Why Indore is the Most Preferred Destination for NRI Investment?

Why Indore is the Most Preferred Destination for NRI Investment?

Indore is one of the most populous cities of Madhya Pradesh state in India. Indore is described as the commercial capital of the state and is also an educational hub boasting the famous IIM and IIT. It is one of the fastest developing cities of the country and its pharmaceutical and automobile industries are famous all over the country. Such tremendous growth in the industrial sector has influenced the real estate market in the city as well.

The city experienced a boom in the real estate sector between the years 2010 and 2013. A number of projects were opened in the Super corridor, an upcoming area in Indore owing to the boom of the IT industry in its vicinity. There are a number of 2, 3 and 4 BHK apartments and independent houses for sale in Indore within the price range of Rs. 32 Lakhs and Rs. 1.2 Crores. Independent plots and villas are also available in this vicinity at prices starting from Rs. 15 lakhs onwards.

Some pointers that are contributed towards the real estate boom in Indore are its Rapid bus transit system, 250 feet wide road or the super corridor, deployment of the Major road, etc. Such fast computation systems to explore the city without much traffic and its infrastructural developments are the indirect boosts behind the real estate boom in Indore.

Why Indore is the favorite destination for NRI investment?

Many foreign Indian nationals prefer to buy and invest in properties in India to re-establish the lost connection between them and the country. Also, investing in Indian properties is a cheap affair for them and helps them with a tremendous return on investment and rental income. NRIs are also able to enjoy excellent tax redemption by investing in properties in India. A number of cities in India serve as real estate investment hubs for NRIs. Indore is no exception in the list. 

Indore, in general, is known as the cricket freak city among people, as a number of Indian cricketers’ hail from this city. The trend is however different these days and Indore is growing to be a major business hub in India. Indore is growing to be a financial capital of Madhya Pradesh and was nicknamed as Small Bombay as the lifestyle and the quality of living of both the cities was almost similar. In the early 20th century, the city flourished in business and boasted of making crores of rupees every single day.

It was the land of some of the renowned business people who established business empires in the city. Apart from being the commercial capital of the state, the city is also an educational hub boasting world-class institutions like the IITs and IIMs. As far as the infrastructure and connectivity features are concerned, the city has everything to make it one of the best places for real estate investment in India. Its real estate sector not only attracts Indian Nationals but also NRIs through its excellent return on investment figures.

Some reasons why one should opt for buying a property in Indore are as follows,

  • Indore enjoys superior connectivity to other parts of the country through its strong rapid transit system. Its Ahilya path project connects the entire city round the clock.

  • Its 250 feet wide roads are also known as the super corridor connects the international airport with Major roads, where the top software companies like TCS and Infosys are located.

  • The Government of Madhya Pradesh has constructed a new eight-lane road that connects Indore with the rest of the city. It helps to ease off the traffic and benefits the commuters better.

  • Indore offers world-class higher education and is the home for IIT and IIM. Indore has a number of good schools for children as well. Thus NRIs invest in Indore without a second thought.

  • The city has a number of Special Economic Zones that brags a number of industrial giants such as Volvo, Bridgestone, Eicher Motors, Lupin, Cipla, Glenmark, etc.

  • Indore is home for some of the best residential colonies in the entire country. The residential colonies in Vijay Nagar and Nirpaniya are the best in the country in terms of accommodation, accessibility, the standard of living, etc.

  • Indore enjoys a dynamic market. Almost all types of brands have survived here starting from inexpensive local brands to international brands. It is a land of people from diverse backgrounds and has kindly embraced all of them.

  • Indore is in close proximity to Pithampur, the industrial capital of Madhya Pradesh. The best quality raw materials are easy to find here at a cheaper cost.

  • The metro rail project here is in its planning stage and Indore also has a well-connected airport.

How to book the best property in Indore?

Booking a property in Indore can be pretty simple for the locals and for those investors who are living in the surrounding areas. But how can it be possible for a Nonresidential Indian to book a property in Indore from sitting at the other part of the globe? This is where housing.com helps prospective investors. This is a premier website that lists some of the best properties city-wise all over India. Investors can make use of the website to look for

  • Studio apartments in Indore

  • Resale flats in Indore

  • Independent villas

  • Ready to move flats in Indore

  • Owner flats and duplex flats in Indore

  • Flats under construction in Indore etc.

There are properties available for every single price point and in every single area of Indore. Investors can browse properties here based on the type and the cost of the property as well. At housing.com there is a dedicated sales team that renders expert real estate solutions to their prestigious NRI clients. They understand the requirements of the NRIs better and list some of the best properties on their website to help them with their property search better.

Housing.com serves as an excellent bridge between property owners and investors and keeps every single transaction transparent and legal. The website delivers excellence in every single aspect of real estate development making it easy for NRIs to invest in Indore properties.