Indore for Lucrative Real Estate Opportunities
Real Estate

Indore for Lucrative Real Estate Opportunities

The recently concluded CW Design-Build Conclave and Awards in Indore brought together industry stakeholders to discuss key factors that are driving growth within the city’s real estate and infrastructure sectors.

Giving a property market snapshot from research conducted by Housing.com on the city of Indore, Pratap Padode, Editor-in-Chief, CONSTRUCTION WORLD, and Founder & President, FIRST Construction Council, said, “According to IRIS Index, a leading indicator of upcoming demand in 42 key cities of India, Indore has pipped other central Indian cities such as Bhopal, Varanasi, Meerut, Raipur, Nagpur, and Kanpur, especially in the last quarter.” Elaborating on the current demand, he said, “Thirty-seven per cent of the homebuyers in the city are looking for apartments, followed by villas. Plots and independent homes together take a 27 per cent share of total property searches and queries in the city. And independent floors are least searched for taking a marginal share of 3 per cent.” Highlighting the price bracket, he said that the majority (69 per cent) of the potential homebuyers in the city are searching for apartments and villas in the less than Rs 50 lakh price bracket, followed by Rs 50 lakh – Rs 1 crore, which accounts for 23 per cent share in the total search queries. Also, 8 per cent were for properties above Rs 1 crore.

So , where is the maximum search for properties in Indore? Padode had the answer and his list comprised cities including Talawali Chanda, Mahalakshmi Nagar, Lasudia Mori, Nipania, Vijay Nagar, BhicholiMardana, Sudama Nagar, Rajendra Nagar, Limbodi, and Rau.

Indore boasts of certain elements. Among India’s fastest-developing smart cities, it is also the cleanest city. Rather, Indore is the cleanest city in India for the sixth year in running.The processing of 1,900 tonnes of urban waste every day, which earns crores of rupees, also fuels its buses. What’s more, the city is developing a digital addressing system and is accelerating its drive against illegal structures. It is also promising to issue construction permits in 72 hours.

Shri Kamal Patel, Hon’ble Minister for Farmer Welfare & Agriculture Development, Ministry of Agriculture, Government of Madhya Pradesh,said at the recently concluded CW Design-Build Conclave and Awards in Indore,“Madhya Pradesh lies at the heart of India. Bhopal may be the political capital but in the case of trade, commerce, and cleanliness, Indore can be considered the capital. And today, the city of Indore has not only earned its name in India but the world over, for its cleanliness. As positioned centrally, there is great scope for any field or industry in this city.” He further elaborated on how there has been considerable growth across villages and smaller cities in the areas of roads, power, and water. And how the country has been progressing towards achieving the Atmanirbhar vision.”

Madhya Pradesh is a growing state, and Indore is a leading city within the state, said Shri Ramprakash Ahirwar, CEO, Indore Development Authority. “Indore Development Authority is working on seven town planning schemes. On a land spanning 13 hectares, we are offering housing or infrastructure such as flats or plots along with whatever is required for inclusive growth of the city, such as roads, and implementation of the master plan...

To read the full story, CLICK HERE

The recently concluded CW Design-Build Conclave and Awards in Indore brought together industry stakeholders to discuss key factors that are driving growth within the city’s real estate and infrastructure sectors.Giving a property market snapshot from research conducted by Housing.com on the city of Indore, Pratap Padode, Editor-in-Chief, CONSTRUCTION WORLD, and Founder & President, FIRST Construction Council, said, “According to IRIS Index, a leading indicator of upcoming demand in 42 key cities of India, Indore has pipped other central Indian cities such as Bhopal, Varanasi, Meerut, Raipur, Nagpur, and Kanpur, especially in the last quarter.” Elaborating on the current demand, he said, “Thirty-seven per cent of the homebuyers in the city are looking for apartments, followed by villas. Plots and independent homes together take a 27 per cent share of total property searches and queries in the city. And independent floors are least searched for taking a marginal share of 3 per cent.” Highlighting the price bracket, he said that the majority (69 per cent) of the potential homebuyers in the city are searching for apartments and villas in the less than Rs 50 lakh price bracket, followed by Rs 50 lakh – Rs 1 crore, which accounts for 23 per cent share in the total search queries. Also, 8 per cent were for properties above Rs 1 crore.So , where is the maximum search for properties in Indore? Padode had the answer and his list comprised cities including Talawali Chanda, Mahalakshmi Nagar, Lasudia Mori, Nipania, Vijay Nagar, BhicholiMardana, Sudama Nagar, Rajendra Nagar, Limbodi, and Rau.Indore boasts of certain elements. Among India’s fastest-developing smart cities, it is also the cleanest city. Rather, Indore is the cleanest city in India for the sixth year in running.The processing of 1,900 tonnes of urban waste every day, which earns crores of rupees, also fuels its buses. What’s more, the city is developing a digital addressing system and is accelerating its drive against illegal structures. It is also promising to issue construction permits in 72 hours.Shri Kamal Patel, Hon’ble Minister for Farmer Welfare & Agriculture Development, Ministry of Agriculture, Government of Madhya Pradesh,said at the recently concluded CW Design-Build Conclave and Awards in Indore,“Madhya Pradesh lies at the heart of India. Bhopal may be the political capital but in the case of trade, commerce, and cleanliness, Indore can be considered the capital. And today, the city of Indore has not only earned its name in India but the world over, for its cleanliness. As positioned centrally, there is great scope for any field or industry in this city.” He further elaborated on how there has been considerable growth across villages and smaller cities in the areas of roads, power, and water. And how the country has been progressing towards achieving the Atmanirbhar vision.”Madhya Pradesh is a growing state, and Indore is a leading city within the state, said Shri Ramprakash Ahirwar, CEO, Indore Development Authority. “Indore Development Authority is working on seven town planning schemes. On a land spanning 13 hectares, we are offering housing or infrastructure such as flats or plots along with whatever is required for inclusive growth of the city, such as roads, and implementation of the master plan...To read the full story, CLICK HERE

Next Story
Infrastructure Urban

Afcons shares gain momentum with Bhopal Metro Line 2 project

Afcons Infrastructure made a quiet debut on the stock market on Monday but quickly gained momentum after emerging as the lowest bidder for the Bhopal metro project line 2 package.The Bhopal Metro Phase 1 project’s 12.915 km Blue Line (Line-2) will link Bhadbhada Chauraha and Ratnagiri Tiraha, spanning 13 elevated stations. This package, issued by the Madhya Pradesh Metro Rail Corporation (MPMRCL), involves constructing all 13 stations of the Blue Line’s viaduct. The depot will also be shared with the Orange Line (Karond Circle to AIIMS) for maintenance and stabling purposes.Afcons’ exten..

Next Story
Infrastructure Transport

Locals urge CM to opt for road bypass over flyover at Dandeavaddo

Chinchinim villagers respectfully requested Pramod Sawant, Chief Minister, to instruct the Public Works Department (PWD) and the National Highway authorities to construct a road bypass instead of a flyover on the Dandeavaddo stretch of NH66. The villagers, led by Sarpanch Frank Viegas and Velim MLA Cruz Silva, also raised the long-standing issue of building the Chinchinim Panchayat Ghar and a multi-purpose project on panchayat land that was acquired more than 15 years ago. The delegation met the Chief Minister at the St. Sebastian Chapel junction in Chinchinim as he was returning home from a..

Next Story
Infrastructure Transport

MLA Yashpal Suvarna Announces Malpe-Udupi Highway Construction from Nov 6

MLA Yashpal Suvarna instructed officials to commence work on the Malpe-Udupi Highway on Wednesday. A meeting took place, attended by MP Kota Shrinivas Poojary, Udupi MLA Yashpal Suvarna, and Kaup MLA Suresh Shetty Gurme, to discuss the National Highway 169A project, which spans from Malpe to Udupi, covering areas like Hiriyadka, Parkala, and Perdur. The project had experienced delays due to incomplete land acquisition, but compensation notices have now been issued to the landowners. Of the 214 land acquisition files, 19 pertain to government land, while 195 involve private owners. Notices ha..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000