Mirchandani Shalimar Exotica

By: Mirchandani Group in AB Road

Project Introduction:. Mirchandani Shalimar Exotica is an unmatched Residential property located in AB Road, Indore. The project offers plenty of benefits that includes prime location, comfortable and lavish lifestyle, great amenities, healthy surroundings and high return.

Location Advantages:. Mirchandani Shalimar Exotica is strategically located and provides direct connectivity to nearly all other major points in and around Indore. It is one of the most reputable address of the city with easy access to many famed schools, shopping areas, hospitals, recreational areas, public gardens and several other public amenities.

Builder Information:. Mirchandani Shalimar Exotica is built by Mirchandani Group. It's a leading group in real-estate market in Indore. The team of this builder group is known for its superior work and punctual delivery of high-end Residential Apartments developed precisely in accordance with the pre-defined specifications.

Units and interiors:. Mirchandani Shalimar Exotica offers 3 BHK and 4 BHK Apartments of many sizes. The magnitude of area included in this property vary depending on the number of BHK's. Mirchandani Shalimar Exotica is spread over an area of 1.20 acres with 4 floors. The master plan of Mirchandani Shalimar Exotica is designed in such a way that these Apartments comprises of wide space with proper ventilation at every corner of the house. The interiors are beautifully crafted with designer tiled floor, granite counter slab in kitchen, modern sanitary fittings in the bathroom and huge windows for proper sunlight.

Comforts and Amenities:. The amenities offered in Mirchandani Shalimar Exotica are Landscaped Garden, Swimming Pool, Gymnasium, Play Area, Rain Water Harvesting, Lift, Car Parking, Fire Safety, 24Hr Backup Electricity, Security and 24Hr Water Supply. All these features together assure many choices to relax, revitalise and relish at own home. Apart from that, suitable security devices are installed to ensure safety to the residents 24*7.

Home-seekers can also go through updated photo galleries, floor plans, latest offers, reviews, builder info and locality info for better understanding of the project.

A. B. Road isa bustling residential locality in Indore. With good infrastructure, excellent transport facility, and affordable housing, A. B. Road is truly a sought-after residential area. It attracts a lot of investment, thanks to its proximity to the significant centres of the city. Many reputed educational institutes, such as Mahatma Gandhi Medical College, Sikkim Manipal University, Institute of Advanced Network Technology, Nilgiri College of Professional Studies, and BM College stand tall in the area. Hospitals like Suyash Hospital, Maharaja Yeshwantrao Hospital, Vishesh Hospital, Eureka Hospital, and Rohit Eye Hospital and Child Care Centre reinforce the locality’s social infrastructure.

Connectivity and Transit Points

Indore City Transport Service Corporation Ltd (ICTSL) is the authority responsible for public transportation in Indore. It operates buses throughout the city, many of which pass through A. B. Road. The locality also has a designated BRTS route that runs along for 11.7 km, and caters to around 70,000 passengers daily. Some of the BRTS bus stops lying along A. B. Road are Palasia, LIB BRTS, Press Complex BRTS, M. T. 9 BRTS, and Vijay Nagar BRTS. ICTSL has also established a City Taxi transport service. These on-call taxi services use GPS to ensure seamless transport for the residents of A. B. Road.

Major Landmarks

• Mahatma Gandhi Medical College
• Sikkim Manipal University
• Geeta Bhavan Square
• Palasia Square
• Malviya Nagar Square
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Factors for Growth in the Past

The very first growth factor for A. B. Road came in the form of locational advantage. At the turn of the twentieth century, the rulers of Indore took a keen interest in urban planning. However, natural barriers like steep hills restricted Indore’s growth towards the west. As a result, the city expanded towards the east, propelling A. B. Road on the path of development Much later, the establishment of Indore Development Authority (IDA) and Indore Municipal Corporation (IMC) led to the planned development of the city, and ultimately turned A. B. Road into a residential and commercial hub. In recent years, the rise of the IT and industrial sectors in A. B. Road has fuelled both infrastructure and residential project development in the locality. Ever since, the locality has urbanised tremendously, with people from all over the country migrating here in significant numbers.

Residential Market in A. B. Road

Property prices on A. B. Road tend to fluctuate. In 2014, the average apartment price in the April-June quarter was Rs 2,288 per sq. ft., while the January-March quarter registered Rs 2,273 per sq. ft., on average. The price for independent houses and residential plots, on the other hand, stand at Rs 2,521 per sq. ft. and Rs 16,052 per sq yard, respectively.

Major Challenges

The major problem in A. B. Road is water supply. The area is incapable of meeting the demand of the growing residential population. Most popular analyses predict the rise of urban population in A. B. Road, which will ultimately add to the residents’ water woes.

Factors for Growth In the Future

Housing development is on the rise in A. B. Road. This has been fuelled mostly by the large number of people who migrate to Indore in search of jobs. As the commercial market is predicted to keep expanding, the development of new residential units, especially apartments in A. B. Road is set to continue. The increase in the inhabitancy rate is also certain, which will stir up development of recreational facilities like shopping malls, restaurants, schools, and hospitals. Today, A. B. Road has all kinds of facilities available, but the future will see rapid commercial growth in order to meet the demand. The development of up-market residential complexes is on the rise. A number of developers and builders such as Satya Group, Suncity Projects Pvt. Ltd., and Mirchandani Group, among others, have a myriad of ongoing projects under development in A. B. Road.