Where to Find Property for Rent in Indore within Rs 10,000?

Indore is one of the top Tier II cities of India. It is an important city in Madhya Pradesh and has several government offices. The city is the only one to have both an IIT and an IIM hence attracts a large population of students. Indore is India’s 9^th biggest city and has a host of economic activities, including IT services that attract thousands every year.

If you are moving to Indore, then these are the top three areas where you should consider renting apartments within Rs 10,000.

Vijay Nagar

Counted among the top areas of taking flats for rent in Indore, Vijay Nagar was developed by Indore Development Authority. The suburb’s population boomed towards late 1990s and since then realty prices have gone up. Vijay Nagar has one of the highest real estate prices in Indore and rental rates, mainly for the influx of immigrants. The neighbourhood is located towards east Indore and is surrounded by arterial roads like Eastern Ring Road, MR 10 and MR 9. The development of the Indore BRTS has led to higher growth of the area.

Flats for Rent in Indore are available for Rs 10 per sq ft which means a standard flat of 2BHK measuring 1000 sq ft would extract a monthly rate of Rs 10000 per sq ft. The same rate is applicable for independent houses too. The notable townships of the area include Suyash Club, Nandini Vihar, Shekhar Planet and Shalimar Township. There are several IDA apartments available here too.

Vijay Nagar has several malls such as Mangal City, Orbit, Malhar Mega Mall and C-21. Leading hotels of Indore like Hotel Fortune Landmark and Sayaji are located here.

Mahalaxmi Nagar

Mahalaxmi is a suburban area of Indore, located towards the north eastern outskirts of the city. It is located close to the Eastern Ring Road and has numerous high rise towers. Mahalaxmi was carved around the 2000s when people saw the potential of the peripheral areas of the city and moved to the outskirts. Apart from Mahalaxmi Nagar, Rajendra Nagar, Neeranjanpur and Tulsi Nagar were also carved along the Ring Road. With its development, several people moved here, particularly because cheap accommodation was available.

Flats for rent in Indore’s Mahalaxmi Nagar are available for Rs 9000 every month. These flats are of 2BHK configuration and measure 1000 sq ft. Independent houses are available for Rs 10,000 per sq ft.

AB Road

AB Road is one of the most important thoroughfares of Indore. The ICTSL Buses that operate through the city pass through here. Several reputed educational institutes like Sikkim Manipal University, Mahatma Gandhi Medical College, Nilgiri College of Professional Studies, BM College and Institute of Advanced Network Technology are located here. Hospitals such as Maharaja Yeshwantrao Hospital, Suyash Hospital, Eureka Hospital, Rohit Eye Hospital and Child Care Cenre and Vishesh Hospital reinforce the area’s social infrastructure.  AB Road too has 2BHK flats of 1000 sq ft available for Rs 10000 while independent houses can be availed for Rs 8000 per month.

Why is Coimbatore Gaining The Favours Of Investors?

Investing in Coimbatore’s real estate has been a good proposition always. The city’s initial development can be attributed to the textile industry. Skilled labour flocked to the city from all over India.

Cut to the 21^st Century and Coimbatore has not lost its sheen on investors. It continues to be one of the sought after real estate market. Some of the important reasons are:

1. Thriving Manufacturing Sector
2. Well-developed Health Care Sector
3. Increase of retail activities
4. Pleasant climate

Coimbatore continues to be home to several textile mills which range from small to large in scale. Most of the textile produced is exported from here. Coimbatore real estate is slated to benefit with two of the SEZs constructed and five underway. The city is the second biggest software producer in Tamil Nadu after Chennai. The increase in IT services has prompted the construction of the TIDEL Park where IT majors like IBM, Cognizant and TCS are based. Automotive giants like Tata Motors and Maruti Udyog source almost 30 percent of automobiles components from here.

A mix of modern and traditional industries is fuelling real estate development in Coimbatore. The Erode-Tirupur-Coimbatore Industrial Corridor has boosted much of the realty market in Coimbatore. The corridor is slated to attract investments worth Rs 14,000 crore or more. Once the industrial corridor is constructed, 18 lakh jobs shall be created. The demand for flats for sale in Coimbatore has already increased and real estate developers expect prices to go up soon. Flats for sale in Coimbatore’s Avinashi Road are priced around Rs 4500 per sq ft. For other areas like Ganapathy, flats for sale in Coimbatore are available between Rs 4000 and 4500 per sq ft. The latter has shown an increase of 3 percent in per square foot rate within a year. Peelamedu too has shown a rise of 4 percent during this period and its average price is Rs 4800 per sq ft.

Thanks to the expansion of the retail and healthcare sector, Coimbatore has seen a lot of investment activities. The city is a retail hub for neighbouring areas, including Palakkad in Kerala. Buyers are mostly attracted to the goldsmiths and ornament sector that the city is proficient in. Coimbatore has also emerged as an alternate to Vellore in Tamil Nadu. The city also offers quality hospitals and nursing facilities but is not as crowded as Vellore. Therefore, treatment seekers can be attended much easily.

Coimbatore is slated to have its own monorail services which would connect various parts of the city such as RS Puram, Gandhipuram, Town Hall, Sai Baba Colony and Ganapathy. A northern and circular route has been planned for the city.

The high social, physical and civic infrastructure coupled with growth prospects make flats for sale in Coimbatore attractive to investors. The ticket sizes are small while the rates of appreciation are high which is why most investors are attracted to the city. As IT, retail and other new age industries expand in the city, the prices of property would increase here.

Why Should Home Seekers Choose Indirapuram For Rented Accomodations?

Ghaziabad is known to all as an affordable housing market that caters to low and middle income buyers. One of the areas that receive a regular stream of demand is Indirapuram. It is a rapidly developing area of Ghaziabad and is a top choice among end users for its good communication. A metro railway route has been proposed for the area which has made it much sought after among investors also. 

Indirapuram is situated on the NH24 and is close to Delhi. This township has all facilities needed for a quality life including developed physical and social infrastructure. Both commercial and modern residential complexes are available in the area. Property surveys have revealed that flats for rent in Indirapuram is almost 40 percent in multi-storeyed buildings. The main reason is the ease of communication of the area to Noida and Delhi.

Indirapuram is divided into sectors or Khands such as Ahinsa Khand, Vaibhav Khand, Nyay Khand and Niti Khand. The GDA or Ghaziabad Development Authority had earmarked the area around 16 years ago and introduced infrastructural development to make the area liveable. Flats for rent in Indirapuram, Ghaziabad is available in a variety of configurations to cater to people from all walks of life.

Indirapuram is around 25 kilometres from Connaught Place and 6 kilometres from the Akshardham Temple. It is counted among the prime areas for residential and commercial projects. The area can be accessed from different parts of NCR and has various kinds of residential projects. Several commercial developments are also coming up in the area which would serve as an employment zone. Indirapuram has several newer investment options for those living and working in NCR. The area is slated to be connected to the lines between Sector 4 Vaishali to CISF Camp and CISF to Noida City Centre.

The rates for Flats for rent in Indirapuram, Ghaziabad differs across sectors. For instance, Vaibhav Khand and Ahinsa Khand 2 command Rs 12000 to 15000 for 2BHK flats while they charge Rs 18000 to Rs 22000 for 3BHK apartments. Rental rates in Niti Khand are lower at less than Rs 10000 for 2BHK flats. These units are available in newly constructed properties that are less than 5 years old. They are mostly in gated communities hence tenants can make use of facilities like swimming pool, gymnasium and open space. The flats offered on rent are usually semi furnished to fully-furnished. Fully furnished apartments have furniture pieces and basic electronics goods like televisions and air conditioners. Semi furnished apartments usually have cupboards and shelves in place.