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An Overview of the Bhopal Real Estate Market

Bhopal, the capital of India’s heart, Madhya Pradesh, has a strong history that dates back to the 11th century. This city is majorly divided into two parts called the Old Bhopal and the New Bhopal. This city is in true sense an amalgamation of natural beauty, rich history, modern civilization and urban planning. You can find different types of ancient caves, temples, and monuments along with modern and scientific infrastructures. This is also popularly called the “City of Lakes” because of the two lakes that dominate the city’s landscape.


Infrastructure & Connectivity
The past few years have been the golden years for Bhopal real estate as well as infrastructure. A number of new schools, universities, industries, healthcare institutions and many other things have been set up to improve the city’s infrastructure. Being the second largest city of Madhya Pradesh, Bhopal has an amazing connectivity to different cities within the state as well as the country. National Highway 12 passes through this city, connecting it to other parts of the country. Other than that the Bhopal railway station and the Bhopal domestic airport unite this city to different major cities like Mumbai, Delhi, Kolkata, Chennai etc. The domestic airport is proposed to be converted into an international airport. The city also has its own bus network called BCLL or Bhopal City Link Limited which connects different parts of the city together.


The population of Bhopal was estimated to be at 1,798,218 according to the Indian Census Report 2011. Among them, 862,050 were females and 936,168 was the male population. The number of literates in this city is 1,385,718 of which 755,621 are males and 630,097 were females; with the average literacy rate being 83.52 %. The sex ratio of Bhopal is 921 females per 1000 males and the child sex ratio is 918 girls for every 1000 boys.


Life Style
The people of Bhopal are lovers of food. You can find all types of eating joints, from high-end restaurant chains to street food joints selling all types of cuisines. There are many malls, multiplexes, and other entertainment options to suit the needs of the people. People of different religions residing in Bhopal are united by their love for music, art, dance and obviously food. It is a paradise for shoppers and houses many famous markets like Azad Market, Chowk Bazaar, Aura & Kabuliwala Shopping Malls, New Market and Habibganj Market.


Key localities in Bhopal
As other metro cities, Bhopal has also developed over the years in terms of real estate. The drastic change in the real estate in Bhopal can be easily witnessed among the key localities that this city houses. Some of these key localities are: Bhauri, Awadhpuri, Bagmugalia, Khajuri Kalan, Gopal Nagar, Hoshangabad Road, Jahangirabad, Barkhera Pathani, Arera Colony, Maharana Pratap Nagar and others.


Real Estate Market
Builders of Bhopal have played an important role in uplifting the real estate of Bhopal. They have come up with several new schemes and projects that meet the property requirements of the people. Ad-boards and hoardings like “Property for Sale in Bhopal” or “Bhopal Properties for Sale” are posted at every nook and corner of the city by the top builders. Here’s a list of Bhopal’s top builders: Unitech, IBD, Mirchandani, Fortune Builders, Ansal, Sahara, Earthcon, Essarjee, BDI, Globus Group and others.


Projects in Bhopal
You can find all types of residential as well as commercial projects in Bhopal. There are many upcoming affordable as well as luxurious flats, apartments, duplexes and bungalows to fulfill all the individualistic needs of the property seekers. There are many commercial projects in top markets of Bhopal where you can invest your money and start a successful business.


Govt Projects in Bhopal
Bhopal Development Authority comes up with new schemes to offer affordable houses to the property seekers. The latest BDA Bhopal Gharonda Affordable Awas Yojana at Navibagh for 2BHK Flats was launched on 1st March 2017 with 272 flats offered for sale. Hi! Searching for Property? Let's Chat