Ujjain has overtaken Bhopal in residential project registrations for 2024-25, per MPRERA data, reversing years of dominance by the capital. Developers point to CM Mohan Yadav's hometown advantage and 2028 Simhastha preparations as drivers, while CREDAI Bhopal blames an outdated master plan and RERA hurdles for the slump. This shift signals urbanization trends in Madhya Pradesh.
Bhopal district administration extends deadline for property rate hike objections to March 22 after real estate developers raised concerns about proposed 18% increases affecting development.
Bhopal's district administration proposes an 18% average increase in collector guideline rates for 1,283 locations, sparking opposition from real estate stakeholders who warn of housing affordability issues and economic repercussions. Deadline for objections extends, with CREDAI and public representatives urging a revision.