Why Properties In Indore’s Super Corridor Are In Demand

@ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @ @@page Tier II cities in the country are on the growth path. Money is being pumped into tier II cities so that they can catch up with their Tier 1 counterparts. There is increasing interest being shown in the real estate sector here.

One such Tier II city is Indore. It is located in the state of Madhya Pradesh and is considered to be the largest city there. It is known as the commercial nerve centre of the state. Industries such as textile, automobile, confectionery, and electronic goods are present here. Since it is a good employment generator, there is constant demand for properties such as 4 BHK flats in Indore.

The most preferred unit size for apartments in Indore falls between 751 to 1000 square feet. This is followed by the less than 500 square feet range. The most preferred configuration for apartments here are 2 BHKs followed by 3 BHKs. 1 BHK apartment in Indore occupies the third place. The most preferred budget range for properties here falls between INR 10 and 20 lakhs followed by the INR 20 to 30 lakhs range. Buyers are willing to spend less than INR 2000 per square feet for properties such as 4 BHK flats in Indore. This is followed by the INR 2001 to 2500 per square feet range.

One of the most talked about localities in city is Super Corridor. The Information Technology industry has shown interest here with companies such as TCS and Infosys planning to set up their bases here. The going rate for a 2 BHK apartment here falls anywhere between INR 20 to 27 lakhs. If you are look to purchase a property such as a 1 BHK apartment in Indore, then Super Corridor is the best bet as the real estate scene here looks like it’s about to bloom.

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