Indore is gearing up for a mid-term revision in its property guideline values, with the District Level Evaluation Committee proposing a significant hike in rates across 469 locations. The revision aims to increase property values by as much as 31% in some areas, while also adding 105 new colonies to the valuation list. The move has sparked mixed reactions from residents and industry stakeholders alike.
The proposed increase is part of a larger effort by the Indore Stamp and Registration Department to meet ambitious revenue targets. In the previous financial year, the department generated Rs 2,540 crore in revenue. With the state government setting a target of Rs 3,150 crore for the 2024-25 fiscal year, the revised guideline values are seen as key to achieving this goal. The hike is proposed across a range of locations, with 112 areas set to experience an increase of 0-10%, 190 areas marked for a 11-20% rise, 77 areas slated for a 21-30% hike, and 90 locations facing increases of more than 31%. However, the proposed changes have been met with resistance. Local residents have voiced concerns over the fairness of these hikes, especially for newly developed colonies and areas that may not have the infrastructure to support such increases.
Indore District Registrar confirmed that the committee had invited suggestions, claims, and objections by November 4. By the deadline, the committee received nearly two dozen responses, some calling for higher property rates in specific areas, while others expressed dissatisfaction with the valuation of newer colonies. The final guidelines will be sent for review to the Bhopal-based central evaluation committee for approval in the coming days. While the revenue boost is seen as essential for funding urban development projects, many residents are questioning the timing and the priorities behind the rate hikes. Raghuram, a local property owner in the city, noted that the rate hikes could make housing unaffordable for many, particularly for first-time buyers. “These revisions will hit the pockets of average citizens hard,” he remarked. “Instead of focusing on rate hikes, the government should focus on improving essential services like roads, drainage, and public transport.”
A key concern among residents is the ongoing lack of infrastructure development in many areas of the city. Several residents have pointed out that while property rates are rising, basic civic amenities such as roads, public transport, and water management systems remain underdeveloped. Localities like Banaswadi, for example, continue to struggle with poorly maintained roads and inadequate public facilities. There is a growing call for better infrastructure planning before property rates are revised. The debate over property rate hikes reflects a larger trend in urban development across India, where rapid urbanisation often outpaces infrastructure improvements. The challenge lies in ensuring that the benefits of development are equitably distributed and that the growth in property values is supported by tangible improvements in quality of life for residents. As the final approval for the revised guideline values is awaited, it remains to be seen how the committee addresses the concerns of residents and balances revenue generation with the need for sustainable, equitable urban growth.
