Property rates in 2,624 locations in Indore to go up

Indore: Real estate in over 2,000 areas of Indore will get expensive from Wednesday, when the new collector guideline rates for 2026-27 financial year will take effect.Out of 4,590 surveyed locations, prices have been hiked in 2,624 areas, marking an average district-wide increase of 26%.Tuesday, the last day of the financial year, saw massive rush at sub-registrar offices as residents scrambled to register properties under old rates. Despite banks remaining open to facilitate transactions, several advocates reported technical glitches and ‘slot limits' due to the heavy volume of late-night filings.While registration department saw an increase in revenue, compared to previous year, the number of registered documents actually decreased, signalling a slowdown in the real estate sector.As per the official records, the department recorded total revenue of Rs 2,528 crore in 2024-25 with 1,93,545 property registrations, while in 2025-26, the revenue increased to Rs 2,716 crore (+7.41%), but the number of documents registered was 1,89,545 (-2.09%).In previous years, Indore typically saw a revenue jump of nearly Rs 400 crore; however, this year the department managed an increase of only Rs 188 crore. Experts attribute this to a lack of new master plan announcements and the ongoing ban on construction permissions in 79 peripheral villages.Approximately 57% of the locations in district will see a price hike. Strategic areas linked to govt infrastructure projects, such as Greenfield Corridor and Outer Ring Road, have seen the most significant adjustments to facilitate land acquisition. The key villages affected include Malakhedi, Sinnot, Kadwali Buzurg, Ralamandal, Gulawat and Chithoda. The stamp and registrar department has added 422 new locations to the guidance list for 2026-27.Property experts predict a temporary lull in secondary market transactions as buyers adjust to the higher stamp duty costs necessitated by these increased valuations.Table:Getting Expensive| Registration Area | Total Locations | Locations with Hiked Rates | Primary Localities || --- | --- | --- | --- || Indore-1 | 571 | 213 | Central City Areas || Indore-2 | 914 | 305 | Navlakha, Khandwa Road || Indore-3 | 791 | 676 | Vijay Nagar, Dewas Naka || Indore-4 | 540 | 364 | Super Corridor, Airport Road || Mhow | 726 | 513 | Pithampur Road / Rural Mhow || Sanwer | 602 | 440 | Ujjain Road Stretch || Depalpur | 446 | 113 | Rural Depalpur || TOTAL | 4,590 | 2,624 | |Vijay Nagar and Dewas Naka stretches remain among the most affected urban pockets.
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