Indore, which is called the commercial capital of Madhya Pradesh, has seen unprecedented economic and geographical growth in the last 42 years. During this period, the real estate sector has also seen a tremendous boom. This city has traveled from small houses to high-rise buildings. From the 1980s to 2024, the infrastructure development, property prices and demand of this city have been increasing continuously. Currently, Indore is one of the favorite places of investors from the country and abroad.
strength of till market
The growing student hub and travelling industry has led to increased demand for rental properties.
Green Wildings and Sustainable Development
There is a growing inclination towards eco-friendly construction and energy-efficient buildings.
Dominance of high-rise apartments
Big developers have developed high-rise societies equipped with modern amenities.
Demand for bigger houses due to work-from-home trend
Post-Covid, people have now started preferring larger, open-space paris.
Commercial real estate expansion
The business centers of Indore are growing rapidly.
The development journey of Indore’s real estate market in the last 42 years
1980-1990: From a small town to a growing market In the 1980s, Indore was a medium-sized city with mostly old markets and traditional residential areas. Areas like Vijay Nagar, Arpurna Road, Byam Road gradually started developing. The real estate sector was dominated by individual houses and small apartments. There were very few houses and people preferred views.
1990-2000: Influence of Industrial, IT Sector Industrialisation gained momentum in Indore in the 1990s.
Due to the establishment of Paudpur Industrial Area, people started coming in and new areas started developing. During this time, neighbourhoods like Ladia Scom No. 54 and Mahalaxmi Nagar started to emerge. Property prices also witnessed a steady increase of 15-20%. In this decade, Indore started to gain more attention and many small and big business complexes were built.
2000–2010: Multistory apartments and commercial space
After 2000, Indore’s real estate market reached new levels. Multistorey apartments, high-rise buildings started. Malls like 21 Mall Complex and Treasure etc. were built, due to which commercial real estate also grew rapidly. During this time, due to increase in facilities from banks and private institutions, people started investing more and more.
2010–2020: Smart Cities Mission and Infrastructure Initiative
Indore was now included in the Smart City project in 2015, when the real estate market reached new heights. Big residential and commercial projects like Super Corridor, AB Road and Bypass Road were launched. IT hubs and township developments gave a new direction to the demand for real estate. In this decade, Indore started getting ranked among the cleanest cities in the country, making it more attractive for investment and residents.
2020-2024: New possibilities after the pandemic
Although real estate slowed down a bit in 2020 due to COVID-19, it has seen a boom since 2021. People are now attracted to bigger and open houses, which has given a boost to gated communities and Vitta Kalpar. Apart from this, the Indore-Bengaluru corridor and new metro projects have made the city more attractive for real estate investors.
Current Situation and Investment Opportunities
Future Projects:
Investment Hotspots Super Corridor IT Hubs, Startup Centres. Vijay Nagar and AB Road High-end Prostitutes. Mhow and Rau Industrial and Education Sectors. Bypass Road and Kanada Road – Township and District Projects
- Indore Metro
- Haavi Extension
- Smart City Development
