Why should Indore be your ultimate destination for real estate investment?

In recent times, one of the best approaches used to acquire potential financial rewards is by investing in real estate possessions. It goes without saying that there are a number of benefits of investing in estates that outweigh the costs and earn a steady flow of income. The real estate market is in ‘tip top’ shape and you can be assured of high return of investment if done judiciously and wisely.  

With growing competition among the major Indian cities, real estate industry is seeing a daylight in Indore. Like any other developing city, Indore has witnessed immense industrial growth in recent times. 

A newbie city in this regard, Indore is showing impressive growth in real estate as a result of increase in demand for commercial & residential spaces. As per the report of PropEquity, an online subscription-based real estate data & analytics for tier II cities, Indore was ranked as the 8th best city out of 19 cities in 2015. The ranking was given on the basis of price, highest sales, absorption, supply, inventory and new launch trends.  

Here’s a look at a few more factors that makes it worth investing in this city: 

1. ‘Smart’ city – Indore is shortlisted as one of the 100 cities by the Ministry of Urban Development for submitting the Smart City Proposal and the construction work has already begun. Various projects are being executed including setting up laying underground cables, smart poles, creating underground ducts has started in areas like Sarafa, Rajwada, Biyabani etc. Another feather to the cap is, Central India’s first Data Centre Park (Data Cluster) located in Betma, Indore. There are only 5 such data clusters India and one among is in this city. Also Indore has been declared as the cleanest city in India as per the reports of Swachh Survekshan 2017.
2. Sound economy –  Indore, the trading capital of Madhya Pradesh, has one of the biggest local economies in Central India. Businesses, ranging from small scales to large, have flourished in the city. The Indore Development Authority (IDA) has also launched Super Corridor project which has 8 lanes of 225 ft. wide lane road and will serve as the hub for IT, BPO companies and other companies in the financial sector. Indore is coming in the form of automobile testing track at Pithampur. With investment of Rs 5,000 crore, for testing track (largest in Asia) at Pithampur, Indore has become the favourite destination for real estaters. 
3. Transportation – Indore is well-connected to all major cities of the country via air, road and rail. Also, Indore has become the first city in India to have Robotic Arm traffic signal installed in the junction of MR9 in Barfani Dham area and ring road. The Indore Metro is a fast travel light metro framework, comprising of 6 corridors covering 107 kilometers. This metro project will be the first in the country to have driverless trains. 

With future development plans proposed by the in terms of employment and connectivity has given wings to the real estate market. As per property pundits, the prospective real estaters have incurred a gain of 150% in the past five years.