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An Overview of the Indore Real Estate Market

Indore, one of the best Tier-II cities of India, is also known to be the largest city in Madhya Pradesh. It is also regarded as the “Commercial Capital” of the state because of the growing industrial significance. Whether talking about industries, education, commerce, finance, research, technology, art or anything else for that matter, Indore has definitely created a special place for itself in the state as well as the country. Not just that, the city has also emerged as a great tourist destination. People are moving to this city because of the abundance of features and facilities it offers.


Infrastructure & Connectivity
Apart from housing the Devi Ahilyabai Holkar International Airport, which is the busiest airport of the state, Indore is seamlessly connected to a majority of the Indian states and territories via the Indian Railways Network. The Indore railway station’s revenue is more than Rs. 50 crores, which signifies the traffic that commutes through this station. Many national highways like NH-3 and NH-59 run through this city. The industrial growth that has made Indore an important city of Madhya Pradesh would not have been possible had there been any less infrastructural development. The 2012 BRTS rapid lane transit system, which is under construction currently, would provide dedicated corridors and ease out the traffic as well.


The population of Indore according to the Indian Census Report of 2011 was estimated at 1,994,397 of which 1,035,912 were males and 958,485 were females. The number of literates in Indore is 1,486,321 out of which 806,849 are males and 679,472 are females. The average literacy rate of Indore is 85.87 %. The sex ratio of the city was 925 females for every 1000 males and the child sex ratio was 895 girls for every 1000 boys.


Life Style
Indore, being a city sprinkled with industries, education institutes, financial institutes, technology hubs and other important amenities, has gained popularity among the people of the state as well as the country. With reputed institutes like IIT and IIM situated in this city, Indore has embraced the modern, high-tech and elite lifestyle. Apart from that, there are many ancient monuments, temples and other tourist attractions that keep the people of this city entertained. It houses many art centers which exhibit world-class paintings and sculptors of modern as well as ancient art. Other modern entertainment options like shopping malls, multiplexes, lounges/pubs/discos, cultural clubs, hotels, and restaurants are also available in this city.


Key localities in Indore   
There are many localities in the face of Indore real estate that have gained much popularity due to the development and growth. These localities offer world-class living standards and a serene environment. If you are planning to invest in the real estate in Indore then do have a look at these key localities: Palasia, AB Bypass Road, Lokmanya Nagar, Raj Wada, Bengali Square, Nipania, Mahalakshmi Nagar, Vijay Nagar and more.


Real Estate Market
The amazing development in Indore would not have been possible without the hard work done by the city’s top builders. They have been a driving force in developing the real estate sector of Indore by coming up with new and improved world-class projects. Advertisements like “Property for Sale in Indore” or “Indore Properties for Sale” are a common sight in Indore. Here’s a list of the top builders of Indore: DLF, Emaar MGF, Ansal, Amrapali, Parsvnath, Mirchandani, IBD, Indiabulls and others.


Projects in Indore
Indore has many different types of property to suit the need of every property seeker. Many upcoming projects like the Omaxe City project would be offering amazingly luxurious independent floors and villas. You can also find all types of affordable flats and apartments in Indore. There are many new projects that offer commercial property in some of the main markets of the city. Invest now to get high returns from these projects.


Govt Projects in Indore
Indore Development Authority or IDA came up with the scheme in 2015 to launch 5000 affordable homes by the end of 2017. The registry for these homes would soon be opened and all the people belonging to lower income group or LIG can apply for these affordable homes. Hi! Searching for Property? Let's Chat