Indore’s real estate market has experienced notable changes as December 2024 begins, driven by updated policies and fluctuating buyer interest. The implementation of the new collector guideline for 2024-25, which became effective recently, has introduced an average 10% hike in property values across 5,100 locations. This development reflects the city’s evolving property dynamics and increasing demand in newly developed areas​.A Surge in Registrations and RevenuesOctober 2024 saw a 13% rise in pr...

October 2024 witnessed a significant surge in property registrations in Indore, marking a prosperous festive period for the real estate market. The city generated an impressive income of ₹214 crore, up by 12.8% compared to the same period last year. This increase was fueled by the festive season, which is traditionally considered an auspicious time for property purchases.Festive Season Sparks GrowthThe festive months of Navratri and Diwali played a pivotal role in driving property sales. Accordi...

The recent approval by the Union Cabinet for the Indore-Manmad railway line is a landmark decision that is set to reshape the economic landscape of Central India. Valued at ₹18,036 crore, this 309-kilometer-long railway line is not just another infrastructure project; it is a strategic investment aimed at unlocking the potential of Indore, Pithampur, and surrounding regions. The new line will significantly enhance connectivity, reduce travel time, and bring a wave of opportunities to the real e...