Recent & Future Developments

What's New in Nihalpur Mundi, Indore

Live news feed — last updated 22 July 2026

22 Jul2026

Lavkush Double-Decker Bridge Partially Opens, Easing Traffic

One carriageway of the under-construction Lavkush double-decker bridge in Indore has been opened to traffic, providing immediate relief to commuters traveling from Ujjain towards Bhanwarkuan and western parts of the city. The full completion of the bridge, costing over ₹175 crore, is anticipated within the next two months.

Source: Free Press Journal, Indian Masterminds

02 Jun2026

Indore Mayor Presents Rs 8,455 Crore Budget Focused on Water Infrastructure Revamp

Indore Municipal Corporation Mayor P. Bhargav presented a budget of ₹8,455.61 crore for 2026-27, with a major focus on revamping the city's water infrastructure. The budget includes the Narmada Project Phase IV, pipeline network overhaul, and the establishment of water testing labs.

Source: The Times of India

20 May2026

WSB Partners Invests Rs 75 Crore in Omaxe Group for Residential Plotted Projects in Indore and Ujjain

WSB Partners has invested Rs 75 crore in Omaxe Group to support residential plotted projects in Ujjain and Indore. This investment underscores the growing attractiveness of Tier II and III cities for institutional capital, driven by rising incomes and infrastructure development. The capital will be used for growth and working capital.

Source: The Economic Times

06 May2026

₹2,360 Crore Indore-Pithampur Economic Corridor Launched to Boost Industrial Growth

The Chief Minister of Madhya Pradesh has launched the Indore-Pithampur Economic Corridor, a significant infrastructure project valued at ₹2,360 crore. This corridor aims to enhance logistics and connectivity between (Super corridor) Indore and Pithampur, fostering industrial growth and creating an estimated 6 lakh employment opportunities.

Source: Free Press Journal, Indianmasterminds.com

21 Apr2026

Indore's Property Rates Set to Increase with New Collector Guideline Rates

Property rates in Indore are expected to become more expensive as the district evaluation committee has finalized new collector guideline rates for the upcoming fiscal year. Hikes have been approved across 2,606 locations, with proposed increases ranging from 10% to 300% in some areas.

Source: The Times of India

Property Demand vs Supply