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About Indore

Indore, the first city in India to achieve the "Cleanest City" title, is located on the southern edge of the Malwa Plateau in Madhya Pradesh. It has received a 7-star Rating Certificate for its exceptional solid waste management, including door-to-door garbage collection, garden maintenance, and beautification of public spaces.

Covering an area of 530 square kilometres and situated at an altitude of 553 meters above sea level, Indore is not only the most populous city in Madhya Pradesh but also one of the most densely populated in India, with nearly 3 million residents.

Known for its cotton handloom industry, splendid palaces, temples, vibrant street food, and bustling night markets, Indore offers a rich tapestry of cultural experiences. Some notable temples include Annapurna Temple and Bada Ganapati Temple, while Sarafa Bazar entices visitors with its famous night food markets.

Why Buy Flats/Apartments in Indore?

Indore, often referred to as the business capital of Madhya Pradesh, hosts major multinational corporations such as TCS and Infosys. The city's IT Crystal Park serves as a hub for IT and software development companies like Impetus, Worldpay, and SysTango, providing abundant employment opportunities and making it a prime location for real estate investment.

Renowned educational institutions like the Indian Institute of Technology and the Indian Institute of Management further establish Indore as an educational hub. In terms of healthcare, Apollo Hospital, Arihant Hospital and Research Centre, Greater Kailash Hospital, and Care CHL Hospital are among the top facilities in the city.

The development of the Super Corridor has significantly transformed the city's landscape, drawing the interest of high-budget investors. The Indore Bus Rapid Transit System enhances connectivity, reducing traffic congestion. Additionally, Indore offers numerous lush green parks and recreational destinations like Maheswar, Patal Pani, Mhow, Ujjain, Wanchoo Point, and more, ensuring residents' high quality of life.

Investment Trends in Indore

The residential property prices in Indore have seen a significant year-on-year increase of 7.21%, now averaging Rs. 4,965 per sqft. Properties are available for Rs. 892 to Rs. 22,580 per sqft.

In the first quarter of 2023, Indore's real estate market demonstrated an impressive combined supply and absorption rate of approximately 95.75%. Notably, the prices of new apartments in Indore experienced a substantial surge of 20%.

Sqft Price for Top 17 Areas

Here are some top areas of Indore with their price list:

Neighbourhood Average Price per Sqft.
Nipania 4,500
Super Corridor 3,800
Vijay Nagar 4,300
Bicholi Mardana 4,600
AB Bypass Road 4,500
Mahalakshmi Nagar 3,400
Talawali Chanda 3,400
Niranjanpur 4,350
MR 10 4,350
Pipliya Kumar 5,100
Ujjain Road 4,100
Khandwa Road 4,200
Khanadia Road 2,600
Chota Bhangarda 3,650
Jakhiya 3,500

Indore's Real Estate Landscape

Indore's real estate market offers a range of affordable residential properties, with prices ranging from 30 to 70 lakhs for 2 to 3 BHK configurations. These apartments provide convenient access to markets, shopping malls, and business centers. Some of the top residential areas in Indore include Nipania, Super Corridor, Vijay Nagar, AB Bypass Road, and more.

The city boasts renowned builders like DLF Ltd, Parsvnath Developers Ltd, Kalpataru Ltd, Mirchandani Group, and Dainik Bhaskar Groups & Apollo Creations. They are actively involved in projects like VKG Spring Field, Trimurthy Tirupathy Industrial Park, NM Grande, Anvaya Valley, and others, contributing to the city's real estate development.

Northern Suburb

The northern region of Indore encompasses localities like Dewas and Ujjain Road. Notably known for their religious significance, these areas are home to revered temples such as Mahakaleshwar Temple, Devi Chamunda Temple, and Devi Tulaja Bhavani Temple.

In terms of real estate development, builders like Balaji Associates & Constructions, Shree Maa Property and Construction, R K Construction, and Sovit Construction are prominent figures in this zone. Some of the noteworthy projects in this area include Gurudev Avenue, Lotus Orion Grand, and Saakaar Orion Galaxy.

Southern Suburbs

The southern part of Indore, comprising Khandwa Road and Khargone, is not only rich in cultural heritage but also blessed with natural beauty, making it an attractive destination for tourists and pilgrims alike. Additionally, this zone is a hub for cotton and chili production, contributing significantly to the local economy.

Top builders in this region include R Construction, Madhav Construction, Ambica Construction, Ashiyana Group, and Praful Jain Infra Builder. Some of the noteworthy projects here include Anand Vihar, Raheja Blue Heaven, Silver Spring Phase 2, Jhaveri Silver Lake Vista, and others.

Western Suburbs

Dhar, a prominent locality in the western zone of Indore, boasts an array of tourist attractions like Bhojshala, Dhar Fort, Bagh Buddhist Cave, Hindola Mahal, and more. The region is witnessing significant real estate development, thanks to builders like DK Construction, Tiara Infrastructure Limited, Ainess Buildwel, Hemant Jain And Associates, and Falak Construction. Some notable projects in this area include Maruti Shri Balaji Dream City, Tirupathy Medicaps Business Park, and Vaya Diamond Park.

Eastern Suburb

Vijay Nagar, a bustling locality in the eastern zone of Indore, stands out as a vibrant hub with malls like C-21, Mangal City, Malhar Mega Mall, and Orbit. Additionally, a plethora of food courts featuring popular chains like Starbucks, McDonald's, KFC, Pizza Hut, and Domino's contribute to the area's dynamic atmosphere.

In terms of real estate development, builders such as Madhav Construction, R Construction, Sawariya Property Brokers & Builders, and Ambica Construction are actively contributing to the growth of this zone. Some noteworthy projects here include Royal Greens, Skye Luxuria 20, Man Royal Platinum, and Sakar Residency.

FAQs

What are some of the top Indore apartment locations?

What are the top affordable flat options in Indore?

  • Vastu Vihar Sanghvi Residency
  • Shivalya Premium Apartment
  • Crown Residency
  • Gateway Silver Park
  • Anand Heritage

What are some best luxury flats in Indore?

What is the recent flat price trend of Indore?

Properties in Indore are presently getting a 7.21% year-on-year hike. The average price of a residential property is around Rs. 4,965 per sqft. You can expect a promising residency within a price range of Rs. 892 to Rs. 22,580 per sqft.

Who are the best builders in Indore?

  • VKG Spring Field
  • Trimurthy Tirupathy Industrial Park
  • NM Grande
  • Anvaya Valley
  • RK Construction

What are on the checklist of amenities in Indore flats?

  • Landscape Garden
  • 24/7 Power Backup
  • Fire Fighting Systems
  • Gated Community
  • Lift

What are some of the best upcoming projects in Indore?

What are some of the effective tips to invest in Indore flats?

  • Consider your budget smartly
  • Research the price trend in every zone
  • Investigate the offered amenities
  • Predict the upcoming price trend
  • Choose areas with proximity to business hubs

What are the modern amenities offered in Indore flats?

  • Clubhouse
  • Swimming pool
  • Shopping complex
  • Supermarket
  • Banquet hall
  • Gym

How many 1 BHKs are available in Indore?

There are 34 1 BHKs available in Indore.

How much does a 1 BHK cost in Indore?

The average price of 1 BHK in Indore is ₹13.9 Lac - ₹28.5 Lac.

What is the average size of a 1 BHK in Indore?

The average size of 1 BHK in Indore is 646 sq. ft. - 1005 sq. ft.

What is the rent of a 1 BHK in Indore?

The rent of a 1 BHK in Indore is ₹5,850 - ₹17,000.

How many 2 BHKs are available in Indore?

There are 42 2 BHKs available in Indore

What is the average size of a 2 BHK in Indore?

The average size of 2 BHK in Indore is 1093 sq. ft. - 1588 sq. ft.

What is the rent of a 2 BHK in Indore?

The rent of a 2 BHK in Indore is ₹10,000 - ₹26,000.

How much does a 2 BHK cost in Indore?

The average price of 2 BHK in Indore is ₹24.6 Lac - ₹57.3 Lac.

How many 3 BHKs are available in Indore?

There are 8 3 BHKs available in Indore.

How much does a 3 BHK cost in Indore?

The average price of 3 BHK in Indore is ₹40 Lac - ₹1 Cr.

What is the average size of a 3 BHK in Indore?

The 3 BHKs in Indore are available in the average size of 1300 sq. ft. - 1750 sq. ft.

What is the rent of a 3 BHK in Indore?

The rent of a 3 BHK in Indore is ₹16,000 - ₹45,599.

How many 4 BHKs are available in Indore?

There are 2 4 BHKs available in Indore.

How much does a 4 BHK cost in Indore?

The average price of 4 BHK in Indore is ₹82.5 Lac - ₹1.57 Cr.

What is the average size of a 4 BHK in Indore?

The 4 BHKs in Indore are available in the average size of 1500 sq. ft. - 2700 sq. ft.

What is the rent of a 4 BHK in Indore?

The rent of a 4 BHK in Indore is ₹37,300 - ₹65,000.

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