The largest city in Madhya Pradesh, Indore boasts of the most expensive real estate market in the state. As per an established report, Realty Sector in Indore has grown swiftly in past few years and greatly contributes to the overall economy of Madhya Pradesh. There can be observed an increase in the Commercial and Residential Property Projects being launched in Indore.
The Major Real Estate Projects In Indore:
As stated by the realty planners, approximately 100,000 additional houses are annually required in order to fulfill the rapidly increasing accommodation demands of the city. Seeing the huge demand, several Real Estate Companies have come up with a number of real estate projects in Indore. For instance, at the national front, there are several Real Estate Players who have launched major Residential Projects in Indore. Some of those Realty Developers are:
- DLF Limited
- Suncity (ZEE Group)
- Ansal API
Besides, there are several Local Real Estate Players such as Kalindi, Milan Heights, Silver Spring, etc. that have launched and are launching residential and commercial projects in Indore.
Key Factors That Contribute To The Growth Of Realty Sector In Indore:
Infrastructure & Basic Amenities: infrastructure and basic amenities are the major factors for the booming realty sector of Indore. The city has excellent connectivity with the major cities of India via airways, rails and buses. In addition to the infrastructure, the city has all the requisite amenities and the 24 × 7 availability of electricity and water, well-equipped Health Care Centers, Educational Institutes, Specialty Clinics, Multiplexes, Parks, etc. testify the same.
Education: Indore has long been one of the major education centers not only in Madhya Pradesh but in whole India. The educational institutes such as Indore University, Indian Institute of Technology and Indian Institute of Management are famous for their well-structured education system. Likewise, the city is also well-known for its first-rate secondary education of the Schools.
Industrial Growth: Indore has witnessed immense industrial growth in recent times. Textile and garments, pharmaceuticals, automotive and food & beverages, etc. are some of the industrial sectors that have incredibly contributed to the economic and industrial growth of the city.