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Real Estate Scenario in Indore

Introduction Indore is the largest city of Madhya Pradesh. It is also considered as the commercial capital of the state as it has traditionally been the hub of commercial activities here. Indore is also famous as the âCity of Holkarsâ. This historical city was build by Rani Ahilyabai Holkar, who was the queen of the region. Indore along with its satellite townships of Pithampur, Mhow and Dewas has emerged as one of the most developed industrial belt of the state. The city is highly developed in terms of infrastructure and basic amenities giving glimpses of the life style of Mumbai. And probably so Indore is also known as âMini Mumbaiâ. General Information Indore is located in the western region of Madhya Pradesh. The city has average elevation of 1 meter. Its maximum width is stretched to Dewas on one side and Mhow on the other completing distance of about 65 Km. It has transitional climate where summer is very hot and humid and where as winter is mild and sunny. The average rainfall of the city is about 35 to 38 inches. Infrastructure The city of Indore is remarkable for its improved infrastructure and basic amenities. Indore is connected with all the major cities of India by bus and rail. The city can also be accessible by airways. The local transportation of Indore has made commuting in the city an enjoyable experience. Buses, auto-rickshaws, taxis and vans are easily accessible in every part of the city. Devi Ahilyabai Holkar International Airport is located 5 km away from the city from where flights are available for the major cities of India. Indore has long been the hub of educational activities not only in Madhya Pradesh but also in India. There are several reputed educational institutes located here. Major among them are Indore University, Indian Institute of Management Indore, and Indian Institute of Technology Indore. The city is also famous for excellent secondary education with some of the best Schools of Central India located here. Basic Amenities The city has emerged as one of the favored destinations for investment in real estate market for its improved basic amenities. 24 hour availability of water and electricity in the city has made it very popular among the investors. The city also has the abundance of Specialty Clinics and Health Care centers that has played major part in the improved health condition of the general public of Indore. There are numerous malls, parks, multiplexes, etc. that have helped in improving lifestyle of the people. Real Estate Investment As Indore is one of the fastest developing urban centers of Central India, it has attracted numerous public and private players to invest in the real estate market. Ansal, Parswanath, Omax, Shalimar, India Bulls, Silver, are some of the major Real Estate Players in the city. One of the bench marks in the domain of real estate has been development of Crystal IT Park on 24 acres of land at Khandwa Road. This will help in the swift growth of IT sector in the city. The demand of residential property has also shot up mainly due to the increased population of Indore. Shalimar Township was the first township concept successfully implemented in Indore. There are about 18-20 integrated townships that are being developed in Indore. The market of real estate in Indore is expected to grow at the rapid speed in the coming year. According to the experts, investment in the residential and commercial properties of Indore in this particular time is sure to bring maximum return on the investment.

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