The township in Indore is the largest city in Madhya Pradesh that derived its name from Indreshwar temple. It is also known as The City of Holkars being built by Rani Ahilyabai Holkar, a famous Indian queen. Indore is home to more than 1600 large, medium and scale industries being the hub of commercial activities. Indore is a commercial capital of Madhya Pradesh and is now seeing a lot of industrial boom. After the saturation of metro cities in India, the focus of all IT, and other industries has shifted to tier-II cities.

It has been observed in a recent study of the trends of city development that IT development is directly connected to both economical and real estate Indore growth. Be it a metro city or upcoming tier-I and tier-II cities, Indore real estate activity has followed similar paths. As soon as IT and other industries entered the city, boom in real estate Indore became the stimulus for overall development of its economy. And the boost in real estate Indore is no different and in fact, has followed the league thoroughly.

Township in Indore is the powerhouse of Madhya Pradesh where State government has won heavy investments from major automobile, pharmaceutical and textile corporations. Further infrastructural developments were made in line with the strategy of bringing in major IT companies. The city is now an emerging IT hub that is soon to see more improvements in infrastructure and housing facilities. From its nascent stages itself, IT sector have been encouraging real estate Indore growth in the city.

There are a number of the noteworthy developments in Indore that include the governments declaration of a budget of Rs. 5,000 crores to build Asia’s largest auto testing track for ground breaking research and development. This directly implies more employment opportunities, thus, a greater need for residential plots in Indore. There is also 2000 acres of land that is earmarked for construction of an IT SEZ near the proposed international airport. The airport itself will be a catalyst for future real estate Indore development in and around the city.

Indore, being on the radar of various IT companies has an upcoming Crystal IT Park on 24 acres of land. The demand for residential plots in Indore and apartments for sale has been rising with increasing immigrant population and an almost doubling of city’s population. The research data shows that there is a need for over lakh residential units in the city. Township in Indore is witnessing the inflow of investment from leading real-estate developers leading to a hike in property rates. In fact, even financial analysts believe that Indore is a profitable destination for investors who want rapid capital appreciation and high rental income.