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: 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.

cover photo

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.

cover photo

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

cover photo

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

cover photo

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

cover photo

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

cover photo

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

cover photo

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

cover photo

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

cover photo

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

cover photo

Indore Development Authority sets 7-day deadline to clear hurdles on 9.4 km MR-12 road project

25 Dec 2024

The Indore Development Authority (IDA) has fast-tracked the long-pending 9.4 km MR-12 road, crucial for connecting the Bypass to Ujjain Road. So far, only 3.5 km is complete, with 31 brick kilns obstructing progress. The district administration has issued a seven-day notice for their removal, rejecting a three-month extension request. Key features include a 100m-long bridge and a 700m railway over-bridge. Set to ease congestion and support the 2028 Simhastha festival, the project reflects the administration's push for better infrastructure while balancing livelihoods and timely execution. Completion is targeted for 2025.Read more

cover photo

Indore Municipal Corporation demolishes illegal structures and removes encroachments

PNT Reporter

20 Dec 2024

The Indore Municipal Corporation (IMC) carried out a demolition drive in Zone 13, removing two illegal constructions. The drive included the demolition of a 3,000 square feet building in Vishnupuri and a 1,500 square feet hostel in Nanak Palace Colony. IMC officials had previously served notices to the building owners to remove the illegal portions, but the owners failed to comply, prompting the demolition. A separate operation in Tulsi Nagar, aimed at enhancing traffic flow, saw the removal of illegal footpath constructions in front of approximately 50 shops. The action is expected to improve the urban environment and residents' quality of life.Read more

cover photo

Indore: IMC's 'Band Baja' tactic prompts defaulters to clear outstanding tax dues

PNT Reporter

13 Dec 2024

The Indore Municipal Corporation (IMC) has intensified efforts to meet its INR 1,000 crore revenue target for 2024-25 by employing innovative strategies, including using drums to publicly alert property and water tax defaulters. This unusual method targets defaulters with property tax dues above INR 50,000 and water tax dues over INR 10,000, prompting many to clear their debts to avoid embarrassment. As of November, IMC has collected INR 575 crore and is confident of achieving its goal with over three months left in the fiscal year. The strategy underscores IMC's focus on robust revenue recovery to fund infrastructure improvements and ensure financial sustainability for the city.Read more

cover photo

Indore to conduct drone survey for clearing encroachments along Kanh and Saraswati rivers

PNT Reporter

02 Dec 2024

Efforts to rejuvenate Indore's Kanh and Saraswati rivers are underway, involving a drone survey to map encroachments within 30 meters of their highest flood level (HFL). The phased project includes removing structures, constructing sewage treatment plants (STPs), and preparing a Detailed Project Report (DPR) to secure funding under the Namami Gange Programme. Notices were issued to 150 encroachments in Kabutarkhana and Machhi Bazaar, with relocations planned for eligible families to PMYA flats. The project also targets encroachments along six major nullahs spanning 57 km.Read more

cover photo

Indore: MPIDC secures land for INR 1,110 crore multi-modal logistic park in Pithampur

26 Nov 2024

Indore is set to enhance its logistics infrastructure with the upcoming Multi-Modal Logistic Park (MMLP) in Pithampur, developed on 112.6 hectares of land acquired by the Madhya Pradesh Industrial Development Corporation (MPIDC). The INR 1,110.6 crore project, funded through a Public-Private Partnership (PPP) model, will integrate road and rail transport to boost supply chain efficiency and reduce costs. Addressing land acquisition challenges, the state approved INR 30.5 crore for double compensation to local landowners. Slated to begin by end-2024, the MMLP is poised to attract investments, create jobs, and strengthen Madhya Pradesh's position as a logistics hub.Read more

cover photo

Indore Municipal Corporation demolishes illegal extensions for road widening in Tigariya Badshah area

25 Nov 2024

The Indore Municipal Corporation (IMC) has cleared illegal extensions from 63 houses in Tigariya Badshah's Nandbagh area to facilitate a 30-metre road widening project aimed at improving traffic flow. Despite prior notices, many residents failed to comply, prompting a demolition drive supported by over 200 IMC staff, police, and heavy machinery. Public announcements and voluntary removals eased the process. This initiative reflects IMC's commitment to addressing unauthorised constructions hindering infrastructure projects. As Indore continues its urbanisation, adherence to building regulations and resident cooperation will be vital for achieving sustainable city development and maintaining urban planning standards.Read more

cover photo

Indore records 12.8% increase in property revenue during festive season in October

21 Nov 2024

Indore recorded property transaction revenue of INR 214 crore in October, a 12.8% year-on-year increase, driven by heightened activity during the festive season. Across the Indore-Ujjain division, revenue from property registrations totaled INR 376 crore, reflecting 15% growth compared to the previous year. Festivals like Navratri and Diwali played a pivotal role in boosting registrations, with Ujjain seeing a 16% rise and Dhar registering a 43% rise. Industry experts attribute the growth to the auspicious timing and ongoing infrastructure projects, such as the metro and flyovers. However, rising property prices are expected to temper further growth in the market.Read more

cover photo

Indore's revised property guidelines show sharp increases, affecting 580 locations

18 Nov 2024

Indore has implemented a second increase in property guidelines this financial year, impacting 469 existing locations and 111 new colonies. Notable hikes include a 600% rise in Mhow and up to 250% at other sites. The revisions are expected to boost government revenue, with the target for the current fiscal year set at INR 3,150 crore. While higher property values could stimulate real estate activity, concerns about affordability are rising, particularly for first-time homebuyers. The trend highlights Indore's growing importance due to improved infrastructure and urban development, signalling both opportunities and challenges for the local real estate market.Read more

cover photo

Indore district administration cracks down on illegal colonies

15 Nov 2024

Earlier this month, the Indore district administration launched a crackdown on illegal and unauthorised colonies, identifying around 100 cases and taking legal action against four colonisers. Following instructions from collector Asheesh Singh, the revenue department thoroughly investigated complaints, revealing that these colonies were built without necessary approvals. As part of preventive measures, the administration decided to mark these plots as 'illegal' in their records, ensuring transparency. Legal actions, including lodging FIRs, have been initiated against the involved colonisers. This action aims to deter future violations and maintain the city's urban planning standards.Read more

cover photo

Indore committee reviews proposed hike in property rates and inclusion of new locations

15 Nov 2024

The District Level Evaluation Committee in Indore has received around two dozen suggestions, claims, and objections regarding the proposed hike in the Collector's guideline for property rates at 469 locations. This mid-term revision includes proposals to increase property values and add 105 new locations to the valuation guideline. The changes aim to generate higher revenue for the state government, with a target of INR 3,150 crore for 2024-25. The revised guidelines will be reviewed and approved by the Bhopal-based central evaluation committee in the coming days.Read more

cover photo