Madhya Pradesh’s financial capital Indore is home to the stock exchange of the state, a commercial centre for goods and services. Also, the presence of Indore Special Economic Zone, Pithampur known as the Detroit of India, Sanwer Industrial belt, several IT Parks are among the major reasons for the growth of the real estate market in the city. Several IT majors like Infosys, TCS and quite a few small size and mid size IT firms also have their expansion plans in Indore. These factors have led to the rise in the demand for apartments in Indore.
Indore has been witnessing a lot of infrastructure developments which is further fuelling the real estate segment in the city to grow. Along with the industries, it is also the hub for some of the best education institutes. The state government have been also focussing on the overall development of Indore by planning technology parks, SEZs and inviting participation from several IT companies, this will increase job opportunities and in return will attract workforce to migrate to Indore giving a further push to the property market in terms of increasing the demand in case of flats in Indore.
In order to attract and encourage more people to come and settle in the city, the state government is also aiming at developing several other industries such as food processing, textile to name a few. The government is also working on many policies towards the development of the city. Indore is among the first 20 names in PM Modi’s smart city mission. Therefore, in the next 5 years, Indore is expected to become a complete planned and developed city.
Needless to mention that the market in Indore is much more affordable as compared to the other cities while offering a variety of property options that include 1, 2, 3, 4, 5 BHK apartments and flats priced between 0 to 0 with an average price being around 0.The government has been also pushing the affordable housing segment in the city that will further increase the demand for flats in Indore from the genuine buyers. The top preferred localities in Indore are Dewas Naka, Scheme 94, Rajwada, Bengali Square, Mangliya.
If you are planning to settle down in Indore, then you can choose from 99 different properties that are listed on the site. Go through the description of the apartments for sale in Indore, look through the images, localities to have a fair idea about the property. You can narrow down your search for apartments in Indore with the help of different filters like budget, possession status, apartment specifications, locality and other as well.
