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Real Estate Forum on Real Estate Indore

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Does the Municipal Corporation still have plans of chopping down 199 trees for developmental projects in the city? Won't this affect the potential real estate in Indore?

Latest Answer: That is really great! Any project facing trees for obstacles, now need to know the number of trees in the project area as well those coming in the way of the project. Then they have to provide satisfactory answers as to why they want the trees cut down. Permission to do so will only be granted if the project transplants the trees. Also a fee would have to be paid to the municipal commissioner. So all this has made it all the more difficult for people to cut trees yay! There's also going to be a tree census in all of Indore where all trees having more than 30 cm circumference and taller than 1 metre are counted and put under the Global Positioning Scheme where they will be henceforth monitored! :)
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Q: I read in the news that Indore's Bus Rapid Transit System can be compared to international levels. Has it positively affected real estate in the city? Or are there problems caused because of this project?

Latest Answer: Bottom line is that Indore really doesn't need so many buses. The project would be able to contribute more to the growth of Indore if it only optimized on resources. The latest news related to BRTS has talked about how it violates the state law of purchasing diesel vehicles. About 4 years ago the law passed stated that, by the year 2013, all public transportation vehicles must switch to CNG. All auto rickshaws made the switch. When BRTS first came out, they promised us that pollution would decrease but to this I laugh out loud! 1300 trees were cut for the BRTS corridor and the law requires the project to plant 5 trees for every 1 tree cut. But that never happened! And the pollution is just going to increase if BRTS decides that it will stick with the diesel bus. Very hypocritical of the Indore civic authorities for allowing this to happen.
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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?

Latest Answer: Thanks for shareing this information .it is very helpful for me
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