The Booming Realty Of Indore

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Known as the city of Holkars, Indore got its name from the renowned Indreshwar temple. Despite being located 150Km far from the capital, Indore’s realty market has gained a major limelight in the past few years due to the constant industrial boom and improving connectivity with the other parts of the country. The city offers a wide range of housing and commercial property options to the investors at all the budgets. What follows are some of the reasons that made Indore a hot destination for the property investors situated countywide.


Here, have a look.


Expanding Commercial Belt and Its Impact on City’s Real Estate
The growing industrial corridors have had a great impact on the prices of the city’s real estate in last few years. The expanding commercial belt that covers the areas like Napaina, Super Corridor, Vijay Nagar, MG Road, Aurobindo Hospital, and Indore-Ujjain Highway has witnessed a drastic development. It is being anticipated that the further development will bring along a 20% price appreciation in the property landscape.


Flourishing Connectivity
Indore offers strong connectivity to big cities like Bangalore, Delhi, Pune, Mumbai, and Agra through many arterial roads like National Highway 3, National Highway 59, and State Highway 27, etc. Also, the upcoming monorail project and the tramway project are triggering the real estate developers to invest into big tracts of land in the proximity of these areas.


Localities Developing At A Lighting Pace
Localities like Bicholi Mardana, Indra Puri, MG Road, Airport Nagar, and Vishnu Puri are developing at a lighting pace and are offering buyers a wide range of affordable flats in the range of INR 2,600 and INR 3,200/ ft2. For now, the overall prices seem quite affordable compared to the other localities in the city; however, the cost majorly depends on the amenities that the developer is offering to the buyers.


Future Prospects
The 2021 master plan allows 18 activities along the super corridor in Indore which includes the construction of malls, multiplexes, commercial spaces, and apartments. Apart from that, the plan also involves the construction of mega projects like a sports complex, convention center, and a medical hum in the super corridor.


Projects To Consider In Indore


Name Of The ProjectStatus Of the ProjectPlaceProperty rate (*)
Sarthak GalaxyReady To MoveRau, IndoreRs. 11.52 Lac – Rs. 39.87 Lac
Vastu Siddhanta NiketanReady To MoveSupper CorridorRs. 24.49 Lac- Rs. 92 Lac
Dcnpl VistaPossession in June 2016Super CorridorRs. 32.13 Lac- Rs. 64.26 Lac
Apollo DB City, Nipania IndoreReady To MoveNipaniaRs. 20.7 Lac- Rs. 1.81 Crore
Silver SpringsReady To MoveAB Bypass roadRs. 22 Lac- Rs. 1.25 Crore
M Chugh Grand ExoticaReady to moveBicholi MardanaRs. 59.94 Lac- Rs. 1.85 Crore
Palazzo Park ResidenciesNov 2016NipaniaRs. 31.2 Lac- Rs. 58 Lac

Indore is perhaps one of the most promising destinations if you are low on budget. There are plenty of options that are available for the investors as well as the end-users in all budget ranges. All you have to do is get associated with the right agent and your dream property isn’t far away.

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5 Comments

  • Admin

    Vilas Rathod

    13 September, 2016 at 6:13 pm

    Thanks for sharing informative blog.

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  • Admin

    Vilas Rathod

    06 July, 2016 at 12:54 pm

    Thanks for sharing this valuable information.

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  • Admin

    Vilas Rathod

    04 July, 2016 at 7:53 pm

    Indore is really a developing area. Its good to invest in Indore.

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  • Admin

    Himanshu Gupta

    28 June, 2016 at 12:06 pm

    Thanks for provides great information About Real Estate Properties in Delhi and nice Experienced with You....

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  • Admin

    Vilas Rathod

    27 June, 2016 at 7:59 pm

    It is really good to invest in Indore. Thanks for sharing.

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