Q:I read somewhere in the beginning of the year, that Vijay Nagar in Indore saw a real estate growth of 10% in the last quarter of 2013. What are the factors responsible for this land value increase?
Latest Answer: Yes even property wise, Vijay Nagar has so many options. Multistorey apartments, luxury apartments, residential complexes, independent houses, gated communities and plots. Most of the home buyers are attracted to resale projects now because no new residential project is coming up. So this will again, I think increase the prices in the locality. The price per square feet has gone up from Rs 2762 per sq ft to Rs 3034 per sq ft in the past six months alone. People are more interested in buying bungalows and low rise structures over here. Definitely a good locality for you to live in. Especially if you have a great, well paying job! :P
