For the investors or property buyers, the moment when they have to invest in Madhya Pradesh state, the first city that comes to mind is Indore, the cleanest city in India. Indore is the most populated city and one of the largest city with many compelling factors that make Indore as the first choice of property investors and people searching for the residence. The real estate in Indore is flourishing because of its good infrastructure and many more facilities.
Let’s know more factors about Indore that are making Indore as the best city for real estate business:
Good Infrastructure: Indore is rich in educational institutes and organizations, hospitals, malls and various corporate offices. The infrastructure of Indore is growing day by day and it is expected to reach another level in the upcoming years of Indore.
Have a Glance at Social Infrastructure of Indore
Indore has Smart City Tag: When the government of India had announced the list that is on the way of being smart city, Indore comes within first 20 cities on the list. This gives the new reason for the investors to invest their money in one of the smart city of India.
Super Corridor: Indore has super corridor project that has 250 feet wide road connecting Indore city to the Airport. This has given the tremendous scope of the real estate business. The IT companies like TCS and Infosys are paving their way at the super corridor in Indore. This is attracting the property investors as well as people searching for residence to invest in this location. The flats in supercorridor are enriched with the best amenities and facilities for the residential purpose.
Extended BRTS: All the routes of Indore are connected with the plethora of public and private transports and vehicles. With the BRTS projects, major routes of Indore has been connected through BRTS. Initially, BRTS used to cover only a few routes but now the AICTSL has passed the order to extend the routes of BRTS buses. IT would now be covering Mhow, A.B.Road, Super corridor and various major areas of the city. This adds an ease to the people to reach their home anywhere in the city. This factor contributes to having the higher interest in the residential property in Indore. It won’t be wrong to say that prices and cost of real estate projects have been increased due to transport convenience.
The real estate in Indore would reach higher levels because of the city’s Infrastructure and facilities. The residential flats are built with the all essential facilities and offer the enticing ambience to the people. While talking about property prices and cost of flats in Indore, it is suitable for all investors from low to high budget. The house range approximately starts from 1600 sq.feet to 3200 sq.feet. You can find the property in Indore at affordable price. The housing sector is enriched with 2BHK, 3BHK, 4BHK flats in Indore. The developments happening in Indore is making this time as the fruit ripening time to invest in real estate in Indore.