The largest city in Madhya Pradesh, Indore boasts of the most expensive real estate market in the state. As per an established report, Realty Sector in Indore has grown swiftly in past few years and greatly contributes to the overall economy of Madhya Pradesh. There can be observed an increase in the Commercial and Residential Property Projects being launched in Indore.
The Major Real Estate Projects In Indore:
As stated by the realty planners, approximately 100,000 additional houses are annually required in order to fulfill the rapidly increasing accommodation demands of the city. Seeing the huge demand, several Real Estate Companies have come up with a number of real estate projects in Indore. For instance, at the national front, there are several Real Estate Players who have launched major Residential Projects in Indore. Some of those Realty Developers are:
- DLF Limited
- Parsvnath
- Suncity (ZEE Group)
- Omaxe
- Ansal API
- Sahara
Besides, there are several Local Real Estate Players such as Kalindi, Milan Heights, Silver Spring, etc. that have launched and are launching residential and commercial projects in Indore.
Key Factors That Contribute To The Growth Of Realty Sector In Indore:
Infrastructure & Basic Amenities: infrastructure and basic amenities are the major factors for the booming realty sector of Indore. The city has excellent connectivity with the major cities of India via airways, rails and buses. In addition to the infrastructure, the city has all the requisite amenities and the 24/7 availability of electricity and water, well-equipped Health Care Centers, Educational Institutes, Specialty Clinics, Multiplexes, Parks, etc. testify the same.
Education: Indore has long been one of the major education centers not only in Madhya Pradesh but in whole India. The educational institutes such as Indore University, Indian Institute of Technology and Indian Institute of Management are famous for their well-structured education system. Likewise, the city is also well-known for its first-rate secondary education of the Schools.
Industrial Growth: Indore has witnessed immense industrial growth in recent times. Textile and garments, pharmaceuticals, automotive and food & beverages, etc. are some of the industrial sectors that have incredibly contributed to the economic and industrial growth of the city.
7 Comments
Shefali Thakur
14 May, 2018 at 3:20 pm
Indore city in Madhya Pradesh, India is one of the fastest growing cities in respect to Real Estate sector. Developments in this sector are fast and still growing. State Government has ambitious plans for Indore. Indore is growing in Real Estate from all four sides. This has given opportunities to Real Estate Services and Builders and Developers in Indore. Indore will soon get major IT companies like Infosys,
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Anita Singh
03 April, 2018 at 5:37 pm
Indore is one of the fastest developing urban centers of Central India, it has attracted numerous public and private players to invest in the real estate market. The market of real estate in Indore is expected to grow at the rapid speed in the coming year.
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Nitish
04 October, 2016 at 6:19 am
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Skye Luxuria
31 May, 2014 at 7:08 am
Indore is fast emerging as a destination-of-choice for the investors and real estate developers who are looking for a profitable investment. Rapid urbanization and infrastructural development are some of the reasons that have made investment in Indore properties an attractive option. Even skye luxuria is also one of the great project in Indore providing luxurious facilities which prove to be a lucrative deal for buyers.
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Justin
01 October, 2013 at 12:00 pm
Indore is a very good place to live. So most of the small as well as big real estate companies like; DLF Limited , Parsvnath, Kalindi, Milan Heights etc. start their real estate project over different sector of MP and allotted people to apartment and land with a reasonable rate according to their requirement.
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Sahil Bhosale
20 September, 2013 at 9:55 am
Indore is largest town in Madhyapradesh .IT and ITes in Indore is still at a nascent phase but it seems expectation of a growth in the areas is already forcing real estate development in this city.
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