Indore Real Estate: A Promising Destination For Real Estate

As commercial capital of Madhya Pradesh now, if I see back through 10 years when

I left Indore after studying in its renowned SGSITS College of engineering, the city has changed much to recognize whether it is the same Indore. Yes, Rajwada and MG road do make me feel I am back at Indore. Being the oldest they are the most promising and valuable lands till date in Indore. Buying a home or plot in high end residential areas as south tukoganj or yeshwant niwas road is just next to impossible now. Prices are too high at least for service class like me to think about it. The lands which were once barren are now seeing new malls, IT complexes, townships and VIP roads.

The availability and possibility of growth in real estate Indore which were once estimated are now visible with modern structures as crystal IT Park. The city has been a hub for the alloy steel industry, automobiles, pharmaceuticals and textiles. Whether pithampur rau road or dewas road the significant growth in big names as Hindustan Motors, Bridgestone, Bajaj and L&T stand tall to add in the pride of city.

Even the government efforts have laid best examples of converting a city into state commercial capital and center of education. These all have increased the demand of real property in Indore. Everyone wants to have a place of its own to have convenience of work, medical facilities, education, travel and other basic requirements. Increase in population in a decade is about 47 per cent that would require at least 1, 00,000 units a year for the floating population.

With recently held global investors meet in the city the speculation for national and international investors to invest in Indore real market is on. Companies as Tata, Wipro, and Reliance have gone under MOU with state government. Some international companies have also signed up MOUs for their investment in the state. Government playing its role has also provided tax saving benefits for such investments and encouraging more companies for future.

Though the real market is slow at present seeing the global market turbulence and inflation hike but looking at the brighter side developments in city has already laid the foundation of Indore real market. A local source has confirmed the purchase of 100 acres land each by national players in the market as DLF, Rahejas, parsvnath, Ansel. This confirms a steady market for real estate in Indore.

by: skyeluxuria

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