CM invites investments in MP's real estate sector

Indore: Chief minister Mohan Yadav stated on Friday that the MP govt is committed to exploring and attracting investments in the real estate sector across the state while ensuring the provision of required amenities, including water, electricity, and transportation.

The CM stated that the Growth Conclave, 'Next Horizon: Building Cities of Tomorrow', will give a new impetus to Madhya Pradesh's cities. Referring to two big infrastructures developed in Surat and Ahmedabad, Yadav said that at least 10 such markets should be built in MP as well. "MP, which is centrally located, has great potential for the real estate sector," he said.

"Around 20 years ago, MP struggled for basic amenities, including water, electricity, and roads. Today, MP is supplying electricity to run the Metro train in Delhi. Using its resources, MP is on the path of progress but is also serving the country," he said, adding that the concept of a 'Metro City' will also be realised in MP.

"MP has now built around 5 lakh km of roads, and as the state is centrally located, it is very beneficial for us," he said, adding that MP is working on all sectors, including road infrastructure, medical, industrialisation among others.

He emphasised that accessible, swift, and safe transportation is the backbone of any modern city. Keeping future transportation needs in mind, the Bhopal and Indore Metro projects are being expedited. Multimodal transport hubs are being developed in cities like Jabalpur and Gwalior, and 582 electric buses will be introduced under the Pradhan Mantri E-Bus Seva Yojana in Bhopal, Indore, Gwalior, Jabalpur, Ujjain, and Sagar.

Yadav affirmed that parallel to industrial development, rapid and large-scale work began in every sector, from metro and multimodal transport to lake conservation and smart command centres. He stated that this is just the beginning, and efforts will continue at a fast pace with everyone's cooperation. He also pledged to expedite and complete the redevelopment of the Hukumchand Mill land.

He said that the conclave also saw significant MoUs being signed to accelerate urban development. An MoU between the MP govt and the Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG-N) aims to integrate various components of urban administration through technology for greater efficiency.

Besides, an agreement was executed between the MP urban development company (under the urban development department) and the Housing and Urban Development Corporation Limited (HUDCO).

Additionally, a sum of Rs 3,562.27 crore was approved for 257 projects related to used water management and infrastructure development under the Swachh Bharat Mission.

The event also marked a major milestone in housing development. Under the Pradhan Mantri Awas Yojana, 45,503 beneficiaries received new homes under PMAY 1.0, while 19,541 beneficiaries were handed over approval letters under PMAY 2.0. In total, funds amounting to Rs 2,799.26 crore were transferred to a total of 65,044 beneficiaries.

A large number of investors participated and were provided with detailed information on the state's investment policies, industrial infrastructure, single-window system, and its vast potential.