Infrastructure Development in Indore

Q: I have a cousin who is planning to buy a house in Indore for his wife’s parents who live there. He wants to understand the infrastructure development taking place in Indore, so that he can make a wise investment. Any thoughts?

Akshay Sethi, Indore

5th June 2014

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Indore is the only city in India to have both an Indian Institute of Technology as well as an Indian Institute of Management, two of the most premier institutions in the country. Property rates in Indore are picking up after the super corridor has been announced. The Bus Rapid Transit System, in recent times, has succeeded in connecting most parts of Indore. It is still developing to facilitate the ever-growing network of roads in this city. Infrastructure projects that include educational institutes and hospitals are also another aspect you can look at. You should check out established residential areas for a more balanced evaluation of property rates.

Vaibhavi Jain, Indore

9th June 2014

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Hi! If your cousin happens to be a software professional, then he should be happy to make an investment once he finds out about the upcoming Infosys project. Located around the super corridor across an expanse of 130 acres, this project is estimated to create more than 5,000 jobs in the software industry. By making use of environment-friendly practices, this project has already taken off on the right foot. TCS has also begun construction on a similar IT project along the super corridor. If you’re lucky enough, you might actually be able to acquire some lucrative property along this stretch.

Naveen Jaitley, Indore

8th June 2014

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According to me, infrastructure development has become strongly focused around the super corridor in Indore, which is the new cherry in the pie. The Tata Consultancy Services (TCS) brand has acquired over 100 acres of land, where it plans to set up a software development center. Investments to the tune of Rs. 500 crore are going to be made in two phases by TCS. This project is estimated to bring in more revenues and jobs for the locals, while at the same time, boosting the real estate value of surrounding properties.

Rahat Amin, Indore

6th June 2014

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Living in the largest city of Madhya Pradesh, I can tell you that Indore is brimming with new ventures which are already in the pipeline. The super corridor that’s coming up in Indore, is an 8-lane expressway that plans to connect Eastern Indore to Western Indore quickly and efficiently. The property along this area has skyrocketed, with even international firms joining the queue to grab a piece of the local action. Even though it’s located towards the outskirts, the development along this path is expected to become exponential over the next few years.

Wasim Iqbal, Indore

6th June 2014

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