Posted on: 3 November, 2014
Indore the commercial hub of Madhya Pradesh is emerging speedily as a potential real estate destination for property investors. The city has its own traditional speciality of being king of stones and marbles. Though it is considered as tire-2 city, in last few years it has been a point of attraction for real estate investors and the property prices are growing with a steady rate. The property prices in the prime cities like Mumbai and Delhi are already out of reach for middle class people. The ideal scenario, where tire-2 cities having good infrastructure, will became their target investment place! Buying a property in Indore is considered as one of the most lucrative deals, as a result the NRI investors are getting attracted towards the real estate in Indore.
According to recent research in the real estate industry, metropolitan cities in India have already reached the saturation point, in terms of price as well as land availability. As a result we can observe the investors giving preference to tier-2 cities like Indore.
Apart from all these facts the city also has seen some positive developments in the IT sector, in past two years. Known as the trade centre of Madhya Pradesh, the city already incorporates different business like automobile, textile, garment etc. With growing presence of top notch industries in the city, grown are the employment opportunities for professionals. The city also have a great impact on some other sectors like trade, commerce, art, fashion, education, science, technology, research, finance etc. As a result working professionals and students are seen migrating to the city in great number. This further increases the demand for residential properties, further flourishing the real estate in Indore.
The property in Indore is classified in two sectors one is residential and another one is commercial. Generally speaking demand for residential properties seems to be high. In this fast growing city with a population of more than 2 million the need of living spaces will obviously grow along with time. This fact turns the real estate in Indore as the most promising sector for investment.
Eventually Indore has become the most favoured destination for property investors!