tipto

Indore, the financial capital of MP is very costly now. In past 2-3 years in terms of development only roads have been made. Rest all is on paper and in minds of people.
MoUs were signed just for the sake of rising the property prices. Government's sincere effort of attracting IT/ firms simply did not kick off and none of the companies showed any commitment.

Now govt is trying to lure agro bases businesses.

Well to cut long story short, nothing seems to me materializing the way it should (i mean the pace). Compare Indore with any other Tier 2 or Tier 3 city and you will know the difference.

In last 5 yrs Hinjewadi Village (Pune) has more number of people working in firms then Indore can ever imagine in next 50 yrs to come.

But all these talks of Development and MoU has definitely raised the price of plots from mere 400 Rs/Sq FT to 2000 Rs/FT for no reason but JUST THE HOT AIR

So where did all this money came from. Indians are good savers. They save a lot. FDs were not fetching any returns and many burnt their hands in recent stock market crash of 2008. On top of this govt now track each and every PAN number. Plots in Indore provide you the option to convert the white and black money to black. Most of the plots on Bypass road are all purchased by investors and they are in no hurry to built houses here.
So you can easily assume that it would take 20 yrs for the actual resident to migrate here.

Hell lot of townships and buildings are coming up and you have plenty of options available.

Your comments please.