5 Reasons Why Indore Must Be On Every Property Investor’s List
Indore, the largest city in the state of Madhya Pradesh, has become a much sought-after investment destination in India. Its famous cotton mills and thriving cosmpolitan culture have lent Indore the popular label of ‘mini Mumbai’. Always known for its sound infrastructure, rich history and culture, and wide-ranging civic amenities, Indore is now also recognized as an important IT destination in India.
If you have been looking to make a real estate investment, here are some compelling reasons to explore your options in the city of Indore:
1. An upcoming Smart City:
Indore is among the first 20 cities in India that was chosen to be developed as a Smart City. As a result of this, Indore has witnessed significant infrastructural development in the recent years, thereby also attracting investors from across India and abroad.
2. Growing educational hub:
Indore is dotted with premier educational institutes, including the prestigious IIT, IIM and Symbiosis. Moreover, the city offers many educational centres for the preparation of competitive examinations like UPSC, CAT and CLAT. Some of the reputed local universities in Indore include Shri Govindram Seksaria Institute of Technology and Science, Mahatma Gandhi Memorial Medical College, Indian Institute of Hotel Management, Barli Vocational Institute for Rural Women, Government Holkar Science College, and Prestige Institute of Management Research. The city is a popular destination among students, and therefore, a lucrative rental market.
3. Quality of life:
From reputed schools to world-class hospitals, medical centres, marketplaces, shopping malls and restaurants, Indore offers its residents a wide-ranging assortment of civic amenities for a comfortable lifestyle. Moreover, Indore was declared the cleanest city in India based on the survey of 4,200 cities in Swachh Survekshan 2018. Indore has been declared number 1 in terms of cleanliness for the third time in a row. If you’re looking for a good quality of life at relatively affordable costs, then Indore is the city for you.
4. Proposed development plans:
On its journey to become a Smart City, Indore is set to witness many important infrastructural changes and developments. The city’s civic infrastructure is ready to welcome its upcoming cutting-edge Metro service. The Indore Metro will cover a distance of 107 km and will be India’s first service to have driverless trains. Other proposed development plans include software technology parks, office complexes, roadways, and more.
5. Super Corridor with IT companies:
Indore’s Super Corridor is a long stretch that begins at the Indore Airport and goes all the way up to Vijay Nagar Square. The Super Corridor is one of the most prime locations in the city, and it is dotted with many major IT companies (like Infosys, TCS, Impetus, Worldpay, SysTango, etc.), MNCs, educational institutes, recreational destinations, and commercial and residential projects. The development of the Super Corridor is one of the biggest reasons for the growing investments in Indore.
For all the above reasons, many reputed real estate developers including Emaar India, have launched their projects in the city. The premium residential project- Indore Greens by Emaar—is the developer’s second launch here, and is strategically located at the junction of the Economic and Super Corridor, at a distance of just 2 km from the Indore International Airport.
Make the prefect investment in Indore with residential plots at Indore Greens, a residential project by the world-renowned Emaar Developers.