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 prepares fresh housing push with tenders for over 8,000 PMAY 2.0 apartments

Indore News Desk

3 hours ago

• Indore Municipal Corporation is set to begin the tendering process for 8,100 housing units under PMAY 2.0.
• The project aims to expand affordable housing availability and support families affected by urban infrastructure works.
• The initiative is expected to strengthen the city's housing stock amid rapid urban growth.
• Authorities view affordable housing as a key pillar of Indore's long-term development strategy.
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Indore Metro set for 17-km rollout as Phase II launch nears

Indore News Desk

19 Jun 2026

Indore Metro is likely to commence operations on its expanded 17-km priority corridor on June 21, subject to final state government approval. The extension adds an 11-km stretch between Super Corridor and Radisson Square, nearly tripling the operational network from 6 km. The route will connect major residential, commercial and transport hubs, including Vijay Nagar, ISBT and MR-10. The corridor has received safety clearance from the Commissioner of Metro Rail Safety, paving the way for wider metro connectivity across the city.Read more

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Indore cracks down on fire safety violations, seals eight commercial establishments

Indore News Desk

17 Jun 2026

• Indore district authorities sealed eight commercial establishments after inspections found major fire safety violations and non-compliance with mandatory norms.
• The action is part of an ongoing city-wide drive targeting commercial buildings that failed to install or maintain required fire protection systems.
• Several of the affected properties were found operating without adequate fire safety infrastructure, while some had non-functional or substandard equipment.
• The administration had previously issued notices and compliance deadlines to hundreds of commercial establishments across the city.
• Officials said inspections and enforcement measures will continue as authorities focus on improving fire preparedness and public safety in commercial buildings.
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Indore emerges as Madhya Pradesh’s top property registration revenue generator

12 Jun 2026

Indore has retained its position as the highest contributor to property registration revenue in Madhya Pradesh, reflecting sustained real estate activity despite rising property valuations and a moderation in transaction volumes. Data from the state registration department shows the city generated the largest share of stamp duty and registration collections among districts in the state. The performance comes amid significant appreciation in collector guideline rates across several micro-markets and continued demand for residential and commercial assets. Officials attribute the strong revenue generation to high-value transactions, infrastructure-led growth and ongoing urban expansion. The figures underline Indore’s growing significance within Madhya Pradesh’s property market and its role as a key source of revenue for the state government.Read more

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Pride Hotels signs long-term lease for 141-key Pride Plaza in Indore

11 Jun 2026

Pride Hotels Limited has expanded its presence in Madhya Pradesh by signing a long-term lease agreement for a 141-key hotel in Indore. The property will operate under the Pride Plaza brand, becoming the fifth hotel in the company’s Plaza portfolio after Delhi, Ahmedabad, Kolkata and Jaipur. The development also marks Pride Group of Hotels’ second property in Indore, strengthening its footprint in one of central India’s key commercial and industrial centres. The company said the agreement reflects its continued focus on growth through strategic expansion while reinforcing its commitment to the Indore market and the wider region.Read more

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Indore civic body commissions 60 MW solar plant funded through green bonds

04 May 2026

The Indore Municipal Corporation (IMC) has commissioned a 60 MW solar power plant in Khargone district, funded through a public green bond issuance of INR 244 crore, marking a first for a renewable energy project in India. The plant, developed at a total cost of INR 271.16 crore, is spread across 211 acres and is expected to generate 9.60 crore units of electricity annually. The project is aimed at reducing the civic body’s electricity expenditure, particularly for water supply operations, while lowering carbon emissions by an estimated 1.46 lakh tonnes each year. The initiative reflects increasing adoption of sustainable financing mechanisms in urban infrastructure projects.Read more

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Indore demolishes 12 illegal houses, reclaims INR 30 crore government land in Khajrana

27 Apr 2026

The Indore district administration has demolished 12 illegally constructed houses in Khajrana, reclaiming government land valued at around INR 30 crore. The action, carried out earlier this week, covered approximately 30,000 sq ft of encroached land and forms part of an ongoing crackdown on unauthorised occupation of public land. The operation was executed under the direction of the district collector, with support from police and revenue officials to ensure smooth enforcement. Authorities indicated that similar drives will continue across the city to address land encroachments and deter illegal construction activity. The move reflects a broader administrative push to secure public land assets and strengthen regulatory enforcement in urban areas.Read more

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Indore civic body demolishes 16 illegal row houses in crackdown on unauthorised colonies

Indore News Desk

17 Apr 2026

The Indore Municipal Corporation intensified its action against illegal colonies by demolishing 16 unauthorised row houses in Anjani Nagar and Jagdish Nagar. The constructions were carried out without approvals and included illegal internal infrastructure such as roads and drainage. The civic body also raised concerns over fraudulent sales, where such properties are sold to unaware buyers. The action is part of a wider effort to control unplanned growth, as several unauthorised colonies in the city continue to face scrutiny due to lack of clear titles and planning violations.Read more

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Indore authorities issue final ultimatum to 100 commercial buildings over fire safety compliance

12 Apr 2026

Indore's civic authorities have issued a final 48-hour deadline to around 100 commercial buildings to comply with mandatory fire safety regulations, following a city-wide inspection drive. The Indore Municipal Corporation (IMC) and district administration identified serious lapses across 337 buildings, with a significant number lacking basic firefighting systems or having non-functional equipment. Property owners have been directed to install and operationalise fire safety infrastructure within the stipulated period or face sealing of premises and legal action. The enforcement follows a broader compliance drive initiated in the past weeks, aimed at addressing safety gaps in high-occupancy structures. The move reflects increasing regulatory scrutiny of building safety standards in urban commercial real estate.Read more

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Indore property rates revised upward as new guideline values take effect across majority of locations

Indore News Desk

04 Apr 2026

Property rates in Indore have been revised under new collector guideline values for the financial year commencing recently, with increases implemented across 2,624 of the district's 4,590 surveyed locations. The revision translates to an average rise of around 26%, with significant adjustments in key urban and peri-urban corridors such as Vijay Nagar, Dewas Naka, and the Super Corridor. The updated rates are aimed at aligning government-notified values with prevailing market prices and supporting land acquisition in infrastructure-linked areas. Despite a rise in stamp duty revenue to approximately INR 2,716 crore in the previous financial year, property registrations declined marginally, indicating a divergence between value growth and transaction volumes.Read more

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Laxyo files IPO papers to raise INR 150 crore, plans debt repayment and expansion

30 Mar 2026

Indore-based infrastructure company Laxyo Ltd has filed draft papers with Securities and Exchange Board of India to raise INR 150 crore through an IPO. The issue will be entirely fresh equity with no OFS component. A significant portion of the proceeds will go towards debt repayment, equipment purchase, and working capital needs. The company, which operates across multiple sectors including railway infrastructure and mining, has also entered the African market with a new project in Zambia, marking a key step in its global expansion strategy.Read more

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Indore Metro completes 80 kmph trial run, awaits final safety clearance

Indore News Desk

22 Mar 2026

Indore Metro has completed high-speed trials at 80 kmph on an extended stretch, marking a key step before expanding passenger operations. The Commissioner of Metro Rail Safety (CMRS) carried out detailed inspections of stations, systems, and safety mechanisms, including emergency braking and signalling checks. With inspections now complete, the project is awaiting the final No Objection Certificate. Once approved, the operational corridor will increase from 6 km to around 17.5 km, improving connectivity between the airport zone and major commercial areas such as Vijay Nagar.Read more

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Indore advances INR 416 crore Kanh river cleaning project to prevent sewage flow into Ujjain’s Kshipra ahead of Simhastha 2028

Indore News Desk

17 Mar 2026

The Indore Municipal Corporation is implementing an INR 416 crore river rejuvenation project to prevent untreated sewage from entering the Kanh river, a tributary that ultimately feeds into the Kshipra river in Ujjain. The initiative is being undertaken under the Namami Gange programme to ensure improved water quality ahead of the Simhastha Kumbh Mela scheduled in 2028, which is expected to draw millions of pilgrims. The project includes the construction of three sewage treatment plants, installation of new sewer networks using trenchless technology, and monitoring infrastructure to manage wastewater flows across the city. Civic authorities are accelerating construction and have directed contractors to increase labour and machinery deployment where progress has lagged. The project is intended to stop polluted discharge from Indore's waterways so that cleaner water flows into the Kshipra during the large-scale religious gathering.Read more

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Indore property rates may rise up to 200% as administration plans to merge 533 registration locations

Indore News Desk

16 Mar 2026

Property guideline rates in Indore are likely to increase significantly as the district administration prepares a revision for the upcoming financial year. Authorities have proposed merging 533 property registration locations to reduce discrepancies in valuation and simplify the registration process. The change may lead to rate increases in nearly 3,000 locations, with some areas seeing hikes of up to 200%, especially in developing outskirts and villages along infrastructure corridors. Officials say the move will help prevent revenue loss and improve transparency, though the city has already seen a nearly 10% decline in property registrations due to rising prices.Read more

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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

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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

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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

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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

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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

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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

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