Real Estate Development in Indore
- By: DCNPL
Indore, the commercial capital of Madhya Pradesh, is in the top ten list of highest GDP cities in India. With the GDP of $14 billion in 2011, Indore is standing ahead of other cities of Madhya Pradesh. Indore had hosted various Global Investors Summit on behalf of Madhya Pradesh. The latest GIS was held in the year 2016 where 150 CEO and around 3000 business delegates collaborated to replenish the infrastructure and invest in the various cities of India. The investors forecast the bright future of Indore with lavishing developments.
Indore also has shown its potential in stocks and trades and stands as the third oldest stock exchange in India. It is also a commercial city for goods and services since the 16th century.
Indore emerging as a central India financial and IT hub, and Training hub
Indore has been a target point of IT sector and the giant IT companies of India are looking forward to establishing IT sector in Indore. Infosys and TCS have escalated the opportunities for the youths and upcoming generations of Indore. Also, various NRI investors are anticipating the development of Indore through expensive investments.
The Japanese investors have conversed with the Madhya Pradesh government to invest in developing the industrial as well as the residential township in Indore. The Indore surroundings will also witness the automobile, manufacturing and IT development in Indore in the upcoming years making its economy stronger.
Real Estate in Indore
The investors get more attracted towards Indore. The investors are delving into the opportunities coming on the way of development of Indore. Indore being the commercial capital of Madhya Pradesh have a wide scope in every sector. The IT hub, education and real estates are making Indore as the centre of attraction for investors.
Indore is also known as an economic capital of Madhya Pradesh and Indore Development Authority (IDA) reveals that Indore has many upcoming industrial projects that are on the road of accomplishment for Indore’s development. In this series, the real estates business in Indore is not seeming in resting mood. The business has no effect on escalating rates because of GST, RERA or demonetization. Indore’s real estate business has increased by 20% of the revenue of Indore’s land registry. There is more to come.
Super Corridor project in Indore
Super corridor project of Indore is an attracting project because of its best-suited location for industrialists and residential township. A great location that connects the International Airport to the industry area of Pithampur. Also, it is having a connection to Delhi, Mumbai Industrial Corridor (DMIC). This connection can be expected as Indore shares its connection with Maharashtra and has been connecting with Delhi through its Deccan since the 16th century. Thus investments in this region are highly fruitful.
Factors governing the development of this Super corridor location:
Government’s contribution: This project is reaping the benefits of the government’s project and schemes for its development. The investors have foreseen the development of Indore with this super corridor project. The Japanese investors are ready to invest in Indore’s project with the government to create an integrated township serving industrial as well as residential purpose.
IT Hub: Indore is emerging as the giant IT hub. The IT crystal Park has already given a tweak to the It industries of Indore and to add more boom to this, giant IT MNCs are coming with their new IT ventures.TCS and Infosys have already invested in the super corridor location and progressing towards the IT dreams accomplishment. As the super corridor is near to these IT campuses, the location is gaining more attraction.
Educational Hub: Indore is a potential educational hub with various top universities and national learning centres. Around 3.8 Lakhs students stay in Indore for various educational courses. Indore is the first city in India which has the well-known and esteemed educational organization of IIT and IIM. This gives one more reason for the IT companies to look forward to Indore for the talented and skilled labours. It also makes the people invest in the super corridor location in the residential projects as it gives opportunities to their children for further progress. This enhances the attraction of the super corridor residential projects.
Ease of convenience: The geographical super corridor location is featured with all the transportation and logistics convenience as it is the posh locality near to the airport and IT campus. Also, AICTSL has its plans for extending its transportation facilities covering super corridor and major areas of the city. With an icing on the cake, the logistics convenience is at an affordable cost.
Indore has its Masterplan: The higher authorities of Indore, MP, IDA and global investors have a master plan for Indore. By the year 2021, the vision of the smart city has to be accomplished. A point to know here is Indore has been listed as top 9 smart cities in India.
Above all factors attract the investors to invest more in the super corridor project. Interesting to know here is that not only the investors are fascinated towards this location but also attracting the people looking for the residential purpose. The super corridor Indore project is leveraged with the best amenities and highly secure guarding facilities. With the super corridor development, the residential projects are seeking the attention of the people. Super corridor project is the modern approach towards the residential culture. For the investors, it will be beneficial to invest real estate development project.
Indore city is the superior city not only of Madhya Pradesh but at the national also. It has won the first prize for cleanliness in the swachh Bharat Sarvekshan and this year also the Indorians expect this title to the Indore as they believe “Indore Rahega No.1”. Awesome weather with the breeze of Malwa Plateau and an amazing crowd makes it the best in all aspects. Be it the food sector, restaurant and hotels, lavishing resorts and industrial sectors like automobile, manufacturing or educational centres and real estate property projects- Indore has lots of opportunities for all. We cannot take less happening as a Metro city. Yet Indore has many balls in its bags.