i would like to buy a plot of around 3000 sq ft in Indore, Please suggest the options and what is a good investment

Q: i would like to buy a plot of around 3000 to 5000 sq ft in Indore, Please suggest the options and what is a good investment

Ashish Gupta,

9th August 2017

Investment Advice in Super Corridor, Indore

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Replies (3)

Hi,
Are you looking for plot near Super Corridor, Indore? What is your budget? There are lots residential plots available for sale near Super Corridor, Indore. To get more details of these properties, click this link Residential plots for sale in Super Corridor, Indore

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To get best deal on it, You can call on this toll free number (1800-833-1801) Or You can list you requirement Post your Requirements to get matching properties details on your Email and Mobile.

Puneet Laskar,

16th August 2017

Comment

Apart from that, the 2021 master plan permits 18 activities on the corridor including corporate offices, malls and multiplexes. Mega projects including a sports complex, medical hub and a convention centre are also proposed at the corridor.

With work on TCS and Infosys campuses underway and the property market showing signs of revival, the developers are upbeat about the prospects in the region again.

bashir,

16th August 2017

Comment

Hi Bashir,
Indore is one of the fastest developing cities of Madhya Pradesh. The city has a strong pharma and auto industry presence, which also influences its real estate market. Prices in the upcoming areas are largely driven by investor demand and currently in a state of oversupply.

Land is available in plenty in Super Corridor, an upcoming area, due to the presence of IT industries in the vicinity. Upcoming luxury projects in this locality are offering 2, 3 and 4 BHK apartments in the Rs 30 lakh to Rs 65 lakh range. Plots and villas are available in the Rs 16 to 70 lakh price range.

bablu pathak,

16th August 2017

Hi Ashish,
The Super Corridor area in Indore, which was touted as the best investment destination after IT majors Tata Consultancy Services and Infosys announced development centres in 2011-12, has failed to give returns to investors.

4 yrs ago, property developers had rushed in to launch a series of residential projects, but now most developers are struggling as a slowdown in the market has taken its toll and investors have also burnt their fingers.

Rishi Dev,

16th August 2017

Comment

Yes Rishi, the Super Corridor is a long-term investment bet and investors need to have patience. A couple of years ago, the prices of plots in the townships shot up to Rs 1500 per sq-ft, but prices subsequently corrected due to gloomy market.

Rishi Dev,

16th August 2017