Indore is not only the cleanest city of India but is also paving the path to being a smart city in upcoming years. Indore is a city with top educational institutes like IIT and IIM; it also houses some of the best medical centers, hospitals and MNCs. The Super Corridor is now attracting investments from global companies worldwide.
In this blog we discuss, why one should invest in Indore?
Super Corridor is one of the major reasons to invest in Indore. With 12 km area, it comprises of MNCs, Educational Centers, Industries and Commercial/Residential projects. It is a show stopper for all the investors.
The City is proud to be home to some of the finest educational institutes for IPS, IAS, CAT and CLAT making Indore the first choice of students from all over India.
Devi Ahilya Bai Holkar Airport is now connected to the world with international flights to select many destinations. These are set to increase in frequency and the destinations will only grow in number.
With so many feathers under its cap, it is only natural that Indore is gearing up to be a Smart Metro City in the coming years. With all the development being done through IDA (Indore Development Authority), Indore is flourishing day by day.
Why Are People Investing In Residential Projects In Indore?
People are aiming to secure their career. Several surveys have been done in such a manner. An interesting fact that is highlighted everywhere; people who prioritise a long-term career for them and their children are thinking to settle down in Indore and are making it their first choice to buy flats or apartments in Indore.
People are aware of the arrival of IT giants like TCS and Infosys in Indore and through this Indore is getting global attraction. All the programs of the IDA are in the direction to make Indore a smart city and a place where people can live in peace and tranquillity with their careers and livelihoods being taken care of. The arrival of MNCs only goes to prove that Indore has a quality workforce and is a worthy investment for the tech giants.
Also, we as developers try and bring the best amenities to make your stay at your new home comfortable and peaceful.
Where To Invest?
Indore consists of many residential areas full of best amenities. Right now, Bicholi Mardana is one of the most happening locations in Indore with a lot of buyers lining up to purchase their dream home. With the latest developments, Bicholi Mardana has become a hub with all the amenities within walkable distance. It has become home to the Passport Office and also the District Court project is in development. For the families, Bicholi Mardana has some excellent fine dine restaurants and shopping arcades. All in all, it is one of the most upcoming areas in Indore.
Property prices have seen a 3 fold jump in Bicholi Mardana (Indore) in just 5 years. This makes it an excellent location for investors. Considering per sq-ft price has jumped from INR 1,500 per sq-ft in 2014 to an average of INR 4,500 per sq-ft in 2020. In the last two quarters, the average prices have gone up by more than 25%.
If you are thinking of buying a property in Indore, we hope our blog helps you make the right decision!