Indore: Planned infrastructure makes Vijay Nagar a safe bet
Vijay Nagar is likely to fetch returns that would generate a feeling of content. This statement can be further authenticated by the fact that the average property rate in the locality has shot up by 10% in the Q4 2013.
Vijay Nagar, a residential area located on the eastern counterparts of Indore, has come off age with a boom in population. Consistent influx of immigrants in the locality has given the sudden push to property prices in the area. Riding on the back of infrastructural amenities and facilities, the locality has topped on the list of most preferable investment options for end users in Indore. Furthermore, with the development of BRTS, the area has come under the radar of property buyers.
Its USP
Indore is racked with water shortage and frequent power cut problems. Vijay Nagar offers unrestrained water and electric supply. This has worked as its main USP. Coupled with green environments and well built roads, the locality has emerged as a perfect dwelling for those looking a comfy abode in Indore. With the Indore Junction at 6.7 km via the AB road and excellent bus routes Panchwati – Tejaji Nagar, Nipania – Gandhi Nagar and Vijay Nagar – Rajendra Nagar, the locality is big ‘Yes’ for the end-users.
Easy connectivity and accessibility to prime locations of Indore on account of an excellent public transport has also played a key role in triggering the demand for houses in the area. Proximity to multi-speciality hospitals (like Bombay Hospital) and other necessities is a further addition to its credentials. Presence of IDA flats and private societies like Shekhar Planet, Suyash Club and Shalimar Township is an another factor that lure buyers to the area.
Potential investment destination
Easy and hassle-free commute to prime office areas like Laxmibai Nagar, Shivaji Nagar and Pithampur on account of the widely-built roads have done the trick for the locality. With no major new projects, the demand for resale property in the area has geared up and is expected to impact the property rates in the days to come. Furthermore, Vijay Nagar is home to numerous immigrants, which acts as one of the key drivers for property buyers in the vicinity.
Being the first planned urban dwelling of Indore, equipped with well-planned infrastructure, the locality called for the attention of the high-end segment. Emerging of an employment hub, the locality has become the perfect fit for the working class people, with reasonable property rates. In the last 6 months, property rates in the area have shot up from Rs 2700 per sq ft to Rs 3000 per sq ft. For those willing to own a residential plot or an independent house, the locality offers a plethora of choices at Rs 800, Rs 1000, Rs 1500,Rs 2000 and Rs 2400 sq ft.
