Sakar Elite Apex

By: Sakar Builders in Mahalaxmi Nagar

Set in 3.40 acres in the fast developing Indore, just off Mahalaxmi Nagar , Sakar Elite Apex is located close to major schools, colleges, hospitals and shopping malls, ensuring that your daily life is convenient and hassle free. Not just that, the development is within immediate reach of major transport hubs besides being eminently accessible from all parts of the city via expressways and arterial roads. Fully equipped with all that you need to keep you and your family entertained, such as 24Hrs Water Supply, 24Hrs Backup Electricity, CCTV Cameras, Covered Car Parking, Fire Safety, Intercom, Jogging Track, Kids Pool, Landscaped Garden, Lift, Play Area, Rain Water Harvesting, Sand Pit, Security Personnel, Swimming Pool, Temple and Toddlers Pool, Sakar Elite Apex is the house just meant only for you. These finely planned and brilliantly laid out 161 Apartments is available in a range of sizes and configurations. 2 BHK, 2.5 BHK, 3 BHK and 4 BHK bedroom Apartments are available to choose from,based on your needs. This Residential layout is a dream project of Sakar Builders, a well known name in construction business. Currently Sakar Elite Apex is completed.

Location Advantages: Sakar Elite Apex is strategically located with close proximity to all civic amenities such as schools, colleges, hospitals, shopping malls, grocery stores, restaurants, recreational centres etc. The complete address of Sakar Elite Apex is Sector-5, Pipliya Kumar, Mahalaxmi Nagar, Indore, Madhya Pradesh, INDIA..

Construction and Availability Status:. Sakar Elite Apex is completed project.

Units and interiors:. It offers spacious and skillfully designed 2 BHK, 2.5 BHK, 3 BHK and 4 BHK at very affordable prices. Sakar Elite Apex comprises of dedicated wardrobe niches in every room, branded bathroom fittings, space efficient kitchen and a large living space. Proper ventilation is there in every corner of the house.

Mahalaxmi Nagar is an attractive locality for anyone looking to buy property in Indore. It is located in the north-eastern part of the city, and is well connected, with many schools, eateries, and stores nearby. Well-known educational institutions such as Pioneer Institute of Professional Studies, Ishaq Patel Public School, and DPS Indore add to Mahalaxmi Nagar’s civic arsenal.

Mahalaxmi Nagar is situated in between Eastern Ring Road and Indore Bypass Road, which is a boon for regular commuters. MR-10 and MR-9 are two other important roads that are also situated nearby, which connects the locality to the rest of Indore and Madhya Pradesh.

Connectivity and Transit Points

This area is only 13km from Devi Ahilyabai Holkar Airport, which is just about 25-minute drive. It is also approximately about 7km away from Indore Junction Railway Station. With easy access to both the airport and the railway station, Mahalaxmi Nagar is a prime locality in terms of connectivity.

The Ring Road, MR-10, and MR-9 also give easy access to and from Mahalaxmi Nagar.

Indore Bus Rapid Transit System (IBRTS), which became functional in 2013, plies Eastern Ring Road and other major routes. Cabs and auto-rickshaws are very common here, and can be hired to commute within the city.

Major Landmarks

Bombay Hospital

Apollo DB City

Pioneer Convent

Atal Bihari Vajpayee Stadium

Factors for Growth in the Past

Connectivity has been a boon for Mahalaxmi Nagar. Further, the presence of civic amenities like banks, restaurants, and malls has also influenced its growth positively and made it a popular residential option. With the increasing number of residents, the commercial establishments catering to the population have also grown significantly.

Residential Real Estate Market

Residential space in Mahalaxmi Nagar mainly comprises of apartments, with independent houses coming in second.

In the April-June quarter of 2013, price per sq. ft. was Rs 2,400, which dropped to Rs 2,200 in the July-September quarter of the same year. However, it has been on a climb since then, with average prices during the April-June quarter of 2014 hovering at Rs 2,500 per sq. ft.

Major Challenges

Mahalaxmi Nagar has had problems in the past with overflowing drains and persistent power cuts because of inadequate and poorly maintained infrastructure.

Traffic is also a hassle. Roads around the area can get crowded during peak hours, but that is to be expected in a popular urban area. Hopefully, the planned Indore Metro project will solve this problem to some extent.

Factors for Growth in the Future

The Indore Metro is expected to be operational by 2019. This is expected to further boost the realty market of the area by enhancing the region’s connectivity to other major growth centres. Thus, investing in Mahalaxmi Nagar property could prove to be a wise choice since prices are expected to rise in the future.