Space Park residential project in Indore

Q: I’ve heard that the Space Park project in Indore is being executed in two phases? I want to invest in this project. Can anyone give me some information regarding this project? Are the apartments still available for booking?

Naveen Jaitley, Indore

12th May 2014

Residential Project Review in Space Park Phase I, Mahalaxmi Nagar, Indore

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Replies (4)

Hey, the Space Park project is an excellent investment opportunity. The builders are quite reliable and the project has home loan approvals from banks like HDFC, LIC Housing Finance Ltd, State Bank of India, IDBI as well as from the Indore Development Authority. The cost of the 1bhk is Rs. 14.74 lacs, the 2bhk is Rs. 23.32 lacs and the 3 bhk is 31.24 lacs. You can visit the Commonfloor webpage on this project to find out more details about this property - http://www.commonfloor.com/space-park-indore/povp-l8xpgp and http://www.commonfloor.com/space-park-ii-indore/povp-lj7gnf.

Arjun Singh Ranawat, Indore

7th June 2014

Comment

The Space Park project is quite good. You can get 2 and 3 bhk apartments in the Phase I of the project, and 2 and 3 bhk apartments in the Phase II. The 1BHK apartments are around 670 square feet, the 2 BHKs are 1060 square feet, and the 3 BHKs are 1420 square feet. The square feet price is quite affordable – Rs 2200 only. You can easily negotiate on that with your seller and bring it down to Rs 2000. So for a 2bhk, you will have to pay around Rs. 21 Lakhs

Prateek Mishra, Indore

5th June 2014

Comment

Hey, the location of the Space Park project is excellent. If you want to send your children to schools nearby then you will have a number of good options available, like Bhavans Prominent School, Delhi Public School, etc. Mahalaxmi Nagar is a good residential locality of Indore, so all amenities of everyday life will be available to you very easily. The Space Park project has 2 and 3 bhk apartments available and the price rate of all the apartments is Rs. 2200/sq. ft

Aditya Jogi, Indore

30th May 2014

Comment

Hey, you’ve heard correctly. There are two phases for the Space Park project. Both Phases I and II are located in Mahalaxmi Nagar in Indore. Phase I has 3 towers, and Phase II has 2. All the buildings have seven floors. I think it’ll be a good idea for you to invest in any of these apartments. The possession date was February 2014, but there are still a few apartments left in both the phases. So you’ll need to hurry up, if you want to book them for yourself.

Akshay Sethi, Indore

12th May 2014

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