Super Corridor Real Estate Growth

Q: Hi! I've been reading all over the news that the price of apartments in Super Corridor hiked up by 20%? Does this locality really have a lot of potential for investment?

Aditya Jogi, Indore

10th July 2014

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Okay prices have literally gone up by 10 to 15 % in Super Corridor just in the last 6 months. Yes reason is because there is presence of 2 IT and education giants like TCS, Infosys, Symbiosis and NMIMS. Also Aurabindo Specialty Hospital is proposed project of this locality. As of right now price per sq feet should be around Rs 2300 to 2500 for houses and apartments. Hopefully this locality will keep developing but not at the cost of problems like water supply and sewage disposal. But anyway, this is still good for Indore and this will surely help get high returns.

Faizan Khan, Indore

12th July 2014

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Right now Indore is doing extremely well, real estate wise. In the last 6 months alone, the minimum property price rise has been by 2 lakhs. And what's really good is that even if you own a house or an aprtment, when you sell it in the market there will most definitely be a gain! Indore also is famour for its afordable housing all over Madhya Pradesh. Actually that's why the upcoming projects i.e The Metro Rail and Super Corridor are going to help hike up the prices of houses all over Indore. Especially in areas like Ujjain road and Mhow. Also, the civic facilities like water and electricity supply have improved a lot. Development really seems to be taking place.

Naveen Jaitley, Indore

11th July 2014

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Super Corridor is Indore Development Authrotity's new master project for the year 2021! :) The people of Indore are about to experience a multitude to developmental changes along this corridor which stretches for 12 km along the airport to Vijay square in central Indore. Basically the plan is to administer international level hospitals, schools, colleges, malls, supermarkets, sporting grounds, gated communities and apartment complexes. It is a given that price per square feet is going to cost a bomb but the value of real estate is the highest in Indore over here. So this is an extremely impressive place to invest in! :)

Wasim Iqbal, Indore

10th July 2014

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Yeah it's also interesting to note that the a number of IT companies and colleges like Symbiosis have booked for space in Super Corridor! So with the educational and industrial sectors already booming, so will the real estate sector. The promising land appreciation has led rise to atleast 15 to 20 residential projects. The locals prefer investing in plots while migrants usually prefer multi storey apartments and Super Corridor provides an array of housing options. The best part about this locality is it's very convenient location. It is close to the airport, multi specialty hospitals, good educational institutions as well as Ujjain road which is a religious centre. How can property value not possibly rise when the development is this advanced? :D

Prateek Mishra, Indore

10th July 2014

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