Indore is one of the largest cities in the Madhya Pradesh. It has its name derived from the Indreshwar temple, it is also called as the City of Holkars, which was built by Rani Ahilyabai Holkar, a renowned Indian queen. The city is a home to over 1600 large, medium as well as scale industries that are being the hub of all the commercial activities that take place in the region.
Indore, being the commercial capital of Madhya Pradesh has seen an industrial boom. Soon after the dispersion of metro cities in India, the spotlight of other industries has been shifted to the tier-II cities. Therefore, Indore is among the preferred IT offshoring regions as it offers other industries with the following features:
– Ease in excess of labor
– Indore real estate is a hot market
– Great business environment
– Favorable social and physical infrastructure
– High returns even on low investments
What else industries require to start their operations when they have everything they need easily available in the upcoming tier-II cities of India. From an abundant land to cheap labor to higher profitability to good investments, all the needed business elements are easily accessible to the investors. Such attractions have made Indore as one of the lucrative and profitable investment options.
As per the recent study being made regarding the trends in the city development that IT growth is directly related to the growth of both Indore real estate and economic industry. Be it an upcoming tier-I and tier-II cities or a metro city, Indore real estate commotions has been following similar paths. As the IT industry strikes the city, boom in other industries like the real estate becomes more of a stimulus for the entire growth and improvement of of its economy. Moreover, the boost in the Indore real estate market is no different and as a matter of fact, follows the league systematically.
Indore is considered to be the powerhouse of the Madhya Pradesh, where the state government has been able to win heavy investments from the leading textile, pharmaceutical and automobile corporations. Further infrastructural expansions have also been made with appropriate strategies that aid in the bringing of the main IT companies.
Indore is the powerhouse of where State government has won heavy investments from major, textile. Further infrastructural developments were made in line with the strategy of bringing in major IT companies. The city, therefore; is becoming an emerging hub for major IT companies that is soon to see more developments in the housing and infrastructure facilities.
The article has been written by Rahul Verma who is a real estate agent and has worked with Ruchi Realty Holding’s Ltd for 2 years now. He has worked for Ruchi Reality on the nationally awarded Real estate Indore project named ‘Ruchi Lifescapes’. You can find more details about plots in Indore on their website.