The engine of Indore’s growth is its real estate market. The city is rapidly developing towards becoming a metro city, due to which the city’s infrastructure is improving at twice the speed. This is the reason why the city’s real estate sector is seeing 5 percent more growth than the whole country. According to a report by The Real Estate Industry in India, the real estate sector will contribute 13 percent to the country’s GDP in the year 2025. Indore
If we talk about the present GDP, the share of real estate in the GDP of 2.5 lakh crore is 40 thousand crores. This is 16 percent of the current GDP, but in the year 2025 it will be 18 percent, which will be 5 percent more than the share of real estate in the country. Its effect will be visible in Indore in the next one year. More than 20 new malls will be ready in the city next year. This includes areas like AB Road, Eastern Ring Road, BRTS.
There are more than 500 running projects in Indore
154 projects have been completed in Indore in the year 2023-24. Currently there are more than 500 running projects in the city. Next year their number will be 20 percent more than this. Talking about the cities of Central India, Indore is still at the forefront in real estate.
Economy of Indore city
Real estate is the cornerstone
According to experts, Indore’s economy is completely dependent on real estate. Almost every person is investing in real estate with their savings. This is the reason that bookings are now complete with the opening of any township, colony or small multi-story project. Of the total investment being made in Indore, 55 percent is by the youth who want fully equipped properties.
There are many well-equipped townships on every road in the city
Many types of innovations are also happening in the real estate sector of Indore. Pillar less structures are being built, which provide more space. There has been a change in everything from light to color. Project sizes have started increasing. There are many fully equipped townships on every road of Indore. Demand has increased according to the quality of life. People are ready to pay good money.
Focus on green building development
The number of first time home buyers is increasing rapidly. Now the entire focus is on green building and zero carbon emission. Big developers are working in this direction. The good thing is that home buyers also understand its importance and even if the cost of building a green building is a little higher, people do not hesitate to adopt it.
Source-Dainik Bhaskar
