Indore News: The peace of Indore is attracting real estate investors, investment of 5 thousand crores

Indore News: Many affluent people who want to live away from the noise of the city are also building bungalows on the other side of the bypass.

Indore News: Indore, Naiduniya Representative. Good food, pleasant weather, better education, good treatment, employment opportunities... and the culture of Malwa which embraces everyone. What better place can there be to live than this. Perhaps that is why Indore, the fastest growing city of Central India, is also attracting real estate businessmen and investors. The city which was developing between the ring road and bypass road till some time ago is now expanding to the surrounding villages. There are about 500 residential projects going on in Indore at present. There is an investment of Rs 5 thousand crores in these.

Not only Indore, investors from Mumbai, Delhi, Pune, Nagpur have also bought land here and started residential projects. Some companies have brought their own projects while some have partnered with investors from Indore. Although development is taking place all around the city, the Indore-Ujjain road is currently attracting the most interest. On the other hand, colonies have started developing in villages up to three kilometers from the bypass road.

Investors have also reached the villages across the Super Corridor. People buying houses or flats are also going to townships and colonies according to their budget. Till a few years ago, people did not like to go across the bypass road, but now buyers with low budgets have started going there. Not only this, many wealthy people who want a big plot and want to live away from the noise of the city are also building bungalows on the other side of the bypass.

That's why Indore is a favorite place to live

1. Indore became the first choice of big corporate hospitals

Indore is rapidly emerging on the country's map in the medical field. Till a few decades ago, patients here had to run to Delhi, Mumbai, Chennai for treatment of serious diseases but now the situation has completely changed. Big corporate hospitals want to work in Indore. Some have already come here and some are preparing to come very soon. Modern treatment for every serious disease is available in the hospitals here. Along with being the economic capital of the state, Indore is now being recognized as the medical capital. Medical tourism is developing rapidly here. Patients from not only the country but also from abroad have started coming here for treatment.

2. Number one in cleanliness, weather is also better

Indore has been the cleanest city in the country for the last six years. The citizens here are aware about cleanliness. Not only are the roads clean here, but the back lanes have also been cleaned completely. The back lanes here are being used as playgrounds for children. Sometimes parties are also held there. Foreign guests come to visit the garden developed in the trenching ground of the city.

- The city is neither too hot in summers nor too cold in winters. Rainfall is also normal. Overall, every season here is pleasant and does not cause trouble to the residents. Despite being a metropolis, the level of pollution is low. Whereas in this case, Delhi, Mumbai and other big cities are ahead of Indore in pollution. Doctors also believe that the weather of Indore is good for health.

3. Rapidly developing infrastructure

- Under the Smart City Project, the work of modern roads and bridges is going on at a fast pace in the city. Under the Smart City Project, the city's identity Rajbada has been given a new look. Apart from this, the heritage of archaeological importance like Lalbagh Palace, Bolia Chhatri, Chhatribagh Chhatriyan etc. have also been restored. People not only want to invest here but also want to settle down. IDA has also increased its speed in developing infrastructure like roads, flyover bridges etc.

4. Food is good, culture is unique

Indore's food is also considered the best in the country. Not only the taste, the purity of food is also the best here. Food Safety and Standards Authority of India FSSAI has also approved this under the Eat Right Challenge competition. In the Eat Right Challenge competition, Indore's food is considered the purest in the country. Indore has also received an award for this. The culture of the city is also different from all others. Indoris have a deep sense of hospitality and belongingness. Indore residents showed this to the country and the world during the Pravasi Bharatiya Sammelan last January.

4. Food is good, culture is unique

Indore's food is also considered the best in the country. Not only the taste, the purity of food is also the best here. Food Safety and Standards Authority of India FSSAI has also approved this under the Eat Right Challenge competition. In the Eat Right Challenge competition, Indore's food is considered the purest in the country. Indore has also received an award for this. The culture of the city is also different from all others. Indoris have a deep sense of hospitality and belongingness. Indore residents showed this to the country and the world during the Pravasi Bharatiya Sammelan last January.

A big centre of education, it is becoming an IT hub

Indore's food is also considered the best in the country. Not only the taste, the purity of food is also the best here. Food Safety and Standards Authority of India FSSAI has also approved this under the Eat Right Challenge competition. In the Eat Right Challenge competition, Indore's food is considered the purest in the country. Indore has also received an award for this. The culture of the city is also different from all others. Indoris have a deep sense of hospitality and belongingness. Indore residents showed this to the country and the world during the Pravasi Bharatiya Sammelan last January.

4. Food is good, culture is unique

Indore's food is also considered the best in the country. Not only the taste, the purity of food is also the best here. Food Safety and Standards Authority of India FSSAI has also approved this under the Eat Right Challenge competition. In the Eat Right Challenge competition, Indore's food is considered the purest in the country. Indore has also received an award for this. The culture of the city is also different from all others. Indoris have a deep sense of hospitality and belongingness. Indore residents showed this to the country and the world during the Pravasi Bharatiya Sammelan last January.

A big centre of education, it is becoming an IT hub

Indore has now become the education hub of Madhya Pradesh. It is the only city in the country where both IIT and IIM are top institutes. Devi Ahilya Vishwavidyalaya, the only NAAC A+ grade university of the state is also located here. Apart from this, 8 private universities are also run from here. Every year five to six lakh students come to Indore to make their future. Along with big IT companies like TCS, Infosys, there are 500 small and medium IT companies here. About 15 thousand youth work in these companies. These youth are also investing and settling in Indore.

Better connectivity with other cities of the country

Indore also has good air and rail connectivity. Due to this, there is good connectivity with big cities like Mumbai, Delhi, Pune, Hyderabad, Bangalore etc. Metro project is also coming up. Here the system of public transport buses within the city is also better. Road transport from nearby cities is also fast. Due to this, people from other cities are also preferring to buy houses in Indore due to business needs or other reasons.

These areas have the highest prices, flats cost between Rs 2 to 5 crore

In terms of property prices, Race Course Road is considered to be the most expensive in Indore. Apart from this, Kanchanbagh, Saket, Manoramaganj, Palasia, Vijay Nagar area on AB Road are the most expensive. There are flats here ranging from one crore to five crore rupees. The price of plots in these areas has reached from seven thousand to 20 thousand rupees per square feet. On the other hand, areas like Bichauli Mardana, Scheme Number-140, Nipania have also become very expensive. Property prices in these areas have doubled in the last five-seven years. The cost of construction has also increased by about 40 percent.

what the experts say

The real estate sector in Indore is currently in a favourable condition. The cost of living in Indore is very affordable. The people here accept people from other cities. There is no fundamentalism either. People from every community live here. There are many people who settle in Indore after retirement.
- Atul Jhawar, Treasurer, CREDAI

Source: https://www.naidunia.com/madhya-pradesh/indore-indores-peace-is-tempting-real-estate-investors-investment-of-5-thousand-crores-8029806