Shrikrishnas Avenue Phase I And III

By: Shrikrishna Devcon Limited in Khandwa Road

Along the south-eastern region of Indore lies Khandwa Road, a small world of calm within the chaos of urban expansion in the city. Infrastructure-wise, Khandwa Road is a jewel in Indore’s crown, with several renowned schools and colleges scattered across the area. The growing IT industry and expanding real estate market are features of the locality. Some of the popular schools and colleges situated here include Indian Institute of Management, Queen’s College, Indian Institute of Technology, Arihant College, Indian Institute of Professional Studies, and Devi Ahilya Vishwavidyalaya.

Being a prominent residential locality with many families residing there, Khandwa Road also has excellent primary schools such as Podar International School, Cambridge International, Guru Harikrishna Public School, Little Diamond School, and Sanjeevini School. The area also offers plenty of avenues for medical care, with major hospitals like Index Hospital, Rohit Eye Hospital and Child Care Centre, and Pushpunj Hospital in the vicinity.

Key Projects in Khandwa Road : 

Connectivity and Transit Points

Indore City Transport Service Corporation (ICTSC) serves the city’s public transport needs admirably. Khandwa Road, in particular, benefits from a constant flow of BRTS buses that can be boarded from Standard Public School BRTS, DAVV, Bhawarkuan Square, and Swami Vivekananda bus stops. The BRTS route covers 6km stretching between Anuradha Nagar and Tejaji Nagar at Indore Bypass Road Junction.

Taxi services are easily available in Khandwa Road; this includes ITSL City Taxi service, which uses a GPS system to find the quickest and least congested routes in the area, and city at large.

Major Landmarks

Indian Institute of Technology, Indore

Bhawarkuan Square

Chlorophyll Restaurant

Queen’s College

Soybean Research Institute

Factors for Growth in the Past

Situated at the confluence of two developmental waves, east and south of Indore city, establishment of prominent institutes made Khandwa Road a popular realty destination and attracted people from all across the country.

The rise of the IT industry in Indore was the other trigger, as more and more people began to move here in search of residential property, ultimately opening up the commercial and retail markets.

Residential & Commercial Market

Several major residential projects around Khandwa Road have been completed, with many others being either planned or under construction. Both individual houses and apartments in Khandwa Road are plentiful, although the majority saleable property comprises undeveloped plots and layouts.

Property prices in Khandwa Roadare typically on the lower side. During Q1 2014, average property price was Rs 2,100 per sq. ft. In the second quarter, the prices appreciated to Rs 2,300 per sq. ft, recording an appreciation of about 9 per cent in just a quarter.

Major Challenges

Water supply is a civic challenge in Khandwa Road. While sanitation and most other public utilities are enough to meet the demand, the water crisis in the city has affected Khandwa Road as well. The presence of several MNCs and educational institutions only adds to the drain on the area’s water supply, as does the high floating population in the area.

Factors for Growth in the Future

Khandwa Road is a promising residential and commercial area. With ease of access to city centres and relatively low real estate prices, the locality is primed for rapid development, especially commercially.

In the coming years, Khandwa Road is expected to be a top destination for MNCs and IT conglomerates that are looking to establish their headquarters in Indore. Naturally, this will spur residential development and, in turn, commercial growth in the area. 

Several developers, including Tricone Projects India, Laxmi Land Developers, Sky Developers, and Sarthak Estate Developers, are playing an active role in the Khandwa Road real estate market. The projects usually involve villa complexes, private housing colonies, and apartment blocks.