 2025

The Indore Metro project is moving into its next development phase, with authorities working to extend the operational corridor up to Radisson Square, a major commercial and hospitality hub. The expansion will convert the existing Super Priority Corridor into a longer stretch of nearly 17 km, improving connectivity and passenger reach. Most civil and systems work on the extended corridor is nearing completion. Chief Minister Shri Mohan Yadav is expected to review project progress soon, including timelines and alignment plans. Proposals such as limited underground sections in congested areas are also under consideration. The extension is aimed at boosting public transport usage, easing traffic congestion and supporting Indore's long-term urban mobility and infrastructure growth plans.Read more

cover photo

Indore Metro completes trolley trial on 11 km stretch ahead of service launch

02 Dec 2025

Indore Metro conducted an 11?km trolley trial from Malviya Nagar Square to Super Corridor 2, with MPMRCL MD S Krishna Chaitanya inspecting civil works, lifts, escalators, ticketing areas, control rooms, and track systems at multiple stations. This trial is a key step toward extending metro services beyond SC 03. Following earlier successful runs, including a 5 km stretch from SC-03 to MR-10, the inspections reflect steady progress in phase?II expansion. Authorities are focused on completing all remaining works on time while ensuring high standards, aiming to provide safe, reliable, and eco-friendly metro services.Read more

cover photo

Indore Metro gets new underground route after public concerns over elevated plan

10 Nov 2025

The Madhya Pradesh government has approved a major realignment of the Indore Metro, shifting part of the route underground through key city areas between Khajrana Square, Palasia Square, and Bada Ganpati. The change follows public concerns over the elevated route's impact on traffic, properties, and safety. Though tunnelling will increase project costs, the government has pledged to fund the additional expense to keep timelines on track. The metro, spanning 31.32 km with 28 stations, aims to enhance mobility for 3.5 million residents. The underground shift reflects a citizen-centric approach to urban planning, ensuring smoother execution and long-term environmental and commuter benefits.Read more

cover photo

Indore Metro completes trial run to Radisson Square, aims for January launch

20 Oct 2025

The Indore Metro project marked a significant advancement by conducting a trial run on a newly extended route reaching Radisson Square, covering Vijay Nagar and Sukhlia for the first time. The technical team ran the train from Gandhi Nagar through Heera Nagar Square, culminating in the new stretch after roughly one hour. The Madhya Pradesh Metro Rail Corporation aims to begin commercial services on this extension by January, and the expansion is expected to boost ridership in the newly served localities.Read more

cover photo

Micro Mitti to invest INR 400 crore in developing 30-acre green township in Indore

15 Oct 2025

Micro Mitti will invest INR 400 crore to develop Madhuvan Township, a 30-acre green residential project in Indore featuring 465 villas. The township is designed to prioritize health and well-being, marking a shift from traditional real estate measures like location, size, and cost. Founded in 2023, Micro Mitti focuses on democratizing access to institutional-grade real estate assets and enabling long-term wealth creation for investors. Earlier this year, the company raised INR 90 crore to expand its operations, highlighting growing interest in innovative, structured real estate investment opportunities in India.Read more

cover photo

MPIDC offers 30-year leases for new IT Park 4 spaces in Indore

08 Oct 2025

The Madhya Pradesh Industrial Development Corporation (MPIDC) is set to invite bids for around 70,000 sq ft of office space in the nearly completed IT Park 4 in Indore. Situated in the Electronic Complex, this development is expected to draw technology, electronics system design and manufacturing (ESDM), and data center companies. MPIDC plans to provide 30-year leases for the offices, while phased allocations for IT Park 3 are scheduled for 2026. These initiatives aim to strengthen Indore's position as a growing hub for innovation and technological investment.Read more

cover photo

Indore metro completes second phase trial run on 5 km stretch

22 Sep 2025

Indore's metro expansion achieved a significant step with a successful trial run of the second phase, covering a 5-kilometer stretch between Super Corridor No. 3 and MR-10 stations. This phase is part of the 17.5-kilometer priority corridor connecting Gandhi Nagar to Radisson Square. The Madhya Pradesh Metro Rail Corporation Limited (MPMRCL) aims to commence commercial operations by the end of October, pending necessary safety approvals. The broader 31.32-kilometer metro project, estimated at INR 7,500.80 crore, is designed to enhance connectivity and reduce traffic congestion in the city.Read more

cover photo

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

cover photo

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

cover photo

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

cover photo

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

cover photo

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

cover photo

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

cover photo