Madhya Pradesh has approved ₹626.49 crore for land compensation for the Indore-Ujjain Green Field 4-Lane road project, The city is also poised for a broader urban revamp with projects like the Siyaganj Commercial Complex, a residential project on Hukumchand Mill land, and the redevelopment of MIG Colony.
MR 10, Indore
Indore East, 452010- Average Sale Price ₹ 4,500/Sq. Ft.
What’s new in MR 10, Indore? Recent & Future Developments
The Indore Municipal Corporation (IMC) has presented a surplus budget of ₹8,455 crore for the fiscal year 2026-27, prioritizing infrastructure upgrades and water security. Key allocations include the expansion of the Narmada water project (Phase IV) for 24/7 water supply to outskirts and the completion of master plan roads.
In Indore , a Rs 2,300 crore provision is allocated for a flagship plug-and-play IT park, and a Google Cloud Startup Hub is planned to foster AI-driven growth. The Indore-Pithampur Economic Corridor project also receives a substantial allocation of Rs 2,360 crore, expected to accelerate industrial development and job creation.
A 65-meter-long, 400-tonne steel bowstring girder has been successfully placed atop the Luvkush Square double-decker flyover at a height of 23 meters. This girder is part of a new flyover that will pass over the existing Metro line and MR-10 Super Corridor flyover. This development is expected to ease traffic congestion in the area once completed.
The Indore Development Authority (IDA) is actively engaged in numerous infrastructure projects across the city. These include the construction of high-rise apartments for families displaced by the MR-10 road project under the Pradhan Mantri Awas Yojana Urban 2.0, and a 12-meter-wide link road from Ring Road to MR-11 . The IDA has proposed a budget of Rs 15.08 billion for the financial year 2025-26, focusing on traffic management, electrification, water supply, sewage systems.
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