Indore real estate ideal for short, long term investments
Jan 31, 2014
Source : The Times of India


INDORE: Indore market has been one of the major upcoming real estate markets in India for the last 12-18 months. With IT majors such as TCS, Infosys etc. making presence around the Super Corridor, the IT sector is becoming one of the biggest growth drivers for the real estate in the city in 2014. This is particularly for localities around the Super Corridor which are becoming a hub for real estate development.

Over the years, Indore has witnessed a high volume of migratory population, increasing the demand for residential property both for self use as well as for rent. In 2014, investors and buyers are expected to invest more in apartment projects rather than land in suburban areas. Need of the hour is faster infrastructure development from authorities, availability of affordable home loans and faster approvals.

Localities to watch out for investment

Due to the close proximity with all major IT companies and the airport, localities situated in North-west and the Northern part of Indore would be growth engines for the future. Super Corridor, Aurobindo Hospital, Indore-Ujjain 4-Lane Highway and MR 10 are some of the localities. Also, with the new proposed railway station, Interstate Bus Terminus, medical hub, sports complex coming up, localities within a 2-3 km radius will grow.

Importance of Super Corridor

The Super Corridor is majorly growing because of the infusion of IT companies in its proximity, direct traffic giving signal free connectivity with the airport, proposed major infrastructure developments like the medical hub, sports complex, proposed campuses of educational majors like Symbiosys, NMIMS in the vicinity, tree-lined alleys along with developing social and physical infrastructure make it the most sought after locality of Indore for professionals working for IT companies and looking to shift to Indore in the next 2-3 years. The prices here range between Rs 2,200-3,000 per sq ft. Residential projects primarily comprise of high-end premium apartments, ranging between Rs 25-50 lakh.

Indore has seen a substantial rise in the premium living properties. As expected, with escalation of demand in the segment, prices of properties according to industry sources have doubled in the last two years.

However, Indore is a good option for both long and short term investments. Location of the Super Corridor is its biggest USP due to direct connectivity with the airport, the new proposed railway station, Interstate Bus terminus, medical hub and sports complex. The demand for high-end residential development would be significant in the Super Corridor and the nearby areas. The residential demand in the area will increase after the commencement of the operations from TCS, Infosys and other proposed IT majors, establishing Super Corridor as an IT Hub.

Compared to other metros, Indore is still considered to be and would remain to be affordable in 2014. But the city is in need of a continued nonstop development of physical infrastructure. Investments in real estate are long term and a stable government with clear reform policy initiatives would fuel growth in the sector.

Latest Realty News

Indore realtors flay new real estate law
Dec 06, 2013
INDORE: Realtors want some amendments in the Real Estate Regulation Act (RERA). Though the Act was being introduced by the government on the demand of the industry itself, they believe that the Act, if implemented in its present form, will not serve the purpose on several counts.
IDA to build software park, RTO building
Sep 13, 2013
NDORE: Construction of proposed Software Technology Park at Pardeshipura and new office building of RTO at Bypass will begin soon. Indore Development Authority (IDA) board on Thursday has awarded the contract for the project to a company.
Gurgaon land use: Cong MP targets Hooda Govt
Aug 17, 2013
CHANDINARH: In a fresh embarrassment to Congress, party MP Rao Inderjit Singh today alleged that the Haryana government had changed the draft and master plans of Gurgaon to benefit certain builders, a charge rejected by the state government.
CII: Emerging investment hotspots
Jun 25, 2013
DELHI: India has its own unique and integral complexities and business is not an exception to it. Corporations strive for increased efficiency and productivity amidst these complexities. Real estate is an integral ingredient in the formation and growth of all businesses and steadily maturing into a big business itself.
Buying a property just got a bit more cumbersome
Jun 25, 2013
MUMBAI: A common saying goes, to know "stress", organize a person's marriage or endeavor to build a house. Consider the various factors which affect the decision on the purchase or building of a house, they range from vastu, legal documentation, anticipated appreciation in value and maybe even the whims and fancies of the relatives. Clearly, factors which may cost a common man, seeking to obtain a roof over his head, many a nights sleep. Well, thanks to the Finance Act, 2013, the stress has been
Bangkok cheapest office location in Asia; Hong Kong most expensive
Jun 25, 2013
BANGKOK:Bangkok was the cheapest city for office rents in Asia this year, while Hong Kong was the most expensive, an international property consulting company said on Monday.
CREDAI bats for realty reforms with Girija Vyas
Jun 24, 2013
DELHI: Praising the Union Government’s efforts towards real estate reforms, realtors’ apex body Chairman Lalit Jain expressed the hope that the new Housing and Urban Poverty Alleviation Minister Ms. Girija Vyas will continue with the unfinished task of her predecessor Mr Ajay Maken.
How new real estate bill could reshape the realty ecosystem?
Jun 20, 2013
MUMBAI: 1) Project Registration When the Real Estate (Regulation and Development) Bill 2013 comes into effect, all projects will have to be registered with a real estate regulatory authority.
The Bill will be a boon for homebuyers
Jun 19, 2013
MUMBAI: The Real Estate Regulator Bill which was recently approved by the union cabinet, has been several years in the making now and hasn’t had smooth sailing from the start. Apart from inordinate delays, it faced much resistance from the real estate fraternity at initially who were afraid that this Bill would prove to be yet another regulatory bottleneck, rather than a regulation that would empower the industry and its homebuyers.
Plots made available to 4558 members of housing societies
Jun 19, 2013
INDORE: After a marathon probe of co-operative housing socities in the city, the district administration has made available plots to 4558 people who had not got a piece of land for years despite being legal members of these societies.

Latest Realty News Of State

Realty Talk's