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.
MR 11, Indore
Indore North, 452010- Average Sale Price ₹ 5,050/Sq. Ft.
What’s new in MR 11, Indore? Recent & Future Developments
The Madhya Pradesh Cabinet, in a meeting held in Bhopal, approved a mega development package worth approximately ₹19,810 crore. This package includes substantial investments in public works, irrigation, medical colleges, rural schemes, and women empowerment initiatives. A significant portion, ₹10,801 crore, is allocated to the Public Works Department for infrastructure development,
Shubhashish Homes has entered the Indore real estate market with plans for a 32-acre township project. The upcoming launch of Godrej Plots in Indore is projected to be a significant investment opportunity, driven by the city's rapid urbanization, government 'Smart Cities Mission' initiative. A report by MP RERA)indicates that Indore continues to lead in the registration of real estate projects in Madhya Pradesh.
The final National Lok Adalat of 2025 significantly aided the Indore Municipal Corporation (IMC) by collecting over Rs 101 crore in a single day. This revenue recovery drive, which saw defaulters paying pending property tax, water tax, and garbage collection charges, will strengthen the IMC's financial position and enable better allocation for civic services.
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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