Yes, from what I see, this is an excellent place to buy an apartment and give it out on rent. The people from the Crystal IT park will be interested in staying close to their work, so you can charge higher rents too.
This IT park was started only last year in 2013, So I think it is still yet to achieve its full potential. As of now, there is alot of investment scope around this area. This IT park has opened up a number of job opportunities around here, and all these employees look for accomodation around this locality only.
I agree with them, Khandwa Road is definitely a good locality to invest in, and not just because of the Crystal IT park, its also a nice place to live in. So if you're purely an ivnestor then you'll find plenty of takers for your apartmenrt/house
See from the way I see it, any area around an IT park is a good Investment. There is always possibility of further IT growth in areas that have alreasdy started out on that path. So yeah you should Invest here.
Good locality choice! The Khandwa road is going to see a lot of major development now that the Crystal IT park is here. The small IT companies like Impetus, Cleartrail and Intellicus have already offices here in Crystal IT park.