2014 Budget Impact on Indore

Q: I read that the new budget for the year 2014 is going to be allocated for infrastructure growth in all states. Will this increase real estate value for Indore?

Akshay Sethi, Indore

11th July 2014

Real estate News in Indore

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Replies (6)

Thanks for shareing this information .it is very helpful for me

Ajay Kaushik, Noida

12th July 2014

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Indore has come a long way since even 5 years ago, when real estate prices were a lot lesser than what they are now. Growth of IT companies and MNCs in the locality have increased the industrial base of the city. Colleges such as Symbiosis and NMIMS are opening as well so even educational sector is targeted. Indore is looking to also better real estate in the city and because of this, if you've noticed, a number of residential projects all over the city are on the rise. Investing in these places has guaranteed positive results because more and more people are now opting for gated communities. But even apartments do well in Indore because there is high demand for 2 and 3 bhks by bachelors and employees. The new budget will hopefully improve the city's development even more! :)

Vaibhavi Jain, Indore

12th July 2014

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This is very good news for Indore. I think people are all feeling cautious to invest in Indore because even though it is the biggest city in Madhya Pradhesh as it the commercial hub and all that, the city faces a number of civic issues. Especially related to water and electricty supply. Rather a lack of it. Since it has a strategic location that is between Narmada and Chambal rivers, these resources can no longer provide sufficient amount of water for the growing population. This is the root cause of the problem that all realtors and investors are facing in Indore.

Rashika Mahajan, Indore

12th July 2014

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Everybody is very happy with this years budget. The government has also allocated about 38,000 crores for the development of highways in India. The finance minister Arun Jaitley announced a host of schemes that he wants to accomplish 10 years from now and real estate boost is one of them. It is very good that with the help of the new budget, attention has been paid to the development of airports in tier 1 and tier 2 cities as well as the road repairs and other urban development. Indore will stand to gain but it also depends on how well the work is carried out right?

Rahat Amin, Indore

12th July 2014

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Smruthi, Bangalore

Official account of - Hosachiguru

11th July 2014

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Yes this is good news all over India. The new budget for the year 2014 allocates about 8000 crores just for infrastructure development all over the country! This is done with a view to help boost the real estate sector. Also the government plans on providing housing to all by 2022 and this can only be done by attracting buyers by raising the property potential in the market, and also by providing affordable housing to those who have are part of the lower income groups. About 4000 crores is allocated to providing affordable housing. Cities like Indore will prosper because it will be a target location for infrastructure development only because demand for property here is already high!

Aditya Jogi, Indore

11th July 2014

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