Space Park Phase II

By: Space Realcon India Pvt. Ltd. in Mahalaxmi Nagar

Space Park Phase II – Luxury Living on Mahalaxmi Nagar, Indore.

Space Park Phase II is a premium residential project by Space Realcon India Pvt. Ltd., offering luxurious Apartments for comfortable and stylish living. Located on Mahalaxmi Nagar, Indore, this project promises world-class amenities, modern facilities, and a convenient location, making it an ideal choice for homeowners and investors alike.

Key Features of Space Park Phase II: .

Prime Location: Strategically located on Mahalaxmi Nagar, a growing hub of real estate in Indore, with excellent connectivity to IT hubs, schools, hospitals, and shopping.

World-class Amenities: The project offers residents amenities like a Club House, Indoor Games, Landscaped Garden, Play Area and Security Personnel and more.

Variety of Apartments: The Apartments are designed to meet various budget ranges, with multiple pricing options that make it accessible for buyers seeking both luxury and affordability.

Spacious Layouts: The apartment sizes range from from 670 to 1040 sq. ft., providing ample space for families of different sizes.

Why Choose Space Park Phase II? Space Park Phase II combines modern living with comfort, providing a peaceful environment in the bustling city of Indore. Whether you are looking for an investment opportunity or a home to settle in, this luxury project on Mahalaxmi Nagar offers a perfect blend of convenience, luxury, and value for money.

Explore the Best of Mahalaxmi Nagar Living with Space Park Phase II?.

For more information about pricing, floor plans, and availability, contact us today or visit the site. Live in a place that ensures wealth, success, and a luxurious lifestyle at Space Park Phase II.

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.