The Fuel behind Indore Real Estate Boom
Cited to be one of the fastest growing Tier II cities-Indore is the largest city of Madhya Pradesh which is situated on the Malwa Plateau and about 190 kilometers away from the capital, Bhopal. The city is currently brimming with a number of construction activities ranging from commercial to residential projects in Indore. Local and national real estate players are now developing real estate Indore and rapidly changing the city's skyline by creating a number of flats in Indore.
The city is currently witnessing a major real estate Indore boom thanks to the insurgence of several industries. Indore is well networked to the Maharashtra border and many renowned industries have their base on this stretch. The growth of the industrial sector has had a major impact on the real estate Indore sector; the capital value of properties in Indore city has appreciated over 30% in the past few years.
Another factor that is helping the real estate Indore sector flourish further is the city's great connectivity. Well networked to developed cities like Delhi, Mumbai, Bangalore and Pune via road, rail and air- Indore's connectivity is the city's trump card. Some of the arterial roads like the NH-3 (National Highway), NH-59 and State Highway-27 are cited to be some of the best roads and they reduce travel time phenomenally.
Similarly, educational institutions too are cashing on this connectivity. Renowned colleges have set their campuses along this corridor. The mono rail and tramway will have attracted many real estate indoor developers and builders to build many flats in Indore. Apart from the local High Net-worth Individuals and home buyers from across the country are attracted to invest in real estate Indore.
The township in Indore, as a city has a phenomenal scope and if you are looking towards buying large properties in Indore that are light on your pocket, do not think twice before investing in Indore. Anyone who buys properties in Indore has a definite promise of a good Return on Investment, and with the city now becoming one of the fastest growing Tier II cities, the real estate Indore sector will rapidly grow.