Madhya Pradesh's Real Estate Sector Thrives: CM Dr. Mohan Yadav's Vision for Growth
Madhya Pradesh Chief Minister Dr. Mohan Yadav highlights the real estate sector as a key driver of the state's and nation's economic progress, announcing the development of 10 new smart cities and 10 lakh new houses.
Real EstateMadhya PradeshEconomic GrowthSmart CitiesInfrastructureReal EstateJul 11, 2025
Addressing the conclave, he pointed out that real estate now contributes 8.5% to the national GDP, a significant increase from the earlier 3%. This growth underscores the sector's potential and its impact on the economy.
He announced the development of 10 new smart cities in Madhya Pradesh, modeled after Gujarat’s GIFT City, and the construction of 10 lakh new houses in the state. These initiatives are expected to transform the urban landscape and provide a better quality of life for residents.
According to state government officials, the conclave received investment proposals worth over Rs. 30,000 crore in sectors such as industry, hospitality, real estate, education, renewable energy, and IT. These investments are expected to generate more than 15,000 new job opportunities, further boosting economic growth and employment.
The chief minister also inaugurated and dedicated development works worth Rs. 12,360 crore for the state, including Bhoomi-Pujan for water supply, sewerage, sanitation, and infrastructure projects worth Rs. 5,454 crore. Under the PM Awas Yojana (Urban), grants totaling Rs. 2,799 crore were distributed to over 65,000 beneficiaries, ensuring that the benefits of economic growth reach the grassroots level.
CM Dr. Yadav emphasized that projects like solar energy, greenfield highways, townships, and smart cities will be actively promoted in the coming years. This forward-looking approach aims to create a sustainable and inclusive development model, positioning Madhya Pradesh as a leader in the real estate and infrastructure sectors.
Frequently Asked Questions
What is the current contribution of real estate to India's GDP?
Real estate now contributes 8.5% to the national GDP, a significant increase from the earlier 3%.
How many new smart cities are being developed in Madhya Pradesh?
Madhya Pradesh is developing 10 new smart cities, modeled after Gujarat’s GIFT City.
What is the total investment received at the Madhya Pradesh Growth Conclave 2025?
The conclave received investment proposals worth over Rs. 30,000 crore in various sectors.
How many new houses are being constructed in Madhya Pradesh?
10 lakh new houses are being constructed in the state.
What are some of the key projects inaugurated by CM Dr. Mohan Yadav?
Key projects include Bhoomi-Pujan for water supply, sewerage, sanitation, and infrastructure projects worth Rs. 5,454 crore, and grants totaling Rs. 2,799 crore under the PM Awas Yojana (Urban).
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