As many as ten people died while three are critically injured as a four-storey building collapsed near Sarwate bus stand in Madhya Pradesh's Indore around 10 on Saturday night.

Police said many people are feared trapped under the debris while rescue operations are underway.

According to Indore Deputy Inspector General of Police (DIG) Harinarayan Mishra, a car rammed into the building, which is said to be about 50 years old. The collapsed building housed MS Hotel, a lodge-cum-eatery.

Madhya Pradesh Chief Minister Shivraj Singh Chouhan announced a compensation of Rs 2 lakh each, to the families of the deceased and Rs 50,000 each for those injured.

#Indore building collapse: #MadhyaPradesh CM Shivraj Singh Chouhan announces compensation of Rs. 2 lakh each, to the families of those who died, Rs 50,000 each, for those inured. The incident claimed 10 lives. ANI (@ANI) April 1, 2018

The district collector has ordered a magisterial inquiry into the incident.

Superintendent of MY Hospital, VS Paul, confirmed the death of ten people, while three are undergoing treatment at the district hospital.

Early morning visuals from #Indore building collapse site, the incident has claimed 10 lives. #MadhyaPradesh pic.twitter.com/rFOLYGMADO ANI (@ANI) April 1, 2018

The owner of the hotel Harish Soni was also killed in the tragedy. Out of the dead, four men and two women remain unidentified.

A nearby building was being demolished as a safety precaution after the MS Hotel building collapsed.

Indore: Three-storey building being demolished for safety reasons after a nearby building collapsed & claimed 10 lives yesterday. #MadhyaPradesh pic.twitter.com/flM1ZF4kX8 April 1, 2018

(With inputs from agencies)

WATCH | CCTV footage shows the moment Indore hotel crumbled to the ground