Why is Indore the best Tier II city to buy a property?


Posted on 28 Sep 2020



Property is not just a piece of land with four walls and a shade. It is a home where people live together with their families, make memories and enjoy some moments of their life. Some people use it commercially or give it on rent to earn daily bread for their family; it is a source of livelihood. And investors by investing in property as a capital investment contribute to the growth of nations’ economy. Owning a property gives a sense of security of shelter to us.
 

These days, various restrictions have been imposed in Tier 1 metro cities regarding business and, other aspects, rapidly growing population in metro cities have reduced the employment opportunities and decayed the standard of living. MNCs now are looking forward to investing in Tier-II cities in the form of back-up branches or industries. The emergence of MNCs in Tier-II increases the employment opportunities resulting surge in demand for property.
 

Because of reverse migration, people are moving to Tier-II cities. Now that we are discussing Tier-II cities; how can we forget Indore – The cleanest city of India! Not only the cleanest city but today Indore is one of the fastest-growing Tier-II cities in India. The central government and state government are continuously investing in Indore to boost and refine the infrastructure in Indore.


Reasons to purchase property in Indore 

With growing employment opportunities and developing infrastructure Indore is becoming the top preference. There are many reasons to buy a property in the cleanest city of India:
 

  • Connectivity and transport infrastructure – Indore's Devi Ahilya International Airport is the busiest airport in the state of Madhya Pradesh. Many flights take off daily to different parts of India as well as World. Indore’s railway structure is one of the ISO Certified railway stations in India. In addition to this, local transportation of the city is cost-effective. With the frequency of bus availability in every 15 minutes, Indore’s BRTS is one of the best BRTS in India. 

 

  • Commercial Capital of the State – Indore is the commercial capital of Madhya Pradesh. In ease of doing business, Madhya Pradesh is one of the top achievers in India. People from different parts of the country are taking their business to Indore because of well -built infrastructure and having all the facilities. In 2019, the city’s GDP was $35 Billion, increased from $14 Billion in 2011.  

 

  • Education Hub – Indore is the only city in India which has both IIT and IIM. Apart nation’s top universities like Symbiosis University of Applied Science (SUAS) and Narsee Monjee Institute of Management Studies (NMIMS) near super corridor are also in Indore. Indore’s DAVV University is the best non-technical university in the state. The well developed educational infrastructure of the city offers education and skills to go in any field, due to which many students from different parts of the country come here to gain knowledge.

 

  •  Health Infrastructure – There are 313 public and private hospitals in the city which offer varied healthcare services. Before settling in and the city, it is necessary to know its health infrastructure. Indore has a history of 34 Green Corridors in 34 Months. Many renowned hospitals like MY, Aurobindo, CHL and Bombay Hospitals are located in Indore and capable of treating severe diseases and injuries and provide best healthcare services.
     

  •  IT Infrastructure – Indore’s IT infrastructure is the best in the state. TCS and INFOSYS have established and started its offshore development office in Indore. Many USA based software companies have their offshore development branches in Indore. In addition to this Indore, has many medium and small scale software solution companies. Development of Information Technology increases the employment opportunity for people.

 

  • The standard cost of living – Cost of living in Indore is not that much expensive. It is 75.63% lower than New York and ranks at 530th among 551 cities in the world with a monthly cost of around $306.68. One can effortlessly live a healthy and satisfactory lifestyle in Indore while saving funds for the future. There has been a rapid development in the city that maintains the equilibrium between earning and expenses.

 

  • Life in Indore – While keeping pace with the development, Indore has not lost its cultural and traditional touch. Indore has many tourist spots at the outskirts of the city to spend leisure time with family and friends. There are no words to describe the food culture “Sarafa and Chappan” offers the best food in the city. From the lively alleys to the best cafes, one can enjoy the delightful nightlife in the city. Another thing about Indore is that it is relatively safe as compared to others.

 

These are the main reasons to purchase property in Indore. There has been a potential growth in the city with the upcoming Metro Rail Project and the industrial area Pithampur. In the coming days we will see the growth in the employment rate in the city increasing the demand for property in Indore.

Now, if you are looking for a property in Indore to invest in, then visit a prime location for property in Indore at super corridor, one of the best residential areas to get your deal.

DCNPL Hills Vistaa at prime location of the super corridor is the best place for property in Indore which provides luxurious 2, 3.and 4 BHK flats and plots at an affordable cost. Apartments are well-equipped with all the modern facilities. It has a swimming area and play area for relaxation and surrounded by the greenery of the Super Corridor giving, soothing and homely feeling.

We fulfil your lifestyle demands!!

 

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