Indore is the largest and most populous city in the state of Madhya Pradesh and is described by many as the commercial capital of the state. The mix of good social infrastructure plus the smart city tag is helping Indore in a fast growth its real estate sector.
Source: Google
Here below are a few factors which is helping Indore in becoming a real estate hub.
Smart City Tag: Indore was one of the first 20 cites to make it into the smart cities mission which was announced by the government and this initiative is helping the city in getting into shape. A tremendous growth in expected in the next 3 years especially in the infrastructure development. This infrastructure development will invariably help in the growth of the real estate sector.
Social Infrastructure
The social infrastructure of the city is doing very well with several malls, hospitals and educational institutions.
Indore at the moment and has a plethora of malls with several stores in it. With high disposable income lately, Indore is expected to have several more places of entertainment soon.
Indore is also the home to around 51 public health care establishments and many private hospitals. Some of the best hospitals in the city are MY Hospital, Bombay Hospital and CHL Hospital.
Indore has a wide range of schools and colleges and is considered to be one of the major educational hubs in the country. Both IIT and IIM have campuses in the city. Other colleges such as School of Law, IMS, IIPS and The Daly College are also present here. Every year, Indore sees a large inflow of students from various parts of the country Major Infrastructure Projects.
Indore BRTS: The Indore Bus Rapid Transit System which was inaugurated in 2013 helped boost the connectivity in the city and also played a key role in boosting property prices in various areas around the city.
Super Corridor: The 250 feet wide road which helps connecting the city to the Airport has been another reason for the real estate growth. Companies such as TCS, Infosys and CTS are setting campuses on this corridor and this will further bolster the real estate sector in areas located at the outskirts.
DMIC: The Delhi Mumbai Industrial Corridor which passes through major parts of Madhya Pradesh is pretty close to Indore. The presence of this highway not only has helped connectivity but has also helped in the growth of real estate sector.
MR-11: The Major Road 10 generally suffers traffic congestion and with the construction of Major Road 11, it should help reduce traffic. This road will also help people from Bhopal reach the airport trough Dewas without having to entre Indore.
Property Trends In Indore
The property prices in Indore majorly falls in the affordable housing sector. One can find residential houses between the Range of Rs.1600 per sq. Feet and Rs. 3200 per sq. Feet. Vijay Nagar is considered to be a prime area in the city while localities such as AB Road, Bicholi Mardana, and MR 11 fall in the affordable zone.
If someone is planning to buy affordable homes in Indore, then MR-11 Road is the best place to live where you can get all benefits of Indore’s Upcoming Mega Projects.
With all these developments, this might just be the right time to invest in a new property in Indore.
Mangala Construction is a well-reputed construction firm based in Indore with more than 30 years of experience. We take pride in building the home of everyone’s dreams. You can count on us to provide consistent, high-quality results at a very cost-effective rate. We strive for 100% customer satisfaction. We Build 1-BHK & 2-BHK Affordable Flats In Indore.
For More Information Visit Our Site at 9-A Sankeshwar City, MR-11 Opp. Aurobindo Hospital, Near MR-10 Road, Indore, Madhya Pradesh 453555
Landmark: Front Of Aurobindo hospital Near Premium Park.
Call us : +91-9179870450
Toll-Free Number: 1800-890-6569
Website: www.mangalaconstruction.com