Why Indore’s MG Road Is Attracting Home Buyers

Despite being a city that is focusing on building up the affordable segment, MG Road in Indore is fast becoming a destination for the who’s who of the city. The 15 km long road is witnessing a major face-lift and is currently being dotted with a number of multistorey buildings which brag of having state of the art amenities and facilities.

Why Indore’s MG Road Is Attracting Home Buyers In Indore, residential projects along the stretches between Regal Square and Palacia are the most coveted. Local property buyers are now showing a keen interest in purchasing inventories here. The high standard of living is enticing many potential homes buyers to shift from investing in villas to buying spacious apartments along the MG Road.

Real estate developers are now tapping in to the growing trend and are purchasing large tracts of land to build residential ventures here. The availability of acres of land has stopped smaller projects from entering the realty market, thereby making the region a destination for many HNIs. 3 and 4 BHK homes here are expected to spread over a carpet area of 2,000 and 3,500 square feet respectively. The rapidly growing social infrastructure and the presence of many reputed restaurants, health-care units and educational institutions have enticed many to shift base here.

Depending on the location of the project, properties in Indore located here are said to hover between the INR 70 lakhs to INR 2 crore price range. Capital ventures here provide swanky specifications like club houses, 24X7 power backups and huge gymnasiums. Senior executives working in automobile companies are choosing to reside here.

The growing demand for housing has lured many investors to MG Road, and they are now purchasing properties with the sole aim to let them out on rent. The robust rental market has made the locality a favourable destination for many second time home buyers as well. 3 BHK homes here that cost an average of INR 3,700 per square feet are currently generating rental yields which fall anywhere INR 32,000 and INR 50,000 per month depending on whether the homes are semi or fully furnished.

Source :MoneyControl.Com, 24 Jul 2015

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Post Author: IHP News Network

4 thoughts on “Why Indore’s MG Road Is Attracting Home Buyers

  • Ajay choudhary

    (February 24, 2016 - 6:20 pm)

    Nice Blog..Definitely MG Road Is attracting Home buyers .There are so many locations to invest in Indore. presntly as per my knowledge Super Corridor is one of the best Localities to invest in Indore Flat For Sale In Indore the best residential properties at super corridor Indore. Super Corridor Indore has also become the business hub too where world’s best IT companies like TCS and Infosys have already started their operations and delivering best job and career opportunities.

  • Anita singh

    (April 5, 2018 - 5:14 pm)

    Indore has a large population of entrepreneurs with high purchasing power. The city has a number of strongly entrenched local brands along with national and international retailers. Traditional unorganised markets are slowly giving way to new organised retail markets with the arrival of new malls and shopping centres. The Real Estate property Flats in Indore in Indore at supercorridor is a leading property known for luxurious apartment.

  • Martina Davis

    (April 10, 2018 - 12:23 pm)

    Nice Blog..Definitely MG Road Is attracting Home buyers .There are so many locations to invest in Indore. Indore is a good option for property investment. There are various IT projects flourishing in Indore. This city has been in the limelight for its improved infrastructure and basic facilities. Coming to the places within Indore that would be good for your investment, I will mention some areas hoping that they will help you. Super Corridor: It is a lavish zone of Indore and has major projects and townships which have a rich lifestyle. Commutation should not be a problem and this place is in the heart of city. Investing here is a good decision as returns are going to be high in the coming years. For more information, you may refer to this link: http://www.propertyinindore.in

  • Shefali thakur

    (April 30, 2018 - 11:54 am)

    Indore the ‘City of Holkars’ is becoming modernized by the day as more and more real estate developers and investors are showing interest in the region. Indore is emerging as a fast growing Tier-III city, with a growing industrial presence and prominent commercial hub having companies engaged in trading, services and other activities.Rise in the demand for Residential and Commercial Property in Indore has been fuelled as a result of this as individuals and corporate houses are making a beeline for investing here. One of the best residential property for ready to move is Flats for sale in Indore at supercorridor Indore. For more information visit:- http://www.flatforsaleinindore.biz/

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