Q:I have a cousin who is planning to buy a house in Indore for his wife’s parents who live there. He wants to understand the infrastructure development taking place in Indore, so that he can make a wise investment. Any thoughts?
Latest Answer: Indore is the only city in India to have both an Indian Institute of Technology as well as an Indian Institute of Management, two of the most premier institutions in the country. Property rates in Indore are picking up after the super corridor has been announced. The Bus Rapid Transit System, in recent times, has succeeded in connecting most parts of Indore. It is still developing to facilitate the ever-growing network of roads in this city. Infrastructure projects that include educational institutes and hospitals are also another aspect you can look at. You should check out established residential areas for a more balanced evaluation of property rates.
