Q: Hello. I'm relocating from Hyderabad to Indore within this year and I am going to buy property in Indore. I was wondering what the real estate scenario in Indore is. Is it better for short or long term investments? Also which localities are the best to invest in that will give me maximum returns?
Compared to other metros, Indore is very affordable. But it needs constant development. Like new infrastructure faciltieies every month. Because population is also increasing. And now there are problems with water supply and pollution. Something must be done about all this soon.
Now educational institutions like Symbiosys and NMIMS are also coming up here. Social infrastructure facilities are improving. In 2 to 3 years time, many peoples would have moved to Indore.
Prices in Indore are quite cheap also. What you will be getting in Hyderabad is spprox 4000 to 5000 rupees per square feet. But in Indore it is 2500 to 3500 price range.
Also with facilities like railway station, Interstate Bus Terminus, medical hub, and sports complex, Indore is sure to grow from now on. Super Corridor has many IT companies. That's why property demand and price is very high here. You'll get good returns in this locality.
This year people are investing more in finished apartment projects rather than land in suburban areas. They like these new gated communities and luxury apartments very much.
I feel Northern and North west part of Indore is the best for investing in property in Indore. These areas have lot of good schools, colleges, hospitals, entertainment centres, shopping mallas. And it is very close to the airport.
I think these localities : Super Corridor, Aurobindo Hospital, Indore-Ujjain 4-Lane Highway and MR 10 are very good places for real estate investment in indore.
Over the past few years, there's been an influx of people from all over the country. Residential property demand largely increased because of that. And now many good infra facilities have also come up like BRTS system.
Hey as of now, Indore's real estate market is doing really well. Many It companies like TCS and Infosys have really led to the growth of this city. That's why property prices are also picking up.