Advertisement
The Madhya Pradesh Industrial Development Corporation (MPIDC) in Indore has announced the construction of a new IT Park on the Crystal IT Park campus. The new IT Park will span approximately 1.10 lakh square meters and will be available for tech firms to lease or rent. It will have a saleable area of approximately 65,000 square meters and the anticipated construction cost is around Rs 393 crore. It will also include additional amenities such as gyms, meditation rooms, and other facilities for the benefit of the employees.Read more
The Indore Development Authority (IDA) board of directors has formed a committee to review the pending lease renewals of approximately 10,000 plots in Scheme-78 Aranya. The IDA also discussed the proposed master plan of Indore, approving several construction projects, including the development of a sports complex and a swimming pool. They have also resolved to develop four new development schemes in the current financial year.Read more
Advertisement
The registrar’s office in Indore has reported a high number of daily property registrations, with close to 1000 properties being registered every day. The month of March has seen a significant increase in demand for residential apartments, plots, and commercial property, resulting in an estimated income of around Rs 350 crore from the sale deeds of properties. This increase in demand has been further compounded by a rise in the collector’s guideline rates.Read more
Advertisement
