Flats for sale in Indore Indore

In a move to boost real estate development in the state, the Madhya Pradesh government has approved the Real Estate Policy, 2019, under which the number of the documents to be submitted by developers for their projects has been reduced to five from 27. The new policy has already been approved by the state Cabinet. The decision is expected to cut down the red-tapism in project building.

Madhya Pradesh Chief Minister Kamal Nath on September 26, 2019, laid the foundation stone of the Bhopal Metro rail project. Under the project, which is estimated to cost the government over Rs 6,941 crore, 28 stations would be built across the city to provide it with a mass rapid transit system. Phase-I of the project is likely to be complete by December 2022.

People have this common misconception that west-facing houses are not auspicious and are unlucky for the owners. However, Vastu Shastra says that all directions are equal and there is nothing good or bad if certain rules are followed. Here’s what experts say.

Indore’s Super Corridor is an eight-km highway stretch that is being developed as New Indore on the outskirts of the main city. The corridor runs between the Airport Road and MR 10 with a width of 600 m, excluding a 75-m wide road. According to the 2021 Master Plan of the city, over 18 activities on the corridor, including corporate offices, malls and multiplexes, can be taken up along the area.

India, at 7-8 per cent every year, is one of the fastest growing construction markets in the world. The segment is estimated to be the third largest in the world, with a size of $1 trillion by 2025. Following this, we asked developers on the future of technology within the construction sector.