Q:Heard some major developments are happening in Indore? Some kind of manufacturing hub? Anyone has the details? What kind of hub is it exactly? Will this be good for the Indore real estate market?
Latest Answer: Well obviously it will be a huge boost to real estate. I think it is a great time to invest in Indore real estate. Especially once the stagnation in this sector is swept away, there will be a number of new jobs created. According to experts there will be almost 35000 new jobs every year, and the total investment amount in the sector can increase by Rs 300 crore. Of all the total 220 auto component manufacturing units in MP, 110 are in Pithampur (which is adjacent to Indore) and 45 is in Indore. So I think this can be one of the major forces in getting the dormant Indore real estate running again.
