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Real Estate Forum on Indore Real Estate News 2014

Real Estate Property Discussion Forum and Guide to Real Estate Queries

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Q: Hey there, i heard that there is going to be some development projects that will come in Potlod Village. Is it true? What exactly is the project. Could anyone plz explain it to me?

Latest Answer: Oh, for now the village is filled with problems. I happened to visit the village once. acute problems like electricity failure, lack of proper roads, drains, as well as other infrastructure is very persistant there. even the road joining Potlod to Chandravatiganj is a mere dirt track. There are no bus service, health centres or any other facility. i believe that this project will bring end to all these problems. the real estate of the village will also become active.
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Q: Hi all, i needed to know more about the proposed mega food park near indore. can anyone give me more info regarding Mega Food Park.
Latest Answer: Actually, it is quite a good project, no? they really recognized the enormous potential of the land in MP. The area is quite favourable to produce major agricultural as well as horticultural crops. The mega food park provides a good opportunity for people to invest in agriculture. No need to say, this is an inspiration taken from other Mega Food parks like International Mega Food Park in Punjab, Patanjali Mega Food Park in Uttarakhand and so on.
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Q: Hi there, I needed to know if the government acquires land from the people, what is the price for it in Indore? is there any new legislations regarding this? If there is, what is the process of land acquisition in Indore? Also how are private owners going to benefit from this?

Latest Answer: hey guys, i want add some more info to it. if the project for which the land was needed is abandoned, then the land will not be returned to the private owner. instead, it will be the property of state government itself and will be used for any other upcoming projects or developments that will require land.
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Q: Hey there, I want to know whether the proposed Vikram Udyogpuri Smart City which is actually in Ujjain contribute to the development of Indore? Can anyone with expertise give their opinion plz? I want to know more about any other related projects too.

Latest Answer: In my opinion this DMIC project is likely to spinoff a lot of development in the nearby satellite towns of DEWAS,small villages like PIPLODA DWARKADISH, GAWDI, MADHOPUR. These unknown places will suddenly have a great market value. My recent visit to these places showed ignorance of the local people regarding such mega developments.I think investors can cash on to this.
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Q: Hey all, i like to know more about Hukumchand mill land problem that was in the news lately. What exactly is the problem there?




Latest Answer: No, i totally disagree with you. Setting the fixed reserve price at such a low price was not ideal and also fair. The reserve amount will not be able to satisfy their requirements at any cost. Do u thnk its fair? The pending due are rs. 387 crore for the banks and rs. 229 crore for the employees. the bank was actually auctioning the land through DRT to recover this amount.
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Q: Hello there, last year when i was in Indore, i happened to hear about the Affordable Housing Scheme that was proposed. I am really interested to know if there are any developments in that direction?

Latest Answer: Hey, there are also other joint-plans from the part of IDA and IMC. one of them is to construct the multi-storied apartment housing on the land of the slum dwellers. The plan is to rehabilitate the same slum dwellers in those flats itself. this means that the city will at some time become slum-free and i am happy for that.
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Q: Hi, I have heard that the traffic situation in Indore is very pathetic. Is it true? at present are there any initiatives that are taken by any govt. body to resolve this situation?
Latest Answer: Totally true, this problem has even caught the attention of the World Business Council for Sustainable Development (WBCSD) too. Recently, they signed a MoU with Indore for preparing a mobility plan. i have heard that the first project of this multi-level parking will be implemented at Jawahar Marg.
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